Dogecoin ETF rumors spark hype – Will it help DOGE hit $1?
Journalist Share this article Dogecoin breaks key resistance, forming a bullish Cup & Handle pattern. Grayscale’s Dogecoin ETF filing fuels optimism for a significant price rally. Dogecoin [DOGE] has been making waves recently, with analysts and traders alike buzzing about its potential for a major breakout. After months of consolidation, the memecoin is showing signs of maturing, breaking through key resistance levels and forming a bullish pattern that could signal a significant rally ahead. Adding to the growing excitement are rumors about a possible Dogecoin ETF, which could fuel further investor interest and drive the price to new heights. As technical indicators point toward a bullish reversal, Dogecoin’s future is looking increasingly bright. Dogecoin signals a bullish trend Crypto analyst Daniel Ramsay has highlighted a highly bullish setup for Dogecoin on the monthly chart, pointing to a confirmed breakout of the classic “Cup & Handle” formation. This pattern, often associated with long-term uptrends, suggests that DOGE could be on the verge of a major rally. Source: X Additionally, Ramsay notes the presence of the “Three White Soldiers” candlestick pattern — another strong bullish indicator. While a short-term retest of the key zone is possible, the overall outlook remains optimistic, with technical signals aligning for a significant upward move. Retest or rally? Key levels to watch As Dogecoin hovers around the $0.30 mark, traders are debating whether the price will continue its rally or retest lower support levels before another move upward. The recent price action shows a steady decline from its local highs near $0.45, suggesting that a pullback to key support levels around $0.26 or even $0.22 could be in play. Source: TradingView The worst-case scenario would be a break below these levels, which could invalidate the bullish setup. However, if buyers step in at these zones, DOGE could rebound and resume its uptrend. A decisive close above $0.35 would signal renewed bullish momentum, paving the way for another breakout. Will Dogecoin ETFs push DOGE further? Is your portfolio green? Check out the Dogecoin Profit Calculator If a Dogecoin ETF gains approval, it could serve as a catalyst for substantial capital inflows, potentially driving DOGE’s price to new highs. Share