🚀 Dogecoin ETF Launch: A Game-Changer for DOGE?🤔
The Rex-Osprey Dogecoin ETF ($DOJE) is expected to launch this week, potentially driving Dogecoin's price up. With the current price at $0.24, traders are eyeing $0.30+ as the next target. But can this ETF hype push DOGE to $1 before the bull run ends? 📈
Key Factors to Consider:
- ETF Approval Odds: Polymarket traders predict a 91% chance of spot DOGE ETF approval in 2025, which could attract institutional capital and boost liquidity.
- Technical Indicators: Dogecoin's price is forming an ascending triangle on the weekly chart, with a breakout target at $0.50. A cup-and-handle pattern on the monthly chart suggests a potential move to $1.40 or even $3.65.
- lnstitutional Adoption: The ETF could attract up to $1.2 billion in institutional capital, driven by the first physically backed Dogecoin exchange-traded fund in the US
Potential Price Targets:
- Short-term: $0.30+ (immediate resistance at $0.243 and $0.260)
- Mid-term: $0.50 (breakout target)
- Long-term: $1.40 (cup-and-handle pattern target) or even $3.65
Expert Insights:
- Popular analyst XForceGlobal predicts Dogecoin could reach an all-time high of around $1 this cycle, with a maximum target going into double digits based on Elliott Wave analysis
Do Your RESEARCH,THIS IS NOT A ADVISE
