Dogecoin (DOGE) is back in the spotlight after a week of explosive 
developments that have shifted market sentiment firmly into bullish territory. 
Related Reading: Bitcoin’s November Crash To Continue If This Level Isn’t 
Reclaimed, Analyst Warns The launch of Grayscale’s Dogecoin ETF, along with 
rising on-chain activity and renewed retail enthusiasm, has combined to push 
DOGE into a breakout zone that analysts say could define its next major trend. 
As the broader crypto market remains volatile, Dogecoin is proving once again 
that its unique blend of cultural appeal and market structure can create 
outsized momentum. DOGE&#8217;s price trends to the downside on the daily chart. 
Source: DOGEUSD on Tradingview Grayscale’s GDOG ETF Ignites Fresh 
Institutional Demand The biggest catalyst of the week is the debut of 
Grayscale’s GDOG, the first U.S. spot Dogecoin ETF, an unprecedented milestone 
for any memecoin. Listed on NYSE Arca with a temporary 0% fee for the first $1 
billion in assets, GDOG offers regulated exposure to DOGE without the need for 
wallets or direct custody. Early inflows have already surpassed expectations, 
signaling significant institutional interest ahead of fierce competition from 
Bitwise, which is launching its own Dogecoin ETF, BWOW, later in the week. The 
ETF arrival comes as Dogecoin maintains its position among the top 10 cryptos, 
boasting billions in daily trading volume and a market capitalization rivaling 
that of established traditional companies. Analysts note that ETF access could 
unlock new capital from retirement accounts, advisory firms, and institutions 
that have been previously restricted from buying the asset directly, 
potentially reshaping DOGE’s liquidity profile. Dogecoin Price Momentum Builds 
as On-Chain Activity Surges DOGE’s price climbed over 2% to trade around 
$0.15, breaking short-term resistance as volumes exceeded $1.5 billion. On- 
chain data shows more than 1.5 million daily transactions, reflecting 
heightened network usage driven by low fees and rapid confirmation speeds. 
Technical indicators also reinforce the bullish turn, as the RSI has rebounded 
from oversold territory, while support at the $0.13 zone remains intact. 
Market watchers say a move toward $0.18 is possible if ETF inflows remain 
strong. The long-monitored $0.17–$0.16 support cluster remains the key 
downside zone that bulls must defend to maintain control. Memecoin Era 
Strengthens as DOGE Enters Regulated Finance Dogecoin’s ETF debut is more than 
a market event. It’s a cultural benchmark that cements the evolution of 
memecoins from online jokes to regulated financial instruments. With Grayscale 
securing first-mover advantage and Bitwise close behind, Wall Street has 
formally opened the door to a new class of assets powered by community 
identity rather than traditional fundamentals. Related Reading: Is Bitcoin Yet 
To Top In This Cycle? What aSOPR Suggests As ecosystem upgrades continue, 
ranging from payment integrations to emerging DeFi utilities, Dogecoin’s 
breakout moment suggests that the memecoin market is entering a new chapter. 
With on-chain strength rising and institutional access expanding, DOGE may be 
preparing for a major run once again. Cover image from ChatGPT, DOGEUSD chart 
from Tradingview

DOGE Turns Bullish: Fresh ETF Listing and Rising On-Chain Activity Triggers Dogecoin Breakout

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Bitcoin is struggling to reclaim the $90,000 level as selling pressure 
continues to dominate across the crypto market. The sharp decline from the 
all-time high has fueled growing speculation that the current cycle may have 
already peaked, with many analysts now calling for the beginning of a bear 
market. Sentiment has shifted rapidly, and fear is spreading as traders 
question whether the bullish structure has been permanently broken. Related 
Reading: Bitmine Scoops Up Another 28,625 Ethereum ($82.1M) as Market Bleeds – 
Details However, not everyone agrees with the bearish outlook. A segment of 
market participants still expects a rebound, arguing that the correction is 
part of a broader continuation pattern rather than the end of the cycle. These 
optimistic observers believe that higher prices could still unfold once 
selling exhaustion sets in. According to top analyst Darkfost, the recent 
price action reflects a notable behavioral shift in traders. He explains that 
investors who attempted to long the market throughout the correction have 
finally been squeezed out. Funding rates, which had remained elevated during 
the decline, have now cooled and even turned negative — a strong signal that 
sentiment has flipped. Darkfost notes that traders waited for Bitcoin to 
correct more than 30% before shifting aggressively into short positions, 
highlighting a delayed reaction that often appears near market inflection 
points. Funding Rates Flip Negative as Short Dominance Takes Over Darkfost 
explains that the latest shift in funding rates is more meaningful than it 
appears on the surface. He notes that traders often assume the neutral funding 
level is 0%, but that is not the case. Most exchanges — including Binance — 
embed an interest component of roughly 0.01% into the funding calculation. 
This means that when funding drops below 0.01%, it already reflects short-side 
dominance. Therefore, when funding turns negative, it signals an even stronger 
tilt toward aggressive short positioning. According to Darkfost, this marks a 
clear behavioral change among derivatives traders, suggesting that the market 
has transitioned from forced long unwinds to conviction-based short exposure. 
Historically, these shifts tend to occur only once a correction is already 
deep into its progression. Darkfost highlights that such funding transitions 
often reflect trader capitulation — where participants who fought the 
downtrend finally flip and attempt to follow momentum, but only after most of 
the move has already unfolded. This phenomenon has appeared in previous cycle 
retracements and has frequently coincided with late-stage bottoms. He adds 
that Bitcoin may now be entering a disbelief phase, where price begins 
climbing while shorts continue to pile in. If this dynamic persists, it could 
act as fuel for an upside reversal, especially if spot demand wakes up and 
liquidations pressure the short side instead. Related Reading: 63K Bitcoin 
Exits Long-Term Wallets: A Surge of Speculative Short-Term Buying BTC Price 
Testing Short-Term Supply Bitcoin is attempting to stabilize after a sharp 
decline, with the chart showing price currently trading around $87,000 
following a rebound from the recent plunge near $80,000. The downtrend remains 
clearly defined, as BTC continues to trade below the 50-day, 100-day, and 
200-day moving averages, signaling persistent bearish momentum. The slope of 
these moving averages has turned downward, reinforcing the shift in trend 
structure. Despite the bounce, the recovery lacks strong volume support, which 
suggests that buyers have not yet returned with conviction. Related Reading: 
STH Panic Emerges as Bitcoin Crashes To $81K: Realized P/L Turns Negative For 
The First Time This Cycle The chart shows that previous support levels around 
$95,000 and $100,000 have now become resistance areas, making them key levels 
to watch for any attempted recovery. A failure to reclaim these zones could 
trigger renewed selling pressure and a retest of the recent lows. However, the 
wick below $80,000 indicates aggressive buying at the lows, which could signal 
that a short-term bottom is forming if buyers continue to defend higher lows 
in the coming days. Market sentiment remains fragile, yet the stabilization 
above $85,000 hints at a potential consolidation phase rather than immediate 
continuation of the decline. A sustained move above the 100-day moving average 
would be the first meaningful signal of regained bullish momentum. Featured 
image from ChatGPT, chart from TradingView.com

Cryptocurrency price in VND