Analyst Projects $1.4 as Grayscale Updates ETF Filing
The post Analyst Projects $1.4 as Grayscale Updates ETF Filing appeared on BitcoinEthereumNews.com. At the time of writing, the Dogecoin price is trading at $0.2286, which is an increase of 3.04% in the last 24 hours. The asset has maintained its recent bullish trend, and continues to trade within its clearly established consolidation phase. The present interest is partly due to the recent update of the ETF filing by Grayscale Investments that has reignited the broader sentiment about the market prospects of Dogecoin. Dogecoin Price Forecast Strengthens As Chart Patterns Signal A Breakout Trader Tardigrade, on X platform, has outlined an increasing broadening wedge on the weekly Dogecoin chart, with a significant upside. The structure is typically made up of consecutive higher highs and higher lows. The past bullish impulses have returned +120% gains between $0.22 and $0.48 and subsequent gains of +190% to the $0.77 level. The analyst projects the final target at $1.4 in case the momentum follows this formation. Historical data also depict that the cyclical expansions of Dogecoin in the wedge have gradually increased. Therefore, this supports a fundamentally bullish view. The analysis is more and more shaping expectations about the Dogecoin price prediction 2025. DOGE/USD 1-Week Chart (Source: X/Trader ) Dogecoin continues to trade in a noticeable accumulation phase on the daily chart. The phase has been in a range of $0.21 to the downside and $0.30 to the upside since early February. The present price action shows the development of higher lows within this range, showing gradual increase in buying conviction. A resolute break above $0.25 can trigger a continuation to $0.30, and the bullish trends following it would assume the possibility of retesting $0.50. Relative Strength Index (RSI) is at the moment at the neutral level of 52, which further proves the further accumulation before an upward breakout. DOGE/USDT 1-Day Chart (Source: TradingView) Grayscale’s ETF Update…
The post Analyst Projects $1.4 as Grayscale Updates ETF Filing appeared on BitcoinEthereumNews.com.
At the time of writing, the Dogecoin price is trading at $0.2286, which is an increase of 3.04% in the last 24 hours. The asset has maintained its recent bullish trend, and continues to trade within its clearly established consolidation phase. The present interest is partly due to the recent update of the ETF filing by Grayscale Investments that has reignited the broader sentiment about the market prospects of Dogecoin. Dogecoin Price Forecast Strengthens As Chart Patterns Signal A Breakout Trader Tardigrade, on X platform, has outlined an increasing broadening wedge on the weekly Dogecoin chart, with a significant upside. The structure is typically made up of consecutive higher highs and higher lows. The past bullish impulses have returned +120% gains between $0.22 and $0.48 and subsequent gains of +190% to the $0.77 level. The analyst projects the final target at $1.4 in case the momentum follows this formation. Historical data also depict that the cyclical expansions of Dogecoin in the wedge have gradually increased. Therefore, this supports a fundamentally bullish view. The analysis is more and more shaping expectations about the Dogecoin price prediction 2025. DOGE/USD 1-Week Chart (Source: X/Trader ) Dogecoin continues to trade in a noticeable accumulation phase on the daily chart. The phase has been in a range of $0.21 to the downside and $0.30 to the upside since early February. The present price action shows the development of higher lows within this range, showing gradual increase in buying conviction. A resolute break above $0.25 can trigger a continuation to $0.30, and the bullish trends following it would assume the possibility of retesting $0.50. Relative Strength Index (RSI) is at the moment at the neutral level of 52, which further proves the further accumulation before an upward breakout. DOGE/USDT 1-Day Chart (Source: TradingView) Grayscale’s ETF Update…
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