Dogecoin (DOGE) has surged 9% amid speculation surrounding a potential ETF filing by Grayscale. The cryptocurrency's price rebounded from the $0.14-$0.15 demand zone, a historically significant support level. Grayscale's recent S-1 and 19b-4 filings for a Dogecoin ETF, with a decision expected on November 24, have bolstered trader optimism.
Technical indicators suggest that if DOGE surpasses $0.21, it could rally towards a target of $0.27. Additionally, the Federal Reserve's October layoff data has increased the likelihood of a rate cut, potentially providing further support for crypto prices.
Dogecoin Surges 9% on ETF Speculation and Technical Support
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