TL; D
- Dogecoin has regained at KEY level 0.618 Vibonacci, where analysts expect a potential recovery and even an absolutely highest -higher level at $ 2.30.
- SEC’s acknowledgment of GrayScale’s Doge ETF application enhances optimism, with an opportunity by 76 % for approval through the end of the year, and may lead price growth in the long term.
Reflection ascending in the cards?
The largest Mimi currency in conditions The market value – Dogecoin (Doge) – started the new year on the right foot, with a price rising above $ 0.40 almost a month ago. since thenNeverthelessThe bears took over, and the origin was in falling. currently, Trading at about $ 0.27 (per Coingecko data), which represents a 30 % decrease on a 30 -day scale.
According to some of the industry participants, the original may soon return to the green track. X user on Martinez Claim DOGE withdrew to the level of 0.618 Fibonacci, also known as the golden ratio.
This region reflects the natural patterns in the financial markets. Some market monitors are 0.618 Fibonacci as a major point as the prices of some cryptocurrencies (including Dogecoin) bounce during the decline.
Another analyst recently reduced Javon Marx. they Note Dog’s performance in the last bull courses to predict a possible explosion to the highest new level ever, which is approximately $ 2.30 during the continuous period.
“Ducin numbers and historical offers indicate that $ 2.28758 can be the levels of these prices Be appointed To go and meet. currently, This will be an increase of more than 701 %.
The possible effect of Doge Etf
one important The factor that may positively affect the price of Meme in the long run can be the potential approval of a Dogoin (ETF) trading box in the United States.
Earlier this week, SEC Recognized Grayscale app to offer such a product. this This means The organizer will review the investment vehicle and formally approve or refuse to launch it in the next 240 days.
Possible contribution will give US investors additional options to acquire the distinctive symbol without buying from stock exchanges or anxiety about the self -body. Eric Balunas – Senior ETF Laboel in Bloomberg – was among those who see SEC’s decision as a “good sign:”
The DOGE ETF files have been recognized by the SEC, which is part of the regular process, but this is a good sign in the case because these coins (which were said in the past immediately after submitting), slightly escalating (approval. https://t.co/6rrprymlc
Eric Balunas (EricBalchunas) February 13, 2025
Meanwhile, the possibilities of the approval of Doge ETF before the end of 2025 Rise To 76 % (according to polymarket).
Post Dogecoin Prices (Doge): Is ATH new? He first appeared on Cryptopotato.
