Dogecoin Price Prediction: What’s Pushing DOGE To $0.29?
The post Dogecoin Price Prediction: What’s Pushing DOGE To $0.29? appeared on BitcoinEthereumNews.com. Dogecoin (DOGE) price may be on the verge to break out to $0.29 due to new activity from institutions, along with bullish technical signs. The meme coin has gained renewed attention from traders and analysts due to recent Dogecoin ETF news. 21Shares ETF Filing Draws Attention to Dogecoin Price On May 29, 21Shares formally filed for a Dogecoin exchange-traded fund (ETF). The filing represents the first major effort to provide regulated ways to invest in DOGE in the United States. The decision comes after the approval of various ETFs, including Bitcoin, and growing interest in Ethereum products. Notably, it aims to make Dogecoin available directly to investors via an exchange-traded fund. Consequently, more investors who are limited by regulations or conventional methods might be interested in the offering. Should it be approved, the ETF could improve liquidity in DOGE trading and let big investments flow in without users needing to manage their wallets. Technical Formation Hints at DOGE Price $0.29 Breakout Meanwhile, as investor interest increases, technical analysts are keeping a close eye on Dogecoin price chart setup. As per data provided by Trader Tardigrade, DOGE charts on the daily level have formed an ascending triangle. This pattern showed four points where the price touches support and resistance before moving upwards. Dogecoin Price Chart Source: X According to the chart, DOGE price is approaching the top of the triangle, meeting significant resistance around $0.245. A close above that point with strong volume could lead to a rise in DOGE price, aiming for the zone around $0.285–$0.29. The expected move follows the triangle’s vertical height plus the breakout level. Analyst Sees Potential Meme Coin Breakout by Early June More so, Trader Tardigrade has shown a possible path that could cause a breakout. After the current phase of consolidation, a final minor…
The post Dogecoin Price Prediction: What’s Pushing DOGE To $0.29? appeared on BitcoinEthereumNews.com.
Dogecoin (DOGE) price may be on the verge to break out to $0.29 due to new activity from institutions, along with bullish technical signs. The meme coin has gained renewed attention from traders and analysts due to recent Dogecoin ETF news. 21Shares ETF Filing Draws Attention to Dogecoin Price On May 29, 21Shares formally filed for a Dogecoin exchange-traded fund (ETF). The filing represents the first major effort to provide regulated ways to invest in DOGE in the United States. The decision comes after the approval of various ETFs, including Bitcoin, and growing interest in Ethereum products. Notably, it aims to make Dogecoin available directly to investors via an exchange-traded fund. Consequently, more investors who are limited by regulations or conventional methods might be interested in the offering. Should it be approved, the ETF could improve liquidity in DOGE trading and let big investments flow in without users needing to manage their wallets. Technical Formation Hints at DOGE Price $0.29 Breakout Meanwhile, as investor interest increases, technical analysts are keeping a close eye on Dogecoin price chart setup. As per data provided by Trader Tardigrade, DOGE charts on the daily level have formed an ascending triangle. This pattern showed four points where the price touches support and resistance before moving upwards. Dogecoin Price Chart Source: X According to the chart, DOGE price is approaching the top of the triangle, meeting significant resistance around $0.245. A close above that point with strong volume could lead to a rise in DOGE price, aiming for the zone around $0.285–$0.29. The expected move follows the triangle’s vertical height plus the breakout level. Analyst Sees Potential Meme Coin Breakout by Early June More so, Trader Tardigrade has shown a possible path that could cause a breakout. After the current phase of consolidation, a final minor…
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