Dogecoin to Skyrocket? DOGE Price Eyes $0.165 as ETF Filing Fuels Massive Hype!

Officially entering the race to introduce a spot Dogecoin ETF in the United States, 21Shares filed with the Securities and Exchange Commission on April 9. House of Doge, the corporate sponsor of the Dogecoin Foundation, would back the suggested ETF tracking the DOGE price. Coinbase Custody will act as a custodian even if the filing still lacks a ticker, fee, or exchange listing. This move places DOGE at the forefront of potential cryptocurrency ETFs among the increasing number of altcoins targeted by issuers amid renewed ETF enthusiasm.

DOGE ETF Details and Industry Outlook

Following related actions by Bitwise and Grayscale, the 21Shares Dogecoin ETF filing shows increasing institutional interest in meme coins. Initially introduced in 2013 as a joke, DOGE now ranks as one of the top 10 digital currencies by market capitalization. Approved, this first US-based ETF offering direct exposure to DOGE would signal the case. The SEC filing is just the first step; 21Shares still needs to submit a 19b-4 form to start the formal approval process. This move isn’t limited to U.S. markets. 

On the same day, 21Shares announced that a fully backed Dogecoin ETP would launch on Switzerland’s SIX Swiss Exchange under the ticker “DOGE,” in partnership with House of Doge. The ETP carries a 2.5% fee and gives European investors a regulated entry point into the Dogecoin ecosystem. With both U.S. and European products now in motion, the firm is betting that DOGE’s next chapter will be written in memes and the regulated financial markets. Let’s take a look at the Doge price prediction to see how this development impacts the price of Doge.

Doge Price Prediction for April 10, 2025

The 15-minute chart of DOGE/USDT reveals a notable short-term reversal pattern. After dipping to a strong support zone near $0.141, the Doge price rebounded sharply, rallying toward the $0.164 resistance area. However, the price was rejected at that upper resistance and is now pulling back, currently trading around $0.1545. The Relative Strength Index (RSI) peaked in the overbought zone and has since dropped to 33.84, approaching oversold territory, which may attract short-term buyers if support holds.

Chart 1: Analysed by vallijat007, published on TradingView, April 10, 2025

The MACD confirms bearish momentum building, with a recent bearish crossover and red histogram bars suggesting downside continuation unless bulls step in. If $0.152 fails to hold, DOGE could revisit the $0.144–$0.141 support zone. Conversely, a bounce above $0.156 with volume could signal another attempt at the $0.160–$0.164 range. Overall, Dogecoin remains in a corrective phase after a strong pump, with RSI and MACD favoring caution. Traders will be watching closely for signs of stabilization or deeper correction toward support.

Dogecoin ETF Hype Meets Technical Uncertainty for DOGE

While the 21Shares ETF filing marks a major milestone in the Dogecoin ecosystem’s journey toward institutional adoption, short-term price action tells a different story. DOGE remains in a cooling phase after recent gains, with technical indicators pointing to caution. Still, growing regulatory interest and global ETF momentum suggest DOGE is evolving beyond its meme origins. If support holds and ETF optimism continues to build, Dogecoin could be positioned for its next big move, this time in the mainstream investment world.