Dogecoin Price Prediction: DOGE Drops 4% As Bitwise Files For A Dogecoin ETF And This PEPE 2.0 Meme Coin Presale Heads For $58M Ahead Of Listing
The Dogecoin price dropped 4% in the last 24 hours to trade at $0.3510 as of 02:32 a.m. EST on trading volume that plunged 65% to $2.7 billion. This comes as crypto fund manager Bitwise Asset Management officially filed for a DOGE exchange-traded fund (ETF) with the US Securities and Exchange Commission (SEC). 💥BREAKING: Bitwise files Dogecoin $DOGE ETF. pic.twitter.com/WxJOssCwwK — Crypto Rover (@rovercrc) January 22, 2025 The application is the first attempt by any financial institution to bring a DOGE-related ETF into the highly regulated US market. Dogecoin Price Poised For A Bullish Rally The DOGE price showcases a well-defined uptrend followed by a consolidation phase. The major bullish momentum began in late October, marked by a sharp price rally (indicated by the green arrow) that took the Dogecoin price from the support near the 200-day Simple Moving Average (SMA) around $0.21 to a high of approximately $0.45. This rally demonstrated strong ...