Dogcoin $0.229428 (DEGE) is traded for $ 0.2329 with an increase of 0.83 percent in the last 24 hours and maintains its consolidation structure. Popular Crypto Money Analyst Trader Tardigrade on the X platform draws attention to the expanding wedge formation rising in the weekly graph and brought out $ 1.4 as a final target. The latest increase in the king of Memecoin is associated with the update of Grayscale Investments by the S-1 file for SEC’s Spot Dogecoin ETF. Market expectations are that the corporate story is strengthened with the technical appearance.
Graphic structure in Dogecoin points to $ 1.4
Analyst TRADER TARDİGRETAccording to, the expanding wedge formation in the weekly graph is consecutively to higher bottoms and hills. pointing. Past rise attacks increased by 120 percent between 0.22–0.48 dollars and 190 percent up to 0.77 dollars. If this rhythm is maintained, $ 1.4 will remain on the agenda as the final target of the formation. The growth of cyclical expansions over time also feeds the view of rise.
In daily graphics DogSince the beginning of February, a significant accumulation in the $ 0.21–0.30 band. In the tape, the rising bottoms show that the purchasing -oriented belief increases gradually. So in Memecoin, buyers have not given up in any way.
Technical price thresholds are quite clear. A strong break price over $ 0.25 can move to $ 0.30. Then, if the rise continues, the re -testing of $ 0.50 is on the table. Relative power index (RSI) at the level of 52, and the neutral area indicates that the accumulation continues before the upward break.
Grayscale’s ETF update increased appetite in Memecoin
Grayscale, recently Selectionupdated S-1 form. Nyse Arca aims to list it with the code “GDOG”. The ETF will keep Dogge directly and will provide investors the opportunity to expose the spot market value when management fees are deducted. Coinbase Custody was preferred on the storage side, considering corporate standards.
This progress was built on the 19b-4 application of the company on 13 February 2025. A positive decision from the SEC may increase the liquidity and bring meaningful institutional interest. ETF The application also points to a positive frame for 21shares -like products that have previously been on waiting. October 2025 has turned into a critical decision time in terms of the price dynamics of Dogecoin’s spot and derivative markets.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
