$DOGE Dogecoin Faces a Crossroads, ETF Hopes Gradually Wane
Dogecoin price is stuck at the $0.18 mark, at a critical juncture, with significant volatility in recent days and a standoff between bulls and bears. The $0.17-$0.18 range is a historically strong demand zone, and DOGE has reached a crucial moment.
Previously, there was high hope for the approval of a Dogecoin spot ETF, but now optimistic sentiment has faded, and the probability of approval has dropped to about 75%. Traders are cautious, and the market is waiting for clear regulatory guidance, which is important for tokens reliant on speculation.
From a technical perspective, DOGE is at a critical level. If it holds above $0.17, bulls may push the price to $0.22-$0.23; failure to hold the support level could see it drop to $0.15. The momentum indicators are neutral, with neither bulls nor bears holding a decisive edge.
The next few weeks are crucial. A breakthrough at $0.224 would be a strong bullish signal, but if ETF approval remains unclear, there may be stagnation or even a decline. The current juncture is critical; DOGE needs clear signals. Before any signals emerge, volatility may be high, and one must be prepared for either a breakout or a collapse. For now, we can only wait.
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