- Dogecoin price today holds near $0.201, with buyers defending $0.18 support while resistance remains capped at $0.25.
- 21Shares has filed an amended S-1 with the SEC for a spot Dogecoin ETF under the ticker TDOG on Nasdaq.
- Exchange data shows $10.9M in outflows on October 20, reflecting weak spot demand despite ETF optimism.
Dogecoin price today trades near $0.201, holding just above key support after bouncing from a sharp dip earlier this month. The memecoin remains locked inside a long-term symmetrical triangle, with buyers defending the $0.18 zone while resistance looms near $0.25. The focus now shifts to the U.S. Securities and Exchange Commission (SEC), where 21Shares has filed an amended S-1 for its spot Dogecoin ETF.
Buyers Hold The Line At $0.18
Dogecoin price action has been choppy in October, sliding under its short-term moving averages before staging a modest recovery. The daily chart shows DOGE respecting a broad symmetrical triangle structure that has guided price for nearly a year.
The $0.18–$0.19 area has been a reliable floor, attracting accumulation whenever the market tests it. On the upside, the $0.22–$0.23 zone coincides with the 50-day EMA and remains the immediate barrier to clear. The broader resistance comes at $0.25, where the Supertrend indicator continues to reject rallies.
Related: Bittensor Price Prediction: TAO Targets $500 as Bullish Momentum Builds
Analysts note that Dogecoin price volatility is compressing, and any breakout from this triangle could set the tone for the next quarter. For now, $0.20 acts as the battleground between cautious sellers and opportunistic buyers.
21Shares Amends S-1 For Dogecoin ETF
The fundamental spotlight is on 21Shares, which has filed an amended S-1 with the SEC for its proposed spot Dogecoin ETF. The updated document confirms that the fund will trade under the ticker TDOG on Nasdaq, tracking the CF Dogecoin-Dollar Settlement Price Index.
This filing signals that 21Shares is finalizing preparations even as the SEC’s timeline remains uncertain. The regulator has delayed multiple decisions due to the prolonged U.S. government shutdown, leaving several crypto ETFs in limbo. A positive ruling on TDOG would mark the first spot Dogecoin ETF, giving the memecoin unprecedented legitimacy in regulated markets.
While approval is not guaranteed, the amended filing underscores industry confidence that Dogecoin could soon join Bitcoin and Ethereum in the ETF landscape. Market watchers believe even the anticipation of such a decision is influencing sentiment around DOGE price today.
Exchange Flows Show Persistent Outflows
On-chain data highlights a challenging backdrop for bulls. According to Coinglass, Dogecoin recorded $10.9 million in net outflows on October 20, continuing a trend of steady withdrawals from exchanges. Heavy outflow activity has dominated since mid-year, with multiple days showing losses exceeding $50 million.
While outflows can sometimes suggest tokens are moving to cold storage, analysts caution that in Dogecoin’s case, the persistent pattern reflects reduced spot demand and potential distribution from larger holders. For DOGE to stage a sustained rally, flows would need to flip positive and stay consistent, similar to trends seen in Bitcoin and Ethereum when ETF speculation intensified.
Related: Ethereum Price Prediction: UK ETP Launch Sparks Optimism With Bulls Eyeing $4,500
This divergence between ETF optimism and weak on-chain flows has left traders cautious, with price stuck in rangebound trading.
Technical Outlook: Breakout Or Breakdown Ahead
From a chart perspective, the Dogecoin price prediction depends on whether DOGE can reclaim $0.22. A breakout above this level would expose $0.25, and clearing that barrier could drive momentum toward $0.28 and $0.30.
On the downside, $0.20 is immediate support, with $0.18 as the critical level. A close below $0.18 would confirm a breakdown from the symmetrical triangle, opening risk toward $0.15 and possibly $0.12.
EMAs remain compressed, with the 50-day near $0.226 and the 100-day around $0.224. Until these levels are reclaimed, Dogecoin’s structure remains defensive.
Outlook: Will Dogecoin Go Up?
Dogecoin’s outlook for October 21 hinges on both technical and regulatory developments. The amended 21Shares S-1 filing for a spot ETF adds a powerful narrative, but without confirmation from the SEC, sentiment may remain subdued.
A breakout above $0.22 would be the first signal of renewed momentum, likely supported by stronger flows. Conversely, losing the $0.18 floor would shift the bias bearish, targeting deeper downside levels.
For now, the Dogecoin price action is caught between ETF-driven optimism and persistent exchange outflows. Traders will be watching closely whether the regulatory milestone can finally ignite the next decisive move in DOGE.
Related: Solana Price Prediction: Traders Eye Key Breakout as Market Stabilizes
Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.
