• The Dogecoin ETF filing by Bitwise could make it the first-ever meme coin ETF, opening doors for institutional exposure.
• Analysts believe a Dogecoin ETF could ignite the next AltSeason, where altcoins outperform Bitcoin.
• The token may aim for $4 in the coming year, as rising investor confidence gives the meme‑coin fresh momentum.

Dogecoin (DOGE) continues its resilience, showing a bearish-to-bullish setup in recent trading sessions. The token has risen by approximately 1.85% over the past 24 hours, signaling growing investor confidence and renewed market activity.

At the time of writing, DOGE is trading at $0.1669, boasting a market capitalization of $25.17 billion. Despite a 7.68% decline in 24-hour trading volume, now at $1.87 billion, the coin’s price trajectory remains positive, reflecting sustained interest from traders and long-term holders.

Source: CoinMarketCap

Bitwise’s Dogecoin ETF Could Trigger the Next AltSeason

A prominent crypto analyst, Money Ape, revealed that Bitwise Asset Management has officially filed for a spot Dogecoin (DOGE) ETF, marking a potential milestone for the crypto industry. Analysts suggest the SEC could grant approval within 20 days, following recent in-kind redemption amendments that indicate progress. If approved, this would be the first meme-coin ETF, opening doors for institutional DOGE exposure.

Source: X

The move has ignited market excitement, with traders calling DOGE the signal for AltSeason, a phase where altcoins outperform Bitcoin. Historically, DOGE’s surges have preceded wider alt rallies, making it a key sentiment driver. A spot DOGE ETF could thus not only validate meme coins but also spark the next major altcoin cycle.

Also Read: Dogecoin’s (DOGE) Slow Erosion: 40% Plunge Sparks Investor Fear

DOGE Technicals Indicate Increasing Selling Pressure

From the technical perspective, Dogecoin (DOGE) is currently below the mid-level of the Bollinger Band indicator, pegged at $0.219. This indicates the bearish pressure that has remained consistent in the Dogecoin market. The Bollinger Band levels are set between $0.284 on the higher side and $0.154 on the lower side.

Source: TradingView

The RSI indicator is below the 50 level at 41.71, indicating weak momentum and strong bearish dominance, which is likely to be sustained in the shorter period. The MACD indicator line is also below the signal line, close to the zero levels, indicating strong periods of inherent stability with weak bearish momentum.

DOGE Poised for Explosive Growth With $4 in Sight

Moreover, the crypto analyst, Hailey LUNC, highlighted that Dogecoin is one of those currencies that manages to surprise everyone with its resilience, staying one of the most legendary tokens in the market, even with its current price of just $0.16, offering great value to many traders who believe that the time for its big breakthrough is yet to come.

Source: X

Analysts speculate about the possible spike that could push Dogecoin to go beyond the estimated target of $4 by the end of the upcoming year. However, until then, Dogecoin’s revival is merely a matter of time, and those who are closely following its journey could be on the cusp of an even more interesting tale with Dogecoin.

Also Read: Dogecoin Price Shows Early Signs of Rebound Toward $0.17