Dogecoin Plunges 9.3% Despite ETF Hype: Where Does DOGE Go From Here?

ETF listing fails to stop the bleeding as Dogecoin defies conventional wisdom.

The Price Paradox

Traditional finance logic suggests ETF approval should spark rallies. Dogecoin just flipped that script with a 9.3% drop post-listing. The meme coin continues dancing to its own erratic rhythm while Wall Street tries to apply textbook analysis.

Market Mechanics Exposed

Buy-the-rumor, sell-the-news patterns hit hard as early investors cashed out despite institutional validation. Trading volumes spiked but couldn't overcome selling pressure—proof that even ETF credentials struggle against meme coin volatility.

Technical Breakdown

Key support levels crumbled as the 9.3% decline triggered stop losses across exchanges. The charts now show Dogecoin testing waters where only true believers dare swim.

What's Next for the Dog?

Will fundamentals finally matter for a coin born from jokes? Or will Elon Musk's next tweet override all technical analysis? Sometimes the market's just a casino with better math—and today Dogecoin reminded everyone which game they're playing.

Will an ETF Lisitng Rescue Dogecoin’s Price?

21Shares’ spot Dogecoin (DOGE) ETF was listed on the DTCC (Depository Trust & Clearing Corporation) under the ticker $TDOG. The listing may have helped cushion some of the bearish market elements for DOGE. However, despite the listing, DOGE’s price is still down by a whopping 9.3% over the last week.

JUST IN: 21Shares' Spot dogecoin ETF has been listed on the DTCC under ticker $TDOG pic.twitter.com/0hhl7SuHOf

ETFs have become a central element for the crypto market over the last year. The US SEC made history last year when it approved 11 spot Bitcoin (BTC) ETFs and eight Ethereum (ETH) ETFs. Both assets have seen massive price movements after the ETF approvals, especially over the last few months. Both BTC and ETH have hit new all-time highs this year. Dogecoin (DOGE) could experience a similar fate with its ETF.

The latest market dip is likely due to uncertainties around the Federal Reserve’s monetary policy. The correction also came after a brief rally following a 25 basis point interest rate cut. There is a high chance that the Federal Reserve will announce another interest rate in October. Dogecoin’s (DOGE) price could see a recovery if interest rates are lowered further.

Moreover, historically, October has been a bullish month for the crypto market. Bitcoin (BTC) could rebound over the coming days. A BTC rally could trigger a market-wide rally. Dogecoin (DOGE) will likely follow BTC’s trajectory, whichever way it may go.