Crypto index fund manager Bitwise has submitted a filing for a Dogecoin ETF, prompting analyst Ali Martinez to say it could fire DOGE to $15.

The Bollinger Bands are narrowing, signaling reduced volatility and a consolidation phase that often precedes sharp directional moves. DOGE’s price is testing the lower band at $0.35, indicating oversold conditions and potential for upward momentum if buyers regain control.

Another company has shown interest in memecoin ETFs as Bitwise took the first step toward issuing a $DOGE ETF, registering a Bitwise Dogecoin ETF entity in Delaware Wednesday.