Dogecoin (DOGE) Price: Key Support at $0.18-0.19 Holds as New ETF Gains Traction
The post Dogecoin (DOGE) Price: Key Support at $0.18-0.19 Holds as New ETF Gains Traction appeared on BitcoinEthereumNews.com. TLDR Dogecoin is trading around $0.23 after forming an ascending channel with higher highs and lows A key analyst predicts DOGE could go “parabolic” in October with a potential surge toward $1 The recently launched Rex-Osprey DOGE ETF has crossed $20 million in assets Technical support at $0.18-0.19 has proven resilient with key resistance at $0.2485 Q4 typically brings volatility to crypto markets, and DOGE is positioned as a key coin to watch Dogecoin has been consolidating near the $0.23 level as traders keep a close eye on what could potentially be a breakout quarter for the original meme coin. With technical indicators showing promising signs and a new ETF gaining traction, market participants are watching for signals that DOGE might be preparing for a significant move in the coming months. The daily timeframe chart shows that Dogecoin has established an uptrend over recent months. The pattern of higher highs and higher lows has created an ascending channel that traders use to identify potential entry and exit points. DOGE recently pulled back to the lower boundary of this channel. This support zone coincides with the 100-day Exponential Moving Average (EMA) and aligns with the top range of the Murrey Math Lines tool, creating a strong technical foundation for a potential bounce. Historical data shows that when DOGE reaches this support level, substantial rebounds often follow. In June, the coin surged over 100% after touching this support, while a similar pattern in September resulted in a 50% increase. The crypto is currently trading at $0.2268 after experiencing a modest 3.24% daily decline. Trading has remained within a tight range between $0.2265 and $0.2389, suggesting price compression that often occurs before larger price movements. With daily trading volume exceeding 780 million DOGE, the market shows strong liquidity that could support a breakout…
The post Dogecoin (DOGE) Price: Key Support at $0.18-0.19 Holds as New ETF Gains Traction appeared on BitcoinEthereumNews.com.
TLDR Dogecoin is trading around $0.23 after forming an ascending channel with higher highs and lows A key analyst predicts DOGE could go “parabolic” in October with a potential surge toward $1 The recently launched Rex-Osprey DOGE ETF has crossed $20 million in assets Technical support at $0.18-0.19 has proven resilient with key resistance at $0.2485 Q4 typically brings volatility to crypto markets, and DOGE is positioned as a key coin to watch Dogecoin has been consolidating near the $0.23 level as traders keep a close eye on what could potentially be a breakout quarter for the original meme coin. With technical indicators showing promising signs and a new ETF gaining traction, market participants are watching for signals that DOGE might be preparing for a significant move in the coming months. The daily timeframe chart shows that Dogecoin has established an uptrend over recent months. The pattern of higher highs and higher lows has created an ascending channel that traders use to identify potential entry and exit points. DOGE recently pulled back to the lower boundary of this channel. This support zone coincides with the 100-day Exponential Moving Average (EMA) and aligns with the top range of the Murrey Math Lines tool, creating a strong technical foundation for a potential bounce. Historical data shows that when DOGE reaches this support level, substantial rebounds often follow. In June, the coin surged over 100% after touching this support, while a similar pattern in September resulted in a 50% increase. The crypto is currently trading at $0.2268 after experiencing a modest 3.24% daily decline. Trading has remained within a tight range between $0.2265 and $0.2389, suggesting price compression that often occurs before larger price movements. With daily trading volume exceeding 780 million DOGE, the market shows strong liquidity that could support a breakout…
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