21Shares announced the launch of its spot Dogecoin ETF on NASDAQ, trading under the ticker TDOG. The product provides 1:1 exposure to Dogecoin through a regulated exchange-traded structure.
The ETF targets investors who prefer traditional brokerage access. This removes the need for crypto wallets and exchanges.
The launch places Dogecoin among top meme coins receiving institutional-grade access. It expands market reach without directly forcing spot demand.
From meme to mainstream.
The 21shares Dogecoin ETF is now available, marking it as the only ETP endorsed by the @DogecoinFdn* and providing a new way to gain physically-backed $DOGE exposure in traditional portfolios.
Why @Dogecoin?
-We believe Dogecoin captures the… https://t.co/XTSyTsP6r8 pic.twitter.com/oQmhxN5lbd
— 21shares US (@21shares_us) January 22, 2026
Price action after the announcement remained subdued. This shows that market structure continues to drive price movement.
The ETF approval circulated before the official launch. Market participants had time to position themselves in advance.
Price did not show impulsive continuation following the news. This supports the idea that accessibility alone does not override existing trend dynamics.
DOGE currently trades at $0.124, sitting just above a well-defined demand zone. The price has stabilized around $0.11734, where buyers have previously stepped in to slow declines.
$Doge/monthly#Dogecoin
pic.twitter.com/rkDcmZiB66
— Trader Tardigrade (@TATrader_Alan) January 23, 2026
The cryptocurrency operates within a descending channel pattern that began in early September. This framework has shaped price action for several months.
A rebound from the demand zone attempted to push higher but stalled at the $0.1566 supply zone. The pullback revealed that sellers remain active at overhead resistance levels.
The price has not maintained acceptance above the 50 EMA at approximately $0.13399. This keeps DOGE in the lower half of the channel and restricts upside potential.
The REX-Osprey DOGE ETF, ticker DOJE, recorded an outflow of $959,955 on January 20. The redemption represents roughly 5.15% of the fund’s $18.62 million in assets under management.
The withdrawal marks one of the larger single-day contractions for the product in recent months. It comes as Dogecoin shows persistent weakness in price.
DOGE-USD currently trades at $0.12686, down 33.86% over the past three months. Short-term technical signals show a sell rating.
Dogecoin $DOGE tends to respect wedge structures, and a breakout from this one could be powerful. pic.twitter.com/aw17nIv1ws
— Ali Charts (@alicharts) January 22, 2026
The outflows suggest some holders are cutting losses or taking remaining gains. Speculative appetite for meme coin exposure appears to be cooling.
If DOGE holds above the 50 EMA near $0.13399, the price could make another attempt at the supply zone. A move above that zone would allow Dogecoin to target the $0.200 level last tested in October.
Failure to hold the $0.11734 support level would keep downside continuation within the channel as the prevailing outcome. The structure presents a clear conditional path forward based on these key levels.
The post Dogecoin (DOGE) Price: 21Shares Launches ETF as Price Tests Key Support Level appeared first on CoinCentral.
Also read: Prélèvement à la source 2026 : comment actualiser votre taux avant qu’il ne soit trop tard ?
