🐶 Grayscale Launches $DOGE ETF - but Can It Lift a 7-Month Low?
Grayscale just rolled out its Dogecoin ETF (GDOG) on the New York Stock Exchange - regulated exposure to DOGE without touching a wallet, seed phrase, or your sanity 😅
📍 But here’s the twist: $DOGE is debuting at a 7-month low ($0.1457), sitting below the 20, 50, 100 and 200 EMA. Basically, every moving average is acting like a ceiling right now.
Bloomberg’s Eric Balchunas expects $11M first-day volume, and with XRP’s ETF pulling strong numbers last week, traders are eyeing similar volatility here. ETF launches do attract short bursts of inflows — perfect fuel for memecoin chaos.
📊 Technicals are mixed:
• RSI at 36 (bearish but showing divergence)
• MACD below zero but tightening
• Support at $0.1375
• Breakouts needed at $0.165 → $0.1768 → $0.1840
A clean ETF-driven push above $0.151 could flip momentum and open a path toward $0.20.
Weak volume? Expect DOGE to revisit $0.130 - or worse.
👉 The next sessions decide everything: real demand or just another ETF cameo?
