Key Insights
- Grayscale Dogecoin ETF (GDOG) is scheduled to launch on the NYSE on Monday.
- DOGE price slipped below the $0.14 support amid a broader crypto market selloff.
- Analyst hints at Dogecoin price decline to as low as $0.07, citing technical signal.
The optimism over the upcoming launch of the Dogecoin ETF gained traction from market participants, especially as the altcoin ETF market heats up.
This comes as the broader crypto market recorded heavy losses since yesterday, wiping off nearly $280 billion in the past two days.
DOGE price was not an exception, which has also recorded a significant retreat amid the broader market selloff.
However, despite the recent slump, the crypto has maintained its support above the $0.13 mark.
Amid this scenario, a renowned analyst hinted at a potential risk for Dogecoin price crash below the $0.10 mark or even lower.
He also noted that DOGE must reclaim a key support level ahead to avoid such a fall.
Considering that, the investors are evaluating whether the institutions can come to the rescue of the leading meme coin.
For context, the Dogecoin ETF launch on Monday might boost the meme coin’s appeal among traders, which in turn could help in a strong recovery for the asset.
Dogecoin ETF Launch Steals Market Spotlight
The crypto market has recently been taken by storm as the Grayscale Dogecoin ETF, under the ticker GDOG, gears up for launch on the New York Stock Exchange (NYSE).
The launch is scheduled for Monday, November 24.
Meanwhile, Bloomberg ETF analyst Eric Balchunas confirmed the news, highlighting the growing institutional interest in altcoin-focused funds. He also noted that Grayscale is launching the XRP ETF on Monday and the Grayscale Chainlink Trust (GLNK) is “coming soon.”
This development comes on the heels of 21Shares’ 2X Long Dogecoin ETF securing listing approval on Nasdaq under the ticker “TXXD”.
The new fund aims to provide leveraged exposure to Dogecoin, offering investors twice the daily performance of the meme coin, minus fees and expenses.
The launch of the Dogecoin ETF is part of a broader trend, with institutions increasingly betting on altcoin-focused funds.
Alongside DOGE, XRP, SOL, Chainlink, and other altcoins are also seeing significant interest, with ETFs in the pipeline.
DOGE Price Slips, More Dip Ahead?
Despite the Dogecoin ETF hype, DOGE price has continued to stay in the negative territory. The market experts have cited the latest dip in the meme coin’s price to the broader crypto market retreat this week.
Besides, the market cap of the broader meme coin space was down nearly 3% to $38.42 billion at the time of writing.
However, Dogecoin price traded near the flatline at $0.1383, with its trading volume falling 19% to $2.85 billion.
The crypto has touched a 24-hour high and low of $0.1431 and $0.1341, respectively. Meanwhile, as the support at $0.14 failed, a renowned analyst has fueled speculations over a further fall in the meme coin price.
For context, in a recent X post, analyst Ali Martinez said that if DOGE price fails to reclaim the $0.14 mark, it could slip to as low as $0.07.
Having said that, investors are keeping close track of Dogecoin’s recent performance, especially with the soaring hype of the upcoming ETF launch.
Source: https://www.thecoinrepublic.com/2025/11/22/dogecoin-etf-launch-to-help-avoid-a-doge-price-crash-to-0-7/
