Dogecoin is currently priced at around $0.137, down 0.93% in the last 24 hours. Despite this small decline, the price has been stable during recent market changes. Trading volume for Dogecoin has increased significantly, rising 73.68% to $1.34 billion over the past day. The price is currently stuck between $0.135 and $0.142.
Market participants appear focused on whether recent regulatory developments can translate into sustained demand. The primary driver remains the launch of a third U.S. spot Dogecoin ETF, which has so far failed to materially shift price direction.
DOGE ETF Approval Expands Access but Fails to Attract Capital
The U.S. Securities and Exchange Commission approved 21Shares’ spot Dogecoin ETF, branded TDOG, on Jan. 12, allowing it to list on Nasdaq and join existing products from Grayscale (GDOG) and Bitwise (BWOW), with trading expected to begin this week.
The fund will be physically backed, holding Dogecoin directly and tracking the CF Dogecoin-Dollar US Settlement Price Index, providing investors with regulated exposure without derivatives or leverage.
Despite the symbolic milestone, existing DOGE ETF inflow data shows limited traction. SoSoValue data indicates total net assets across Dogecoin ETFs stand at $10.16 million, representing just 0.04% of Dogecoin’s market capitalization. Cumulative net inflows since launch total roughly $7 million, sharply lagging XRP ETFs, which have attracted $1.22 billion over the same period.
Meanwhile, the TDOG ETF’s 0.50% management fee is higher than that of many Bitcoin ETFs and could dampen widespread adoption of the new product. Thus, regulatory approval would be viewed more as a long-term credibility score rather than an immediate price catalyst.
DOGE Price Analysis: Momentum Indicators Paint Mixed Picture
Dogecoin price is down 0.93% in the last 24 hours, leaving it flat amid short-term market fluctuations. However, trading volume for Dogecoin has increased, with 24-hour volume up 73.68% to $1.34 billion, while the spot price remains around $0.137.
Below the resistance near $0.14, short-term advances remain capped, but above the rising intraday support, the short-term trend structure remains intact. The alignment between a neutral RSI and flat price action suggests balance rather than accumulation. Until ETF flow data shows improvement or price decisively clears resistance, DOGE is likely to remain in consolidation mode.
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