DOGE jumps 10%; Dogecoin ETF launch date announced on US stock exchange

Dogecoin (DOGE) has gained more than 9% in the past 24 hours, reaching above $0.18. The rise comes amid improving market sentiment and hopes that Bitwise will launch a spot ETF for the cryptocurrency in late November.

Bitwise has reportedly amended its Form S-1 for the first US spot Dogecoin ETF for the fourth time, and unless there are objections, it will be automatically approved by November 12. According to the filing, the ETF will be listed on the NYSE Arca under the ticker symbol BWOW and will be held by Coinbase Custody.

Technically, around 11.12 billion DOGE has accumulated around the $0.20 level, and this area is considered a serious resistance on the upside. If the price can consolidate above $0.18, a move to $0.22-$0.25 is possible; otherwise, a pullback to the $0.16 support area is likely.

Meanwhile, technical indicators indicate an upward trend: the bullish MACD crossover and the increasing slope of the Relative Strength Index (RSI) curve confirm increased buying.