- DOGE faces strong resistance at $0.29–$0.30, a breakout above this could trigger a rally to $0.36 and $0.45.
- Whale wallets added over 158 million DOGE, signaling growing institutional interest despite flat price action.
- The debut of the DOJE ETF saw $6M in volume, placing DOGE in focus for traditional investors.
Despite a 5.86% dip in the 24 hours, rising ETF interest, whale accumulation, and historical cycle patterns hint at a potential breakout. With over $3.75B in daily volume, all eyes are on DOGE’s next move..
Long-Term Chart Shows Familiar Pattern
Dogecoin’s monthly chart, dating back to 2014, suggests that the meme-turned-mainstream asset could be on the verge of another explosive move. According to galaxyBTC, DOGE has moved through two complete market cycles, each defined by extended sideways accumulation followed by steep, rapid expansion.
Dogecoin’s past cycles tell a familiar story—years of sideways action followed by explosive rallies. The 2021 surge, driven by retail buzz and Elon Musk’s tweets, marked the last big breakout. If the pattern holds and market sentiment improves post-Bitcoin halving, DOGE could be gearing up for another major run.
ETF Launch Sparks Institutional Buzz
The REX-Osprey DOGE ETF (DOJE) launched on the Cboe BZX Exchange, marking the first-ever U.S.-listed ETF offering direct exposure to DOGE’s spot price.
The debut was met with unusually high demand. DOJE opened at $26.51 and recorded $6 million in volume within the first hour—six times the typical volume for a new ETF, according to Bloomberg ETF analyst Eric Balchunas. The fund offers investors access to DOGE without the need to manage crypto wallets or private keys.
Despite the ETF buzz, Dogecoin dipped over 2%, echoing the broader market slump. Still, chatter soared online—Santiment flagged a spike in DOGE mentions, placing it among the day’s hottest trending tokens.
$0.30 Resistance Remains the Battlefield
Analysts like Ali Martinez are closely watching the $0.29–$0.30 resistance zone. This level has been tested three times, each time resulting in pullbacks. The pattern resembles a potential triple top, which can be bearish if DOGE fails again and breaks below $0.22.
A convincing close above $0.30, especially with high volume, could trigger a sharp move to $0.36 or even $0.45.
Whale wallets recently accumulated over 158 million DOGE, according to analyst Ali Martinez. This shows growing confidence from large holders despite recent price stagnation.
