Dogecoin Price Steadies at $0.24 as Spot ETF Listing on DTCC Sparks Investor Buzz

• Dogecoin holds above a long-term ascending trendline near $0.241, with potential continuation toward the $0.30 breakout zone.
  
• 21Shares’ proposed spot Dogecoin ETF secured a DTCC listing under ticker TDOG, awaiting SEC approval.
  
• DOGE futures inflows and ETF progress support accumulation.

Dogecoin is trading steadily near $0.24, with investors closely watching its latest milestone as 21Shares’ proposed spot DOGE ETF appears on DTCC’s roster, fueling speculation over future market direction.

Chart Signals and Technical Structure

Ali, a market analyst, noted on X that Dogecoin is trading at a critical zone before a possible breakout. He highlighted that DOGE is holding support along a long-term ascending trendline that has guided price action since June.

The 12-hour chart shows a correction from a recent swing high near $0.30, with current support forming around $0.241. Dogecoin is holding above the 0.618 Fibonacci retracement level at $0.2289, often seen as the golden pocket for rebounds. 

Sustained support here may allow prices to consolidate between $0.26 and $0.30 in the near term. Market projections suggest accumulation within this range may extend into October before a possible breakout.

Fibonacci extensions project targets at $0.3787, $0.4213, and $0.4926. Analysts note that clearing $0.30 could spark a rally toward $0.50, though losing trendline support risks a sharper drop toward $0.21.

Spot Dogecoin ETF Progress at DTCC

Parallel to the technical setup, 21Shares’ proposed spot Dogecoin ETF has appeared on the Depository Trust & Clearing Corporation (DTCC) website under the ticker TDOG. The DTCC listing is a procedural milestone that allows broker-dealers to begin operational checks for clearing and settlement.

The step does not mean regulatory approval, but it places the ETF in a position similar to those of spot Bitcoin and Ethereum funds before launch. The U.S. Securities and Exchange Commission is still reviewing the 21Shares application, while Nasdaq filed a 19b-4 earlier in April to list the product.

The Trust’s filing outlines a physically backed fund that would hold DOGE against CF Benchmarks’ Dogecoin-Dollar pricing index. The SEC initiated formal proceedings in August, extending the review timeline for Nasdaq’s proposal.

Other issuers have also entered the space. Grayscale filed its own spot Dogecoin ETF proposal in August, one day after the SEC delayed action on 21Shares’ application. Meanwhile, Rex-Osprey introduced a hybrid DOJE ETF earlier this month, which recorded higher-than-expected first-day trading volume.