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Dogecoin price climbed 2.6% over the past 24 hours to trade at $0.1461 as of 3:45 a.m., a 7% increase in trading volume to $1.5 billion.
The rally comes after NYSE Arca approved the listing of Grayscale’s Dogecoin and XRP ETFs which begin trading today.
Grayscale Dogecoin Trust ETF (symbol: $GDOG) provides investors with direct exposure to $DOGE. $GDOG begins to negotiate @NYSE Arca tomorrow. pic.twitter.com/AJUFAnY4K1
– Grayscale (@Grayscale) November 24, 2025
Analysts expect the Grayscale Dogecoin ETF, traded under the ticker GDOG, to attract up to $11 million in trading volume on its first day.
This would reflect strong but measured initial demand from institutional and retail investors and signal broader acceptance of altcoins and meme coins.
The listing of the Grayscale Dogecoin ETF provides investors with a more accessible way to gain exposure to Dogecoin price movements without directly manipulating or storing the cryptocurrency.
The ETF reflects the spot price of DOGE and retains the underlying asset, making it a true spot product and not just a synthetic or futures-based vehicle.
On-chain models: Dogecoin demand increases
On-chain data for Dogecoin has also shown positive trends. In the days leading up to the ETF’s launch, analysts observed a pick-up in trading activity and portfolio movements.
More coins are being moved into long-term holding wallets, a sign that investors may be preparing to hold DOGE in anticipation of further ETF-driven price action rather than rushing to sell at the first sign of a rally.
Increased on-chain activity often means regular crypto users are preparing for greater volatility or showing confidence in the future value of their holdings. This trend is also supported by action on derivative products; DOGE and XRP seeing spikes in options and futures volumes as ETF trading day approaches.
The launch coordinated by NYSE Arca provides comprehensive regulatory support for the products and could encourage further inflows into the DOGE market.
DOGE Price Prediction and Technical Analysis
The Dogecoin price chart shows bulls holding the line above key support as the Grayscale DOGE ETF goes live. Dogecoin is trading at $0.146.
After falling below the 50-day simple moving average at $0.184 and 200-day simple moving average at $0.208 earlier this month, DOGE found temporary support around $0.14. The next strong support is near $0.10, with an all-time low falling at $0.085.
DOGEUSDT analysis source: Tradingview
Indicators suggest that the coin is oversold, with the Relative Strength Index sitting at 37, typically a point where new buying interest begins to appear.
The MACD indicator remains slightly bearish, indicating the possibility of further sideways action or a retest of support levels if bullish volume does not increase.
Dogecoin eyes $0.18 to $0.20 as key support holds at $0.14
If DOGE holds above $0.14 and ETF volumes remain strong, the price could make another attempt at the $0.18 to $0.20 resistance zone. Success there could open $0.25 in the coming weeks.
On the downside, a loss of the $0.14 support could trigger a stronger decline towards $0.10, where another group of buyers has historically intervened.
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