DOGE forms a fourth bull flag pattern, suggesting a potential move toward $0.30 price level.
Golden cross and rising volume confirm Dogecoin's solid uptrend and strong market momentum.
ETF proposals by 21Shares and Grayscale may boost institutional access and drive demand for DOGE.
Dogecoin (DOGE) continues to move within a firm uptrend, sustaining higher lows and gaining steady bullish momentum. DOGE is trading at $0.2268, showing a 1.34% daily increase and a 27.81% monthly gain. Technical signals and on-chain activity suggest the trend remains solid as the asset nears key resistance.
Price Movement Supported by Technical Breakout and Key Averages
Dogecoin has broken its previous downtrend and is now forming an ascending channel. This move was confirmed by a golden cross, where the 23-day moving average moved above the 50-day average.
https://twitter.com/TATrader_Alan/status/1925899646175494261
Analysts identify resistance between $0.24 and $0.25, while support is holding near $0.223. The current structure is also supported by high trading volume and rising market engagement.
According to data reviewed by Bitcoinsensus, DOGE is now forming its fourth bull flag pattern, historically known to precede strong upward moves. The past three patterns resulted in gains of 90%, 215%, and 440%. If this pattern repeats, DOGE could see further upside pressure.
On-Chain Data and ETF News Add to Uptrend Strength
On-chain metrics are also pointing to sustained interest in Dogecoin. The number of active addresses and whale transactions has increased, indicating renewed participation by larger investors. Trading volume in the past 24 hours rose by 41%, reaching $23.35 billion.
ETF developments are also contributing to the trend. Nasdaq has proposed a Dogecoin ETF in partnership with 21Shares, while Grayscale has also submitted a similar filing. These proposals are under SEC review. If approved, they may increase DOGE’s accessibility to institutional investors.
According to an observation by Bitguru on X, “DOGE has broken its downtrend and is now forming higher lows with strong bullish momentum.” The next targets remain at $0.26 and $0.30, provided volume and sentiment remain aligned with current levels.
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