Dogecon

#Dogecon continues to look toward a #rebound despite the market sentiment. This has been strengthened by the increased market participation and rise in the #Bitcoin price over this time. As bulls continue to dominate the market now, it could mean an end to the downtrend that began in January 2025, and the beginning of a recovery that could see the Dogecoin price reach new all-time highs.
#Dogecoin Price Is Hitting A New Bottom
According to pseudonymous crypto analyst Master Ananda, the Dogecoin price is going through a classic resistance-turned-support dynamic, which could trigger a rally. This began back in 2024 when the Dogecoin price hit new local peaks, but given that the Dogecoin price is trading at what is expected to be the 2025 bottom, this could be good news for the meme coin.
As the crypto analyst points out, the #Dogecoin price has undergone a perfect 3-3-5 correction pattern based on a complex ABC wave. At the same time, the market action, as well as the Fibonacci levels, could be showing the end of this correction. The thing about these types of corrections is that once they are done, an impulse wave tends to follow, which turns out to be a bullish wave, more often than not.
“After the late 2024 bullish cycle, Dogecoin entered a classic correction,” the crypto analyst explained. “This correction started on the 08-Dec. ’24 session and ended 07-Apr. ’25, support was found in the mid- to late 2024 consolidation range and resistance zone.”

Source: TradingView
Where Is The Price Headed From Here?
With a breakout expected to follow the end of the ABC correction, the next targets have been placed at more than 100% by the crypto analyst. As Master Ananda explained, the #Dogecoin price is currently on the verge of a maximum bullish momentum and growth. As such, there is a higher chance that the resultant surge could trigger a rise toward all-time high levels.
However, on the shorter timeframe, the crypto analyst points out a possible 333% rise from here. This would put the #Dogecoin price above $0.4 and at the same time, put it on a path to beating $0.7 in the end.
Additionally, the crypto analyst points out that the lack of action on the chart, as well as the muted trading volume, suggests that it is still very early for Dogecoin. When it eventually moves, it is expected to explode, especially as the leading meme coin. “#Dogecoin is still trading at bottom prices, go for it, it is not too late,” the crypto analyst said in closing.

$DOGE bulls push against resistance | Source: DOGEUSDT on TradingView.com

The probability of a Dogecoin (DOGE) exchange-traded fund (ETF) being approved in 2025 has seen a sharp rise on Polymarket. This follows an official filing from Bitwise Asset Management with the U.S. Securities and Exchange Commission (SEC), signaling growing confidence in institutional adoption of the popular meme coin.
Polymarket Bets Reflect Growing Optimism
Polymarket, a leading blockchain-based prediction platform, recorded a surge in Dogecoin ETF approval odds from 43% to 56% within 24 hours, before stabilizing at 53%. This is a dramatic increase from just 26% at the start of January.
The renewed optimism follows Bitwise’s submission of an S-1 filing to the SEC, a necessary step for launching a Dogecoin ETF. The firm had also previously registered the ETF with Delaware’s Department of State’s Division of Corporations, a move often considered a prelude to an official SEC application.
Market Reacts to ETF Speculation
News of the filing has triggered increased speculative activity, with Dogecoin futures Open Interest rising by 4% over the past four hours, according to data from Coinglass. Additionally, the Long/Short ratio indicates that over 53% of futures traders have taken long positions, reflecting bullish sentiment around DOGE.
Bitwise’s filing follows ETF applications from REXShares and Osprey, both of which have also submitted Dogecoin-based investment product proposals to the SEC.
Could a Dogecoin ETF Push DOGE to $15?
Prominent crypto analyst Ali Martinez previously suggested that a Dogecoin ETF could propel DOGE’s price to $15, fueling speculation about the coin’s long-term potential.
Dogecoin Price Movement
At the time of writing, Dogecoin is trading at $0.3282, reflecting a 1.80% decline in the past 24 hours. However, the meme coin has still gained 3.70% year-to-date, according to Benzinga Pro.
With growing institutional interest and increasing market speculation, Dogecoin’s ETF journey could be a significant milestone for the broader adoption of meme coins in traditional finance.

The post appeared first on CryptosNewss.com

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