Trader Sees a Dogecoin Price Surge as House of Doge Sets for a NASDAQ Listing

Dogecoin price has rebounded in the past few days, coinciding with the ongoing crypto market rally. DOGE token jumped to $0.2073 today, Oct. 13, up by 105% from its lowest point on Friday. A crypto analyst believes that it may be on the verge of a strong move as the House of Doge prepares to go public.

Dogecoin Price Could Jump as House of Doge Prepares Nasdaq Listing

Dogecoin price has two potential catalysts that may push it higher in the coming weeks. One of them is that the House of Doge, which is the corporate arm of the Dogecoin Foundation, is preparing to go public.

The company will list on NASDAQ by merging with Brag House Holdings. This deal is backed by about $50 million in investment capital and access to more. It also has over 837 million DOGE coins in its ecosystem.

In a statement, the company said that the partnership will help to create a company that will bridge the gap between crypto and the capital markets. It also seeks to actualize Brag House’s goal of connecting young people and key industries like gaming and college football. 

The other notable catalyst for the Dogecoin price is that the Securities and Exchange Commission (SEC) will likely approve DOGE ETFs by companies like 21Shares, Bitwise, and Grayscale. 

There are signs that these funds will attract institutional capital. Besides, the recently launched DOJE ETF, which has an expense ratio of 1.5% has already attracted $30 million from investors. As such, the cheaper ETFs will likely have more inflows.

Meanwhile, one popular crypto analyst delivered a highly bullish DOGE price forecast 2025. This forecast came two days after the coin plunged by over 60% leading to $364 million in liquidations. In his post, Trader Tardigrade noted that Dogecoin price always rebounds after falling by 80% from it peak. 

DOGE Price Technical Analysis as a Hammer Candle Forms

The daily timeframe chart shows that the Dogecoin price bottomed at $0.1016 during the recent crypto market crash. It has formed a giant hammer candlestick pattern, which is made up of a body and a long lower shadow. This is one of the most common bullish signs in technical analysis.

The token then formed a small morning star candlestick pattern, which also leads to more upside. It has also jumped above the ultimate support of the Murrey Math Lines tool at $0.1953. 

Therefore, the token will likely continue rising as bulls target the major S/R pivot point at $0.2500. A move below the extreme oversold level of the Murrey Math Lines at $0.1700 will invalidate the bullish forecast.