- Dogecoin’s weekly chart shows an ascending broadening wedge, with historical rallies suggesting expansion from $0.22 to $0.48 and a projected $1.40.
- The pattern indicates higher highs and higher lows, creating expanding volatility zones that strengthen Dogecoin’s bullish outlook toward a potential new all-time high.
- Grayscale’s updated S-1 filing for a Dogecoin ETF under ticker $GDOG signals institutional adoption, with regulatory decisions expected in October 2025.
Dogecoin (DOGE) is drawing fresh market attention as technical analysis and institutional developments converge, positioning the asset for a potential breakout.
Technical Structure Points to Higher Levels
Trader Tardigrade outlined on X that Dogecoin’s weekly chart is shaping an Ascending Broadening Wedge. This pattern often signals bullish continuation, thriving on volatility and expansion. DOGE is currently testing the wedge’s lower trendline after bouncing off prior support.
Historical performance within this structure has been notable. The first expansion took DOGE from $0.22 to $0.48, recording a 120% increase. According to the projection, the next leg could drive the asset toward $1.40, suggesting a 190% surge.
The projection also maps oscillating waves inside the wedge, where each retracement is followed by a stronger upward move. This setup reflects increasing demand, with higher lows forming alongside broader price swings. Market observers view a breakout above the wedge midrange as the crucial trigger for a parabolic rise.
Momentum Building Toward $1.40 Target
The wedge formation provides DOGE with space for more volatile moves as it develops. Analysts argue that such widening patterns leave room for amplified rallies when momentum aligns with strong demand. Each successive push higher strengthens the outlook for continuation.
The purple projection shared by Trader Tardigrade illustrates how DOGE tends to swing within the broadening channel. Despite cooling periods, price consistently maintains a trajectory of higher highs and higher lows. The pattern suggests strengthening structural support for larger moves.
A breakout toward $1.40 would represent a new all-time high for Dogecoin. At that point, market participants anticipate strong selling pressure near the wedge’s upper boundary. Still, just reaching such levels would confirm a powerful bullish structure and potentially reposition DOGE as a leading asset.
Grayscale’s ETF Filing Adds Institutional Weight
Supporting the technical outlook, Grayscale has filed an updated S-1 with the U.S. Securities and Exchange Commission. Shared by @ZeroXGhost0, the filing seeks approval for a Dogecoin Trust ETF under the ticker $GDOG on NYSE Arca.
The product would directly hold DOGE, giving investors access to spot prices minus fees. Coinbase Custody is set to manage the trust’s assets, adding institutional-grade security to the offering. This filing follows Grayscale’s earlier 19b-4 submission, advancing the process toward a regulated Dogecoin ETF.
Analysts note that October 2025 is shaping as an important month for regulatory decisions. Approval could attract new liquidity and broaden participation from institutional investors. The combined technical setup and ETF progress place Dogecoin in a central position as markets approach the final quarter of the year.
