Dogecoin Struggles Below Key Support as ETF Hopes Build Momentum

• Dogecoin slips below $0.25 as short-term momentum weakens despite sustained weekly gains and positive network sentiment.
• Institutional accumulation and ongoing ETF discussions may stabilize Dogecoin’s price and support renewed buying momentum.
• The Cardinals Index Node upgrade could enhance Dogecoin’s scalability and attract developers, boosting long-term network utility.

Dogecoin’s price dropped below $0.25 today, signaling renewed selling pressure after a brief recovery earlier this month. The token currently trades at $0.2447, marking an 8.42 percent daily decline, though it remains about six percent higher for the week, according to crypto. news data. The pullback highlights weak short-term momentum as Dogecoin struggles to maintain its recent gains.

Since mid-September, Dogecoin has shown uneven movement, oscillating between support at $0.22 and resistance near $0.26. Each recovery attempt has met sharp selling pressure, pushing the price lower within hours. This repeated rejection suggests that sellers continue to dominate the market, limiting the coin’s ability to sustain upward moves for long.

Institutional Accumulation Offers Market Support

Despite short-term weakness, institutional interest continues to rise. CleanCore Solutions recently confirmed it holds over 710 million DOGE in its corporate treasury and plans to expand its position toward one billion DOGE. Similarly, firms such as Thumzup Media and Bit Origin have disclosed accumulation strategies, reflecting a broader move by institutions seeking diversified exposure to the digital asset space.

Growing speculation around potential U.S. Dogecoin ETFs has also attracted investor attention. The REX-Osprey $DOJE fund is already seeing positive inflows, while applications from Bitwise and Grayscale remain under SEC review. Market participants are closely monitoring ongoing regulatory discussions that could pave the way for broader institutional access to Dogecoin through regulated investment products.

Cardinals Index Node Upgrade to Improve Utility

The upcoming Cardinals Index Node upgrade could further enhance Dogecoin’s network efficiency. The update is expected to streamline node operations, reduce indexing times, and introduce new on-chain features that may expand developer activity. By improving transaction reliability and scalability, the upgrade could strengthen market confidence in Dogecoin’s long-term potential.

Technically, Dogecoin maintains an ascending trend that began in mid-June, supported by higher lows around $0.23. As long as the token holds above this support, the broader uptrend remains intact. However, a break below this level could trigger additional downside toward $0.20 or even $0.18. On the upside, overcoming resistance at $0.29 could open a path toward $0.32 if overall market momentum improves.