Dogecoin is once again attracting attention due to market optimism, ETF discussions, and active social media engagement. The meme cryptocurrency may be preparing for another breakout.
ETF Buzz: Could Dogecoin Be Next?
In 2025, excitement surrounding a potential Dogecoin ETF is increasing significantly. Major asset managers such as Grayscale, 21Shares, and Bitwise have filed applications with the SEC. Optimism persists despite regulatory delays, with some analysts assigning a 90% probability of approval by year-end. If approved, it could attract institutional investors and legitimize the meme coin within the broader financial system.
What’s Next: Will Dogecoin (DOGE) Price Reach $1 in 2025?
Long-term price patterns indicate significant potential for continued upward momentum. After a recent rejection at a resistance zone between $0.2180 and $0.2327, bulls are attempting to elevate levels above $0.2. However, bears seem to be holding the range just below the resistance.
Current Trends and Growth Opportunities Analysis
Weekly MACD, which has been in the negative range since the beginning of the year, shows a decrease in selling volume and pressure. Weekly DMI approaches a bullish crossover. Interestingly, the weekly candle has just turned into a bearish Doji, historically followed by range-bound consolidation, a small pullback, and a massive rise. Therefore, the Dogecoin (DOGE) price is expected to remain compressed between $0.165 and $0.177 for a while, followed by a strong rise to the resistance zone between $0.218 and $0.232.
The current situation with Dogecoin appears promising due to new opportunities and the maintenance of key levels. However, the question remains whether the cryptocurrency can overcome key resistances and establish itself at new heights.
