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Dogecoin fell toward $0.125 as liquidation pressure hit meme coins, even as a new US product expanded market access. The 21Shares Dogecoin ETF, trading as TDOG on NASDAQ, offers exchange-traded exposure to DOGE. However, DOGE trading stayed risk-off. A high-volume break below short-term support kept rallies capped near $0.126 - $0.127, with traders watching $0.123 for direction.
21Shares noted that TDOG began trading on NASDAQ on January 22, 2026. The firm described the fund as physically backed, holding Dogecoin on a 1:1 basis in institutional-grade custody.
Additionally, 21Shares set the management fee at 0.50% and listed the fund in US dollars. The issuer is 21Shares US LLC, and the ISIN is US90137N1063, the company informed.
The firm said TDOG is not registered under the Investment Company Act of 1940. Federico Brokate, Global Head of Business Development at 21Shares, mentioned that TDOG provides “regulated, physically backed exposure” through a familiar exchange-traded fund (ETF) structure.
House of DOGE Chief Executive Officer Marco Margiotta also said the listing is “another step” toward broader participation through established financial structures.
DOGE declined from $0.1271 to $0.1250 over the 24 hours ending January 23. The move broke below the $0.1254 support and pushed the price to a session low of $0.1233. Trading volume jumped to 556 million DOGE during the US session, approximately 124% above the 24-hour average. This level of spike points to active repositioning.
Meanwhile, broader crypto sentiment weakened as liquidations increased. Meme coins took the brunt, with short-term traders dumping rallies and cutting risk fast.
On shorter timeframes, DOGE bounced from about $0.1245 to $0.1253 on rising volume, then stalled near $0.1250.
The breakdown also confirmed a sequence of lower highs and lower lows. Traders described the move as “sell-the-rally,” with resistance repeatedly defending the $0.126–$0.127 area.
Momentum still looks weak on the bigger timeframes. However, shorter charts are starting to flash oversold, which often leads to consolidation action instead of a quick reversal.
Resistance remained entrenched around $0.1260 - $0.1270, where sellers repeatedly stepped in. Consequently, rebounds below that zone have often lacked follow-through. Holding the $0.124–$0.123 area could allow sideways consolidation. A clean break below $0.123 would bring $0.120 and $0.115 back into view.
Furthermore, 21Shares has expanded its crypto lineup in the US and Europe. The firm previously launched the 21Shares 2x Long Dogecoin ETF, TXXD, and the 21Shares Solana ETF, TSOL, it said. For now, markets will watch whether TDOG attracts steady flows while DOGE tests key levels.
Also Read: Dogecoin News Today: DOGE Price Moves Above Key Resistance as Trading Volume Rises
