- Dogecoin charts a symmetrical triangle, signaling a possible 30% breakout ahead.
- Grayscale leads Dogecoin ETF filing, facing rivals Rex-Osprey and Bitwise.
- Polymarket data shows ETF approval odds rising steadily to 75
Dogecoin is moving through a tight trading range as speculation builds over a potential exchange-traded fund linked to the token. Market analyst Ali Martinez stated that Dogecoin appears to be consolidating inside a symmetrical triangle.
Martinez’s data shows DOGE near $0.22386, tightening price action as the asset tested both rising support and descending resistance. Martinez suggested that once resolved, such a formation could result in a 30% move.
Technical markers added context, with Fibonacci retracement levels indicating a key barrier around $0.25. Downside support rested near $0.20, creating clear zones for traders to monitor. Martinez noted that as Dogecoin approaches the triangle’s apex, a decisive breakout could determine the next major price trend.
ETF Filing Brings DOGE Into Regulatory Spotlight
According to an S-1 filing submitted on August 15, a new Dogecoin ETF aims to provide direct exposure to the token. Grayscale Investments Sponsors, LLC and Grayscale Operating, LLC will co-sponsor the product. CSC Delaware Trust Company will act as trustee, while BNY Mellon will be named transfer agent and administrator.
Coinbase and Coinbase Custody Trust Company are designated to oversee brokerage and custody functions.
Grayscale faces competition from other issuers. Rex-Osprey and Bitwise also filed proposals seeking approval for Dogecoin ETFs. While none have received regulatory clearance, similar products already exist in Europe.Â
Analysts observed that this highlights rising institutional interest despite volatility concerns surrounding the asset.
Optimism Over Approval Strengthens in 2025
Meanwhile, Polymarket data reflected a sharp rise in sentiment regarding possible approval. As of August, the probability of a Dogecoin ETF being authorized in 2025 stood at 75%, marking a 38% increase in outlook since the beginning of the year.
Confidence showed fluctuations earlier, with visible spikes recorded in March and July. The probability later stabilized within the 70–75% range.
Polymarket data also revealed that the contract, scheduled to close on December 31, 2025, had already logged $141,081 in trading volume. While optimism is notable, the decision ultimately depends on the SEC, which has taken a cautious stance on altcoin ETFs.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. CoinCryptoNewz is not responsible for any losses incurred. Readers should do their own research before making financial decisions.
