English
87723
 Dogecoin (DOGE) investors are going crazy! The Bitwise spot DOGE ETF is entering the critical 20-day automatic approval window. Once implemented, it will become a super positive catalyst for the surge in Dogecoin prices and is expected to completely reverse the market pattern. According to Section 8(a) of the Securities Act, the special application method adopted by Bitwise puts this meme currency ETF into an "automatic approval countdown." Within the next 20 days, unless the U.S. Securities and Exchange Commission (SEC) actively intervenes, the ETF will automatically be approved - news that directly ignited market enthusiasm.  Since the ETF application was submitted, the price of Dogecoin has been the first to respond, with a cumulative increase of more than 12%. Fears such as slowing economic growth that once plagued the market have now taken a back seat. Smart funds are accelerating their return. During Sunday's trading, giant whales were frantically shopping for goods, accumulating a total of more than 200 million Dogecoins. They were obviously rushing to land and lock in the dividends after the ETF was approved in advance. Once the spot DOGE ETF is officially approved, a new floodgate of funds will be completely opened - massive demand from the traditional financial (TradFi) market and institutional-grade investment funds will pour in, injecting unprecedented upward momentum into Dogecoin. Currently, Dogecoin is aiming to break out of a year-long ascending channel pattern. The technical aspects of Dogecoin are also improving across the board. The lower boundary of the ascending channel has become a solid springboard for a breakthrough. Multiple rounds of breakthrough attempts are underway, and the momentum indicators are becoming increasingly bullish: the RSI indicator has rebounded sharply to near the neutral level, and the buying pressure has increased significantly. ； The MACD histogram continues to break above the signal line, and bulls have a firm grip on the current trend. Analysts predict that if Dogecoin can successfully recapture the 0.20 demand zone and convert it into psychological support, a new breakout will be officially confirmed. By then, the price is expected to point to the previous high of 0.50, achieving an increase of up to 200%. The new capital inflows brought by ETFs may also focus the market on the coveted $1 milestone, with potential gains even reaching 450%.  However, the risks cannot be ignored. If Dogecoin falls below the key support level of 0.15, subsequent support will be extremely limited and may trigger a collapse - the price may plummet by 50%, falling back to the pre-bull market level of 0.09. From the rush to raise funds to technical resonance, to the potential dividends of ETF approval, Dogecoin is standing on a key upward trend. The ETF approval process in the next 20 days will become the core variable that determines its future trend. Is it going to attack 0.5 or even 1, or is it experiencing the risk of a correction? Keep an eye on the two key levels of 0.20 and 0.15, and you will be able to grasp the rise and fall of Dogecoin! That’s all for today. The bull market is in its second half. If you really can’t do it yourself,Don’t force yourself, come and learn from me: click on any door!  👉Thank you for your attention, click me to send! 👈 |
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