Dogecoin ETFs Will Skyrocket Price To $15, Forecasts Analyst
Following recent filings for a spot Dogecoin ETF in the United States by Bitwise and Rex Shares, cryptocurrency analyst Ali Martinez has provided a technical outlook that suggests Dogecoin (DOGE) could rise to $15. His analysis, detailed on a logarithmic chart from 2017 to 2025, captures a massive upward channel, highlighting DOGE’s potential upward trajectory.
Dogecoin price target is $15
Martinez’s chart depicts a long-term ascending channel in which Dogecoin’s price action is capped by a structure consisting of three parallel trend lines. The lows of these lines have acted as solid support since 2017, helping prices remain stable during sharp declines, especially in early 2019 and into mid-2022. The channel’s midline currently hovers between $0.40 and $0.45, which DOGE has just tested as it recently surged to this level, marking a key inflection point last touched in early 2022.
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The upper limit of the channel is the focus of Martinez’s bullish forecast, which is expected to be well above $10, hitting a high of $15 by the end of 2025. This top trendline is not only a theoretical limit, it has been proven to be bull market top Dogecoin price increased twice, once in January 2018 and again in May 2021. Dogecoin even broke out of this channel significantly during its last all-time high in May 2021.
Martinez’s prediction highlights the spot Dogecoin ETF as a potential market catalyst. He said the approval and launch of such financial products could bring in new institutional and retail investments for DOGE, driving its valuation higher.
From a trading perspective, DOGE’s current position below the midline is critical. Historically, this price level has served as a springboard to the upside when there is sustained buying pressure. If DOGE holds above this area, a path to higher resistance could emerge Levels are around $1.00and the upper level of the channel could be closer to $15, which seems technically feasible.
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It is worth noting that according to Bloomberg ETF expert Eric Balchunas, the spot Doge ETF may be listed as early as April. Bitwise officially submitted its application to register a Dogecoin ETF on Wednesday.
The company submitted a proposal called the “Bitwise Dogecoin ETF” to the Delaware Division of Corporations, which is part of the U.S. Department of State. Although such registrations can sometimes be misleading, Balchunas Confirmed via BlackRock XRP that time)”.
Registering in Delaware is the first step in formally filing an ETF with the U.S. Securities and Exchange Commission (SEC). The registration process establishes the legal structure governing the proposed ETF but does not constitute a direct application for SEC approval.
The move follows earlier filings from investment firms Rex Shares and Osprey Funds, which have also submitted applications for multiple cryptocurrency ETFs, including one focused on Dogecoin.
At press time, DOGE was trading at $0.34.
Featured image created using DALL.E, chart from TradingView.com
