**The price is oscillating, but the story has just begun**

Dogecoin is currently hanging at $0.15 (with a slight decline of 0.30% over 24 hours). Don't be fooled by the calm on the surface; the trading volume has exploded to $1.132 billion, with a daily surge of 23.4%. Its market cap is $22.9 billion, firmly sitting in ninth place, and it has shown an increase of 8.1% over the week. The RSI is at 42.5, which is in the neutral zone, and the Fear and Greed Index is at 25 (extreme fear), but whales have quietly started accumulating at the support level of $0.144.

**Is the institution really coming this time?**

Although Grayscale's GDOG ETF had zero inflow on its first day, the listing itself is a signal. In 21Shares' subsequent plans, a large-scale capital injection is already on the way, and traffic from Southeast Asia is also starting to surge. Even more aggressive is Franklin Templeton—they plan to expand their cryptocurrency index ETF by directly bundling DOGE, XRP, and SOL, with a scale expected to exceed $200 million. REX-Osprey is also not idle; the DOGE ETF assets have climbed to $24 million, following the path of Litecoin from back in the day.

**What is the community doing?**

Network fees have slightly increased, with daily revenue at $35,400, and stablecoin trading accounting for 34% of the share. The Baby Doge merchandise store has officially launched, and the post received 122 likes, sparking a lot of attention. SHIBMortal compared SHIB's market cap, claiming that DOGE still holds the potential of 7 mainstream cryptocurrencies (21 likes in agreement). dogeofficialceo retweeted that Clinton-Trump debate video, reigniting the old topic of political donations, and the "moon narrative" has been reignited.

**Which positions to look at next?**

Short-term target at $0.176, with a December goal set at $0.22, and daring to call $0.35 by the end of 2025. The key resistance is at $0.1495—once this level is broken, there may not be much hesitation time for the subsequent main upward wave.

Institutions are positioning themselves, the community is dreaming, and prices are bottoming out. This wave of Dogecoin may not just be about sentiment; there may actually be something coming.