Dogecoin (DOGE) Price: Can the New 21Shares ETF Trigger a Breakout Rally?

TLDR

• Dogecoin trades at $0.137, down 0.93% in the last 24 hours, stuck between $0.135 and $0.142
• The SEC approved 21Shares’ TDOG spot ETF on January 12, making it the third U.S. spot Dogecoin ETF
• Total net assets across all Dogecoin ETFs stand at just $10.16 million with $7 million in cumulative inflows
• Trading volume jumped 73.68% to $1.34 billion despite the flat price action
• DOGE dropped below $0.140 and formed a low near $0.1348 before consolidating losses

---

Dogecoin is trading at approximately $0.137 after declining 0.93% over the past 24 hours. The price has remained stable within a tight range between $0.135 and $0.142 despite recent regulatory developments.

Dogecoin (DOGE) Price

The U.S. Securities and Exchange Commission approved 21Shares’ spot Dogecoin ETF on January 12. The product, branded TDOG, will list on Nasdaq and join existing offerings from Grayscale and Bitwise. Trading is expected to begin this week.

The fund will hold Dogecoin directly and track the CF Dogecoin-Dollar US Settlement Price Index. This structure provides investors with regulated exposure without using derivatives or leverage.

The approval marks the third spot Dogecoin ETF in the United States. However, the launch has not translated into meaningful price movement for the cryptocurrency.

Data from SoSoValue shows total net assets across all Dogecoin ETFs currently stand at $10.16 million. This represents just 0.04% of Dogecoin’s total market capitalization.

ETF Inflows Lag Behind Competitors

Cumulative net inflows since the launch of Dogecoin ETFs total roughly $7 million. This figure falls far behind XRP ETFs, which have attracted $1.22 billion over the same time period.

The TDOG ETF carries a 0.50% management fee. This fee structure is higher than many Bitcoin ETFs and may limit adoption of the new product.

Trading activity for Dogecoin increased during the period. Volume rose 73.68% to reach $1.34 billion over the past day.

The price action shows Dogecoin started a fresh decline after closing below $0.1500. DOGE fell through support levels at $0.1450 and $0.1420 before reaching a low near $0.1348.

Technical Levels Present Key Barriers

The cryptocurrency is now trading below the $0.140 level and the 100-hour simple moving average. A declining channel has formed with resistance at $0.1395 on the hourly chart.

Immediate resistance on the upside sits near $0.1390. The first major resistance level for buyers is around $0.140.

If Dogecoin manages to break above $0.1420, the price could move toward $0.1445 or the $0.150 level. Further gains might push DOGE toward $0.1540.

On the downside, initial support is located near $0.1350. The next support level sits at $0.1320, with main support at $0.1280.

A break below $0.1280 could send the price toward $0.120 or even $0.1180 in the near term.

The Relative Strength Index remains neutral while price action stays flat. This alignment suggests balance in the market rather than accumulation.

The spot price remains around $0.137 with trading volume at $1.34 billion over the last 24 hours.

The post Dogecoin (DOGE) Price: Can the New 21Shares ETF Trigger a Breakout Rally? appeared first on CoinCentral.