Dogecoin ETF Rumors Spark $1 Hype

Dogecoin ETF Rumors Spark Hype, Will It Help DOGE Hit $1?

Dogecoin (DOGE) has been making waves recently, with analysts and traders 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.

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. 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. 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?

Grayscale’s recent filing for a Dogecoin ETF has ignited optimism among investors, with some speculating that DOGE could rally to $1 or even $3.80. Historically, the approval of crypto ETFs has often led to significant market movements. For instance, the launch of the first Bitcoin ETF in