DOGE Holds Strong Amid 5% Dip as ETF Approval Odds Hit 90% and Trading Volume Surges

Dogecoin (DOGE) is currently trading at $0.15421 on Binance, reflecting a 5.33% decline over the past 24 hours from a 24h open of $0.16290. The price pullback is attributed to broader market volatility and profit-taking following recent bullish sentiment, despite positive developments such as Bloomberg analysts citing a 90% probability of a spot DOGE ETF approval and ongoing integration of cryptocurrency features on Elon Musk’s X platform. Technical indicators and on-chain data show DOGE forming a support base near $0.17, with increased network activity and strong buying interest (97% of Coinbase users increasing positions), though resistance at $0.20 remains a key hurdle. Over the last 24 hours, DOGE’s trading volume ranged from $740 million to nearly $2 billion, with a market cap between $22.78 billion and $24.04 billion, ranking it 8th by market capitalization. Despite the recent dip, technical signals suggest potential for renewed bullish momentum if DOGE maintains support and breaks above resistance levels.