Dogecoin Rebounds as ETF Momentum Builds and Traders Spot a Double Bottom

The move comes after a strong 24-hour rebound driven by renewed ETF anticipation and improving technical signals on the charts. The latest four-hour data shows DOGE attempting to establish a short-term floor, with momentum indicators such as the RSI and MACD turning upward from recent lows.

Market participation is also picking up, with trading volume rising sharply as buyers step back in following a volatile stretch. DOGE’s market cap remains above $22 billion, supported by more than $1.7 billion in 24-hour trading activity.

21Shares Finalizes Key Details in Updated Dogecoin ETF Filing

The biggest fundamental catalyst continues to be progress on the upcoming spot Dogecoin ETFs in the United States. According to a new SEC filing, 21Shares has submitted its fifth amended S-1, confirming a 0.50% management fee that will accrue daily and be paid weekly in Dogecoin. The filing also keeps the delaying amendment in place while the issuer prepares for its Section 8(a) effectiveness, the final step before trading can begin.

The ETF will list on Nasdaq under the ticker TDOG, tracking the CF Dogecoin-Dollar US Settlement Price Index. The document also outlines the fund’s full structure:
Bank of New York Mellon will act as administrator, cash custodian, and transfer agent, while Anchorage Digital Bank and BitGo will serve as additional custodians.

Wilmington Trust NA will act as trustee, with Foreside Global Services handling marketing and Cohen & Company responsible for accounting. The issuer previously revealed that $1.5 million in seed capital is allocated for DOGE purchases prior to listing.

Double-Bottom Pattern Adds Technical Support

Alongside the ETF progress, traders are closely watching a notable pattern developing on the 12-hour chart.

A widely shared analysis from Trader Tardigrade highlights a clear double-bottom formation, a classic reversal signal that often suggests a recovery phase may be forming. If the pattern confirms, DOGE could see follow-through momentum as buyers look to reclaim previous resistance levels.

With additional Dogecoin ETF launches expected soon from Grayscale (GDOG) and Bitwise (BWOW), sentiment around the largest memecoin is warming again. December is shaping up to be one of the most active months for DOGE in recent years as institutional demand begins to take shape.

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