Dogecoin Drops 7% After Brief Rally Amid Rising Hopes of a DOGE ETF

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Dogecoin DOGE skilled sharp swings over the previous 24 hours, initially surging to twenty cents earlier than falling to 19.1 cents, representing a 6.63% vary.

The meme coin shaped a V-shaped restoration sample late within the session, climbing again to $0.192 with rising quantity, although resistance stays agency round simply above 20 cents.

News Background

• Dogecoin’s newest worth motion comes amid renewed curiosity in meme tokens following a sequence of crypto market shake-ups.
• Speculation round a doable DOGE ETF has gained traction, with Polymarket knowledge indicating a 51% probability of SEC approval in 2025 — a improvement that might inject institutional capital into the market.
• Meanwhile, Dogecoin’s integration with Coinbase’s Base community is including useful worth, introducing wrapped DOGE into DeFi ecosystems for the primary time on a giant scale.
• The meme coin’s skill to attract high-volume help close to key ranges means that institutional patrons could also be quietly constructing positions, whilst retail merchants stay cautious.

Technical Analysis Breakdown

• DOGE surged from $0.196 to $0.204 (4.08%), then reversed sharply to $0.191 (6.63% vary).

• Resistance confirmed at $0.203–$0.204 after three rejections on heavy quantity (>1B items at 07:00).

• Support shaped at $0.192, with temporary rebounds from this stage regardless of weak spot.

• Final hour drop from $0.192 to $0.190 adopted by a fast V-shaped restoration to $0.192.

• Accumulation indicators emerged with quantity rising previous 2.3M in ultimate minutes.

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