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2h ago

Dogecoin Nears Breakout as ETF Approval Odds Climb to Mid‑70s

A tightening triangle around $0.22 sets up a potential 30–40% move once the $0.20–$0.25 range resolves.

Here's how Dogecoin's price can hit $5 by 2030
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Overview

  • DOGE trades near $0.22 in a symmetrical triangle, with analysts including Ali Martinez eyeing a 30–40% move on a decisive break.
  • Short‑term charts show risk of a 4‑hour Head & Shoulders breakdown near $0.22, which some warn could target ~$0.188 if support fails.
  • Grayscale joined Rex‑Osprey and Bitwise in filing U.S. spot‑DOGE ETF applications, with BNY Mellon, CSC Delaware Trust Company and Coinbase named in Grayscale’s plan.
  • Polymarket contracts put 2025 approval odds for a DOGE ETF around 73–75%, reflecting rising expectations without guaranteeing an SEC outcome.
  • On‑chain signals point to whale accumulation and improving OBV/RSI, though DOGE has lagged Bitcoin and BNB since mid‑July’s failed push above $0.25.