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Dogecoin Eyes $0.28 Resistance as Grayscale’s ETF Filing Advances; DOGE Down 40% From 2025 Peak

Arslan Butt•Friday, February 14, 2025•2 min read
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The Securities and Exchange Commission (SEC) has formally acknowledged Grayscale’s filing for a spot Dogecoin ETF, marking another potential milestone for the popular memecoin’s mainstream adoption and a significant development for the overall crypto market.

Dogecoin Eyes $0.28 Resistance as Grayscale's ETF Filing Advances; DOGE Down 40% From 2025 Peak
Dogecoin price analysis

SEC Initiates 240-Day Review Period for Grayscale’s $16.1M DOGE Trust Conversion

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Proposing a mechanism whereby authorized participants would handle cash rather than DOGE directly, NYSE Arca filed a 19b-4 application listing Grayscale Dogecoin Trust shares. With Coinbase Custody managing the underlying assets and BNY Mellon handling administrative chores, the trust would track prices using CoinDesk’s DCX index.

The SEC’s admission starts a review process spanning up to 240 days, with the ultimate decision maybe arriving by mid-October 2025. Strong hope for the institutional future of the meme currency is shown by Bloomberg ETF analysts James Seyffart and Eric Balchunas assigning a 75% probability of acceptance before the end of 2025.

Adoption Metrics: Over 2,500 Merchants Now Accept DOGE for Payments

Despite price pressure, Dogecoin’s real-world adoption continues to expand:

  • Major corporate adopters include Dallas Mavericks and AMC
  • Charitable initiatives include well construction in Kenya
  • Currently ranks as 8th largest digital asset by market capitalization
  • Integration with regulated U.S. trading platforms including Coinbase, Kraken, and Crypto.com

DOGE/USD Technical Analysis: Struggles Below Critical $0.28-$0.29 Resistance Zone

DOGE/USD

 

DOGE/USD is currently trading at $0.2561, down 3.32% in the last 24 hours and significantly below its 2025 peak. Technical indicators reveal:

  • RSI hovering at 38, above critical support at 27
  • Bitcoin Bull Market Support Band resistance: $0.282-$0.286
  • Current price sitting 40.4% below the 2025 high of $0.43
  • Immediate resistance zone: $0.27-$0.29
  • Recent low: $0.2117 (January 2025)

Dogecoin Price Prediction

Starting 2025 with a hopeful ascent to $0.43, Dogecoin has dropped significantly, touching lows of $0.2117. Forecasts of a possible price of $0.2203 by February 20, 2025 indicate ongoing pressure in short terms.

On the other hand, Elon Musk’s recent suggestion to transfer U.S. Treasury transactions onto blockchain technology has generated conjecture over possible DOGE blockchain integration and could be a driver of price increase. With over 2,500 stores now accepting DOGE for payments—including big businesses like the Dallas Mavericks and AMC—the popularity of the cryptocurrency keeps growing.

SEC Signals Broader Crypto ETF Acceptance

The changing attitude of the SEC over crypto ETFs, especially under the current government, points to a more flexible legislative environment for digital assets. Simultaneous recognition of several crypto ETF applications—including those for XRP, Litecoin, and Solana—indices this change.

The possible approval of a Dogecoin ETF might mark a major legitimization of the asset that started as a joke in 2013, therefore providing possibilities for more general institutional investment and more widespread acceptance.

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ABOUT THE AUTHOR See More
Arslan Butt
Index & Commodity Analyst
Arslan Butt serves as the Lead Commodities and Indices Analyst, bringing a wealth of expertise to the field. With an MBA in Behavioral Finance and active progress towards a Ph.D., Arslan possesses a deep understanding of market dynamics.His professional journey includes a significant role as a senior analyst at a leading brokerage firm, complementing his extensive experience as a market analyst and day trader. Adept in educating others, Arslan has a commendable track record as an instructor and public speaker.His incisive analyses, particularly within the realms of cryptocurrency and forex markets, are showcased across esteemed financial publications such as ForexCrunch, InsideBitcoins, and EconomyWatch, solidifying his reputation in the financial community.
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