DOGE Market Analysis and Expectations
Dogecoin's (DOGE) ETF application has also made new progress. The New York Stock Exchange has received documents related to the Dogecoin ETF from Beta West, and Dogecoin is very likely to become another cryptocurrency with an ETF after Bitcoin, Ethereum, and Litecoin.
If approved, the Dogecoin ETF could begin trading soon. This year, the number of cryptocurrency ETFs is expected to increase significantly, with applications also in progress for others like Solana. Dogecoin's relatively mature proof-of-work mechanism and decentralized characteristics enhance the likelihood of its ETF approval. If successful, it will represent a significant leap forward for cryptocurrency ETFs, which is undoubtedly a major boon for the market.
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DOGE:
Upper resistance: 0.2024/0.211
Lower support: 0.1907/0.1854
Friendly reminder: Stop loss on breakouts