The current price of Dogecoin is approximately $0.148, remaining in a narrow fluctuation range of $0.14-$0.15. The trading volume is about $2 billion, and market sentiment has been boosted by the official launch of the Grayscale DOGE ETF (GDOG) on the NYSE. Meanwhile, the rumored closure of the "Department of Government Efficiency" (DOGE Department), promoted by Elon Musk, has not significantly suppressed the price but has instead sparked optimistic discussions within the community.
In the short term, DOGE has rebound potential, driven mainly by: ETF Effect: With the launch of the Grayscale GDOG ETF, expectations for institutional capital inflow have increased, which may push the price to break through the resistance level of $0.15.
Technical Indicators: The RSI is in the neutral zone (around 48), and the MACD histogram shows bullish signals; the price is holding above the support level of $0.1427-$0.144, forming a descending wedge and an EMA compression pattern, suggesting a potential breakout.
As a representative of meme coins, DOGE's trend is highly dependent on community narratives, celebrity endorsements, and broader cryptocurrency adoption. By the end of 2025, ETF approvals and payment integrations (such as Twitter/X payments) will support its growth.
