Dogecoin (DOGE) has surged dramatically, rebounding 105% from a recent low of $0.10 to trade around $0.21, recovering from one of the year's harshest crypto sell-offs that saw over $364 million in market liquidations.
The recovery is driven by multiple catalysts, including the announcement that House of Doge, the corporate arm of the Dogecoin Foundation, plans to list on Nasdaq through a $50 million merger with Brag House Holdings. This deal, backed by substantial investment, marks Dogecoin's first major step into mainstream finance and aims to link crypto with sectors like gaming and college sports. House of Doge holds 837 million DOGE in its ecosystem and will trade under the ticker TBH post-merger.
Simultaneously, the SEC is reviewing several Dogecoin ETF applications from firms like 21Shares, Bitwise, and Grayscale, with approvals expected in the coming weeks. A recently launched DOGE ETF, DOJE, has already attracted $30 million in inflows despite a 1.5% expense ratio, signaling strong institutional demand.
Technically, DOGE has formed bullish hammer and morning star patterns on the daily chart, indicating a potential reversal. Analysts now target $0.25 as the next key resistance, with $0.17 serving as near-term support. Veteran trader Trader Tardigrade highlighted that historical patterns from Dogecoin's 2014-2017 cycle, which ended in a parabolic rally, are repeating, suggesting long-term potential for prices to reach $1.00 or higher by 2026.
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