Here's the latest Dogecoin news:
- *Price Update*: Dogecoin's current price is $0.1890, with a 9.13% increase in value over the last 24 hours. Its market capitalization stands at $28.26 billion.
- *SEC Acknowledges 21Shares' Spot DOGE ETF Filing*: The SEC's acknowledgment of 21Shares' spot DOGE ETF filing has led to a surge in Dogecoin's price and an increase in active addresses by 528%.
- *Bullish Pattern Emerges*: A bullish pattern has emerged on Dogecoin's weekly chart, with traders anticipating a 180% gain from DOGE.
- *Market Trends*: Dogecoin, along with other major cryptocurrencies like XRP and Solana, has underperformed as Bitcoin dominates amid market slide and economic uncertainty.
- *Liquidation Imbalance*: A 3,401% Dogecoin liquidation imbalance has emerged amid consolidation.
- *Tesla and Dogecoin*: There's speculation about Dogecoin reaching $2 if Tesla introduces crypto payments for cars.
Some potential price predictions and analysis include ¹ ² ³:
- *Short-term Target*: Dogecoin has formed an ascending triangle on its daily chart, with a potential target.
- *Long-term Prediction*: Some analysts predict Dogecoin could reach new heights, but its price is currently down 74.36% from its all-time high of $0.7376 in May 2021.
Keep in mind that cryptocurrency markets are highly volatile, and prices can fluctuate rapidly. For the most up-to-date information, consider checking reliable sources like CoinTelegraph or MarketBeat ² ¹.
