Dogecoin (DOGE) is facing a pivotal moment. The meme coin is testing a critical price zone around $0.18, with traders watching closely to see if it can break through the key demand area at $0.22. Although DOGE gained 5% over the past 24 hours, the odds of its long-anticipated ETF being approved have dropped from 81% to 75% — a shift that could reshape its trajectory.
🔹 DOGE Enters Crucial Demand Zone
DOGE has entered a historically strong demand zone around $0.17, which has previously triggered significant buying activity. If history repeats itself, the price may soon rally.
To confirm a bullish breakout, DOGE must close above the “Point of Control” (PoC) at $0.224 — a level that marks the area with the highest trading volume and a key resistance zone.
There are encouraging technical signals: an ascending parallel channel and an RSI (Relative Strength Index) at 51 indicate that the market is leaning bullish. However, the breakout must be confirmed by a decisive close above $0.224.
🔹 Downside Risks: $0.15 Support in Play
If DOGE fails to reclaim the key zone, it risks falling toward $0.15, potentially entering a consolidation phase before the next major move.
🔹 DOGE ETF Faces Setback as Trump Favors Other Coins
Optimism surrounding the DOGE ETF has dimmed. According to prediction market Polymarket, the odds of U.S. approval dropped to 75%, largely due to former President Donald Trump excluding meme coins like DOGE from his proposed “blue-chip” crypto ETF. Trump’s team cited meme coins’ volatility as a reason for their exclusion — which is discouraging for institutional investors.
That caution is already evident in market behavior. On Binance, the long/short ratio for DOGE dropped to its lowest level in 30 days, reflecting declining trader confidence.
🔹 Summary
Dogecoin is on the edge. While technicals suggest a potential climb toward $0.22 and beyond, the fading ETF hype and weakening institutional interest could limit its upside. The coming days will reveal whether buyers return in force — or whether DOGE slides back into bearish territory.
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