21Shares Files Sixth Amendment for Proposed Dogecoin ETF Amid Weak Market Demand
- Continued Registration Submissions: 21Shares has filed its sixth amendment to the Dogecoin ETF registration with the SEC, indicating the company's strong commitment to launching the fund despite the lackluster performance of existing DOGE ETFs.
- Management Fee Consistency: The fund maintains a 0.5% management fee and plans to list on Nasdaq under the ticker 'TDOG', yet has not announced any fee waiver strategy to compete with rivals like Grayscale and Bitwise.
- Weak Market Demand: Existing DOGE ETFs have struggled since their launch, with data showing eight consecutive trading days of zero inflows starting December 11, highlighting a lack of investor interest in the asset.
- Uncertain Industry Outlook: Although 21Shares has launched two major cryptocurrency ETFs this year, DOGE has seen a year-to-date decline of over 58%, reflecting a significant gap in demand for meme coin investment products compared to Bitcoin and Ethereum ETFs.
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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 4 technical signals, shows that 1 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 | 0.0455 | 0.0628 | 0.0815 | 0.0987 | 0.117 | 0.135 | 0.153 |
| Fibonacci | 0.0628 | 0.0765 | 0.085 | 0.0987 | 0.112 | 0.121 | 0.135 |
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