21Shares Launches $1.5 Million Dogecoin ETF on Nasdaq
- ETF Launch: 21Shares' Dogecoin ETF (TDOG) is set to trade on Nasdaq with an initial capital of $1.5 million, marking a significant milestone in cryptocurrency investments and expected to attract more investor interest in Dogecoin.
- Transparent Management Fees: The ETF has established a management fee of 0.50% per year, which will be paid weekly in Dogecoin, ensuring investors have a clear understanding of the fee structure, thereby enhancing market confidence.
- Strong Institutional Support: Major institutions like BNY Mellon, Anchorage Digital, and Coinbase Custody are involved in the ETF's management and custody, indicating robust institutional backing that may enhance Dogecoin's market acceptance.
- Compliance Assurance: The ETF has received SEC approval and complies with securities law disclosure requirements, being classified as a commodity-based ETP, which enhances transparency and regulatory oversight in Dogecoin transactions, further advancing its legitimacy in financial markets.
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Technical Analysis for DOGE
Technical Sentiment Analysis for Dogecoin (DOGE) As of , Dogecoin (DOGE) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 3 technical signals, shows that 0 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for DOGE stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, DOGE is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Dogecoin (DOGE) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.0457 | 0.0628 | 0.0816 | 0.0988 | 0.117 | 0.135 | 0.153 |
| Fibonacci | 0.0628 | 0.0766 | 0.085 | 0.0988 | 0.112 | 0.121 | 0.135 |
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