Analyst Projects $1.4 as Grayscale Updates ETF Filing

At the time of writing, the Dogecoin price is trading at $0.2286, which is an increase of 3.04% in the last 24 hours. The asset has maintained its recent bullish trend, and continues to trade within its clearly established consolidation phase. The current interest is partly due to the recent update of the ETF filing by Grayscale Investments that has reignited the broader sentiment about the market prospects of Dogecoin. 

Dogecoin Price Forecast Strengthens As Chart Patterns Signal A Breakout

Trader Tardigrade, on X platform, has outlined an increasing broadening wedge on the weekly Dogecoin chart, with a significant upside. The structure is typically made up of consecutive higher highs and higher lows. The past bullish impulses have returned +120% gains between $0.22 and $0.48 and subsequent gains of +190% to the $0.77 level. 

The analyst projects the final target at $1.4 in case the momentum follows this formation. Historical data also depict that the cyclical expansions of Dogecoin in the wedge have gradually increased. Therefore, this supports a fundamentally bullish view. The analysis is more and more shaping expectations about the Dogecoin price prediction 2025.

Dogecoin continues to trade in a noticeable accumulation phase on the daily chart. The phase has been in a range of $0.21 to the downside and $0.30 to the upside since early February. The present price action shows the development of higher lows within this range, showing gradual increase in buying conviction.

A resolute break above $0.25 can trigger a continuation to $0.30, and the bullish trends following it would assume the possibility of retesting $0.50. Relative Strength Index (RSI) is at the moment at the neutral level of 52, which further proves the further accumulation before an upward breakout.

Grayscale’s ETF Update Fuels Institutional Optimism Around Dogecoin

Grayscale Investments has recently filed an updated S-1 with the Securities and Exchange Commission. The institution aim to list its Dogecoin Trust ETF under the $GDOG ticker on NYSE Arca. The trust will be holding DOGE directly. This will provide investors with exposure to the spot market value less management fees. 

Custody duties will be delegated to Coinbase Custody, which is in line with the existing institutional practices. The regulatory milestone is after the 19b-4 filing of the firm on February 13, 2025.  This laid the foundation for the most recent progress. A positive ruling has the potential of increasing liquidity and attracting meaningful institutional engagement. 

The filing also confirms a positive outlook on the future of other vehicles of the same structure as ETFs, such as 21Shares, which had been previously stalled. October 2025 has become a critical decision-making moment that will most likely define the future of Dogecoin price dynamics in both the spot and derivative markets.

In conclusion, the Dogecoin price action is evidently building up positive pressure. The developing institutional narrative provides a significant catalyst. As a result, the technical indicators and the regulatory trends continue to support the current optimism on the possibility of a sustained rally.

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