Dogecoin’s correction cools down: Weekly drop of 24%, hovering at $0.2, can ETFs and Nasdaq listings restart the $1 target?

ELON 2025-10-15 12:30 93094人围观 DOGE

Dogecoin price fell by about 4% that day, and has fallen by 24% this week. As of press time, the price fluctuated between $0.20 and $0.21. While the pullback has dented last week's rally, analysts note that as long as key support levels remain intact, the

The price of Dogecoin fell by about 4% that day and has fallen by 24% this week. As of press time, the price fluctuated between US$0.20 and US$0.21.

While the pullback has dented last week’s rally, analysts note that the latest Nasdaq listing and the push from ETFs have the potential to redefine the market narrative and propel Dogecoin back toward its long-term goal of $1, as long as key support levels remain intact.

Nasdaq listing and Dogecoin ETF craze put $1 back on the radar

House of Doge, a new division of the Dogecoin Foundation, plans to go public through a $50 million merger with Brag House Holdings (NASDAQ: TBH).

The new entity will be responsible for managing the ecosystem treasury of 837 million DOGE and promote the integration of Dogecoin in areas such as games, campus sports and digital media, further enhancing the influence of the DOGE brand in mainstream finance and culture.

At the same time, Dogecoin ETFs launched by issuers such as 21Shares, Bitwise and Grayscale have also entered the approval process of the US Securities and Exchange Commission. Despite higher fees, early DOGE products have attracted more than $30 million in funding.

If the low-cost fund is approved, it could create new, regulated demand for DOGE, which has historically been a key catalyst for cryptocurrency liquidity and price discovery.

Key levels: $0.20 support, $0.23-$0.25 and $0.29-$0.30 resistance

Dogecoin’s price action remains within a key equilibrium range. Traders view $0.200 as a key support level, which, if broken, could lead to a further decline to $0.178.

On the upside, initial resistance lies at $0.214 and $0.229, with the broader supply range at $0.241 to $0.254. A daily close above $0.25 could trigger a move higher toward $0.29 to $0.30, with the market watching to see if this area can confirm a breakout.

From a technical perspective, Dogecoin recently formed a hammer/morning star pattern at the lows and momentum has dropped to neutral, which is usually a sign that the market is preparing for the next directional move. For swing traders, $0.18 (support) and $0.25 (resistance) are key failure/continuation lines.

Whales add to holdings as weekly triangle coil forms

During the price drop, on-chain whales accumulated approximately $42 million in Dogecoin, demonstrating investor confidence in Dogecoin as it continued to consolidate within a triangle range on the weekly chart for several months. Judging from historical data, long-term compression in Dogecoin usually heralds the arrival of large-scale expansion.

If Dogecoin decisively breaks through $0.30, this would be consistent with current market patterns and could push the near-term target towards $0.49 and eventually hit the psychological price of $1 in the longer term, especially if the Nasdaq listing progress and ETF approval advance in parallel.
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