Dogecoin (DOGE) poised for strongest week since March despite lack of $0 ETF backing in US
April 25, 2026
Dogecoin, commonly known as $DOGE, is experiencing a surge of optimism that has not been seen in quite some time. Over the past seven days, the cryptocurrency has shown a growth rate of 5.10%, which is the most stable performance it has exhibited since March. Interestingly, this growth is happening despite the lack of activity in institutional instruments, particularly Dogecoin ETFs in the United States.
Looking at the TradingView chart, it is evident that Dogecoin has found temporary support around the $0.095 mark. While it is still trading below the crucial resistance level of the 200-week moving average at $0.136, the current price action suggests that a local bottom is forming. Surprisingly, there has been no movement in spot Dogecoin ETFs, with total assets under management (AUM) holding steady at $11.19 million since April 14, according to data from SoSoValue.
One might wonder why Dogecoin is rising even though there is no activity in spot ETFs. The uniqueness of Dogecoin lies in its ability to attract retail investors and speculative interest, particularly surrounding its integration into various platforms like XMoney and XChat within the X ecosystem. This recent growth can be seen as a tentative step towards recovery, with the ultimate goal being to reach the $0.136 level, where the 200-week moving average is situated.
Despite the lack of institutional support, the fact that Dogecoin is able to rise demonstrates that there is still an underlying optimism among its followers. This mirrors a similar pattern observed last year, where Dogecoin prices surged by 65% in the weeks following April 20. By holding above $0.095 until the weekly close, Dogecoin could build a strong foundation for further upward movement in May.
In conclusion, the current surge in Dogecoin’s price, despite the absence of activity in spot ETFs, showcases the coin’s resilience and unique position in the market. While the journey back to the $0.136 level may be long, the coin’s ability to maintain its value and attract investors demonstrates that there is still a pulse in the Dogecoin market. Its ability to thrive without the support of institutional players highlights the community-driven nature of Dogecoin and instills a sense of hope for its future growth and development.
