21Shares Dogecoin ETF Approved: Will DOGE Price Explode?

TDOG Launch: A Major Catalyst for Dogecoin?

The race for crypto ETFs is accelerating. According to reports, the 21Shares Dogecoin ETF has secured “auto-effective” status from the SEC (Securities and Exchange Commission), paving the way for a listing as early as this week. This product, which will directly track the price of Dogecoin, offers institutional investors a regulated gateway to the asset without the constraints of holding private keys.

Currently, Dogecoin is trading around $0.137, posting a slight correction of approximately 2% over the last 24 hours. Despite the euphoria surrounding the announcement, the market remains cautious. Trading volume is oscillating between $660 million and $980 million, a sign that traders are awaiting the first official listing to position themselves aggressively. However, the arrival of TDOG alongside Grayscale‘s GDOG could create a demand shock sufficient to reverse the short-term trend.

Technical Analysis: Will the $0.13 Support Hold?

From a technical standpoint, DOGE is at a crossroads. The price is currently testing a zone of critical support located around $0.1356. A clean break below this level could trigger a bearish acceleration toward the $0.13 zone, or even lower if selling pressure intensifies.

The bad news is that a daily order block has formed above its price, indicating substantial selling pressure from institutions. In short, DOGE is now trapped between the order block up to $0.153 and its support at $0.135. The price could range within this zone over the coming weeks before deciding on the direction of the breakout.

To the upside, the first major resistance stands at $0.15. To validate a bullish reversal and hope for a new rally, DOGE must imperatively close above this threshold with volume. A breakout above $0.156 would then open the path toward the psychological target of $0.17, then $0.20. However, some analysts remain pessimistic: a fragile market structure could, according to Ali Martinez, expose DOGE to a risk of falling toward $0.06 if key supports give way.

Should You Buy Dogecoin Before the ETFs?

The approval of the 21Shares ETF is undeniably a positive fundamental signal, further legitimizing Dogecoin’s status in traditional finance. However, the current price action calls for caution. The market often tends to anticipate news (buy the rumor) and sell upon officialization (sell the news).

If the launch of TDOG is accompanied by massive institutional flows, a rapid impulse toward $0.16 is the preferred scenario. Conversely, if volume disappoints during the first days of trading, a return to the $0.12 support seems inevitable. To conclude, according to Balchunas, two additional DOGE ETFs will be launched in 2026. The year is therefore far from over in terms of good news.

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