- Dogecoin maintains its uptrend as RSI breakout targets $0.21 with rising momentum and volume.
- 21Shares files amended S-1 for a spot Dogecoin ETF, signaling growing institutional interest.
- DOGE holds above $0.20 and 25MA support, confirming breakout strength and ongoing accumulation.
Dogecoin is maintaining an uptrend following a quiet breakout, showing steady price recovery after weeks of consolidation. The RSI (inverse head and shoulders pattern) breakout indicates a potential target in the overbought zone. Meanwhile, Dogecoin might reach its previous high of $0.21 as momentum and buying volume continue to increase across exchanges.
Dogecoin Holds Uptrend as RSI Confirms Momentum
According to an observation by Trader Tardigrade, Dogecoin’s 4-hour chart shows a clear breakout from a descending channel pattern. The RSI has formed an inverse head and shoulders structure, breaking through resistance and moving sharply toward the overbought region.
This technical development signals stronger momentum, aligning with price action reclaiming the $0.20 mark. The current movement shows higher lows and steady volume growth, reflecting accumulation within a defined upward channel.
According to data from Coingecko, Dogecoin trades at $0.2003, marking a 3.2% gain over the last 24 hours. The 24-hour range between $0.1924 and $0.2022 confirms controlled volatility and consistent demand. Market capitalization stands at $30.33 billion, supported by a trading volume of $1.95 billion, indicating stable liquidity conditions.
ETF Developments and Exchange Flow Data
The fundamental spotlight remains on 21Shares, which has filed an amended S-1 with the U.S. SEC for a proposed spot Dogecoin ETF. The filing indicates the fund will trade under the ticker TDOG on Nasdaq, tracking the CF Dogecoin-Dollar Settlement Price Index.
This update shows 21Shares preparing for eventual listing despite current regulatory delays. On-chain data from Coinglass recorded $10.9 million in net outflows on October 20, reflecting ongoing withdrawal activity from exchanges. Analysts report that DOGE continues to hold above $0.20 support, maintaining its technical structure after the breakout.
According to analysis prepared by Ether Nasyonal, Dogecoin is holding its 25MA support and has completed a falling channel breakout and retest. The pattern mirrors previous accumulation cycles that preceded price expansions, keeping attention on a potential test of $0.21 resistance.
