Key Highlights:
- Grayscale’s Dogecoin ETF GDOG launches today, November 24, 2025.
- Dogecoin’s $DOGE is up by 2% after the launch was confirmed by Grayscale.
- Technical indicators for DOGE show a rebound from the oversold category.
Grayscale’s Dogecoin ($GDOG) ETF launches today, November 24, 2025, marking the first U.S. spot Dogecoin ETF trading on NYSE Arca. This launch has attracted many institutional and retail investors, as the product is providing a regulated vehicle for exposure to DOGE without direct custody risks. ETF inflows typically drive liquidity and price stability, countering broader crypto market weakness where the total market cap declined by over 7% this week. Early trading volume estimates for $GDOG to hover somewhere around $11 million, indicating strong initial demand.
Grayscale XRP Trust ETF (Ticker: $GXRP) offers investors direct exposure to $XRP. $GXRP starts trading on @NYSE Arca tomorrow. pic.twitter.com/zee3aMbsAx
— Grayscale (@Grayscale) November 24, 2025
Nate Geraci, a well-known ETF expert and the President of The ETF Store, stated that this ETF is the first Dogecoin ETF created under the 1933 Securities Act, which is the framework used for spot crypto ETFs. Even though many people may find this launch to be funny, to him, it is symbolic and very important. It is a reflection of how far the crypto industry has come in the past year, from hesitation to now approving a memecoin ETF. He even commented on Grayscale’s ticker and said that it is one of his favorite ETF tickers.
Launching tomorrow…
Grayscale Dogecoin ETF.
First ‘33 Act doge ETF.
Some (many) might laugh, but I actually view this as a highly symbolic launch.
IMO, best example of *monumental* crypto regulatory shift over past yr.
Btw, GDOG might already be top 10 ticker symbol for me. pic.twitter.com/f3JejjeYe4
— Nate Geraci (@NateGeraci) November 24, 2025
Technical Indicators Signal Short-Term Recovery
With this launch, the $DOGE token had experienced a technical rebound from the oversold condition. This is clearly indicated by the Relative Strength Index (RSI14), as it climbed from 35.89, showing bullish divergence where the price formed a lower low but RSI formed a higher low. The price found solid support at the 78.6% Fibonacci retracement level of $0.15, critical for the recent 2024-2025 rally. Resistance near the 30-day Simple Moving Average (SMA) at $0.1717 remains a key hurdle, however, if this hurdle is broken, there is a possibility that the DOGE’s 24-hour trading volume rose approximately 30% to $1.48 billion, indicating increased buying interest during the short-term recovery.
At press time, the price of the token stands at $0.1460 with an uptick of 1.99% in the last 24 hours as per CoinMarketCap.
Meme Coin Rotation Fuels Dogecoin Momentum
Market seems to have moved towards riskier dog-themed memecoins, whose market cap has gone up by 4%, which beats Bitcoin-linked assets as the Altcoin Season Index climbed 2% intraday. The rotation has received a push from the positive ETF news, strengthening DOGE’s position as the leading memecoin.
On the flip side, whale wallets have sold around 200 million DOGE, which is about $29 million, during the rally, limiting the upside and signalling profit-taking. Overall, the positivity from ETF approval has been balanced by caution shown by the majority of the holders.
What’s Next for Dogecoin?
According to crypto analyst Ali, the TD Sequential buy signal has flashed for DOGE, which is a tool traders use to figure out when a downtrend might be ending. This signal appears after several candles keep closing lower, meaning sellers may be losing strength.
TD Sequential just flashed a buy signal for Dogecoin $DOGE!
The previous one led to a 101.50% rebound. pic.twitter.com/smlsAi7U0w
— Ali (@ali_charts) November 23, 2025
The last time DOGE got this signal, the price jumped more than 100%, so it adds a little more weight now. However, nothing is guaranteed as of now, rising volume, or better RSI before entering, because whale selling or weak market conditions can still act as a barrier for the move. Overall, the signal indicates that the selling phase may be ending, but one should still remain cautious.
Also Read: Grayscale Finalizes Launch Plan for XRP and Dogecoin ETFs on NYSE Arca
