Key notes
- Grayscale deposits S-1 for Dogecoin ETF spot, widening the institutional thrust in the pieces even.
- The interests open Doge increased by 7.3% to 3.7 billion dollars despite the drop in the volume of negotiation by 42%.
- The price holds nearly $ 0.23, in beach after testing a resistance of $ 0.24 on Sunday.
DOGECOIN (DOGE) extended its recent victory sequence until Sunday August 17, affecting $ 0.24 in intraday and in progress for its third consecutive day of profit. The price rally in the process of Dogecoin coincided with the Grayscale deposit of an S-1 registration with the Securities and Exchange Commission (SEC) of the United States to launch an ETF of Dogecoin Spot, deposited on August 15.
The proposed ETF of Dadecoin is added to the list of institutional deposits already under examination of the SEC, including Bitwise and Rex-Osprey applications. Beyond Doge, the SEC examines several ETF proposals, such as Trump, Bonk and the Grassouiers penguins, further stressing the institutional interest in deepening for the same sector, long considered a niche market dominated by the retail trade.
In particular, the gray levels arrived just a day after the SEC delayed decisions on several proposals from Solana Etf de Bitwise, 21Shares and Vaneck until October, alongside a distinct 21Shares Dogecoin application. The latest Dogecoin ETF deposit suggests that the AUM asset manager of $ 60 billion remains confident potential approval verdicts despite the latest dry delays.
Dogecoin derivative market data | Coinglass, August 17, 2025
In the future, derivative market data suggests that short -term speculative traders continue to be heavy in the continuation of Dogecoin price rally. As the Coinglass graph above, Doge Open Interest jumped 7.3% to 3.73 billion dollars on Sunday, indicating new capital entries of $ 272 million on Sunday, even if punctual trading volumes have decreased more than 41%.
The liquidation data also highlights the active short compressions. In the past 24 hours, Shorts has lost $ 2.80 million, compared to $ 711,000 in long liquidations, reporting to be paid bets that are forced to leave the market. If these upward conditions persist, Doge Price could be on the brink of $ 0.25 in the coming week.
Dogecoin price forecast: ETF Buzz responds to technical obstacles
From the point of view of technical analysis, the price of the dogecoin is faced with critical resistance to the sale of walls. As the TradingView graph below shows, the level of $ 0.24 has become immediate resistance, with sustained fences above this brand required to trigger $ 0.27.
Dogecoin price forecasts | Dogeusd 24 hours
Lowering, short -term support remains solid at $ 0.22, aligning with recent consolidation zones and an upward trend of accumulation among retail traders. If this support fails, Doge Price could retain $ 0.20, where the world’s largest in the world attracted the interest of significant membership during the market rebound in early August.
With the RSI trend at 57.8, the price of Dogecoin has not yet struck territories on the purchase, the signaling margin for an increase in the increase to vioder the critical psychological resistance of $ 0.25, if the increasing open interest triggers more short.
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Ibrahim Ajibade is a seasoned research analyst with training by supporting various web3 and financial organizations. He obtained his undergraduate diploma in economics and is currently studying for a master’s degree in blockchain and distributed major book technologies at the University of Malta.
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