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Dogecoin News Today: DOGE Price Consolidates Near $0.124, Can DOGE ETF Activity Spark a Breakout?
Dogecoin price steadied after a sharp seven-day slide, as traders watched derivatives positioning and fresh exchange-traded fund (ETF) headlines. The token traded sideways after falling from January 14 to January 20.
Dogecoin has moved within a narrow $0.12 to $0.129 range since January 20. The cryptocurrency remained under pressure, down 0.3% in 24 hours to $0.1242 at the time of writing. The token also fell nearly 10% during the week.
The earlier sell-off triggered derisking across the DOGE derivatives market. Open interest fell during the drop as traders reduced leverage.
However, CoinGlass data showed Dogecoin open interest at $1.41 billion, up 0.2% over 24 hours. The slight open-interest increase drew attention after the leverage flush.
Trader Tardigrade also highlighted a bearish pennant pattern and pointed to a potential move toward $0.108. The signal added to caution as Dogecoin attempts to hold its recent support zone.
Dogecoin ETFs Expand, but Wall Street Demand Stays Muted
Dogecoin remains the tenth largest cryptocurrency by market capitalization at about $20 billion, based on The Block’s price data. The token began as a Shiba Inu meme before gaining wider attention, including public endorsements from Elon Musk.
Dogecoin’s ETF lineup has also expanded; however, volumes remain light compared with other crypto products. The first spot Dogecoin ETF, the REX-Osprey DOGE ETF (DOJE), launched in September 2025 and logged $17 million in day-one trading volume.
Since the debut, Dogecoin ETFs have generated about $200 million in cumulative trading volume and hold less than $40 million in assets under management. In addition, six spot XRP ETFs that launched in the fourth quarter of 2025 generated more than $2 billion in trading volume.
The 21Shares Dogecoin ETF (TDOG) was listed on NASDAQ this week. The listing follows 21Shares’ partnership with House of Doge, which began in April 2025.
In late 2025, 21Shares launched the 21Shares 2x Long Dogecoin ETF (TXXD), offering US investors twice the daily exposure to Dogecoin. The firm also introduced a Dogecoin exchange-traded product (ETP) in Europe that it described as the only one endorsed by the Dogecoin Foundation.
Whales, Technical Risks, and New Utility Headlines
Analyst Ali said whales redistributed about 410 million DOGE since last week. Ali said whales held slightly more than 17.34 billion DOGE, keeping a large position despite the redistribution.
However, utility-related headlines offered a counterweight. Shopify started allowing Dogecoin payments after integrating Coinbase into its payment methods.
Meanwhile, the Dogecoin Foundation and House of Doge announced the “Such” app, expected in the first half of 2026. The app is expected to add new ways to interact with Dogecoin and expand its use cases.
In addition to Dogecoin, a broader ETF filing also targeted a multi-asset crypto basket. Cyber Hornet filed for the S&P Crypto 10 ETF (CTX) with the Securities and Exchange Commission (SEC), and Bloomberg senior ETF analyst Eric Balchunas said the CTX basket could become the first S&P-linked spot basket.
Crypto Liquidations and Fed Decision Set Volatility Risk
The broader crypto market traded mostly in the red early Saturday. CoinGlass data showed $292 million in liquidations over the last 24 hours.
Traders also focused on the Federal Reserve (Fed) interest rate decision expected on January 28. The event can raise volatility across crypto assets, including Dogecoin.
Market expectations still point to steady rates, with only two quarter-point cuts anticipated in 2026. Consequently, traders may position around macro risk as Dogecoin consolidates.
Also Read: Dogecoin at $0.12: Can Support Hold Amid Selling Pressure?
