"Dogecoin ETF Approval Buzz: DOGE Price Surge Imminent?"

The U.S. Securities and Exchange Commission's (SEC) future crypto ETF approvals may significantly influence the market potential of Dogecoin and other altcoins. Recent news and analysis suggest that the potential approval of Dogecoin ETFs could drive substantial capital inflows, potentially pushing DOGE's price to new highs.

Dogecoin has been signaling a major breakout with bullish patterns and potential ETF approval driving excitement. After months of consolidation, the memecoin is showing signs of maturing, breaking through key resistance levels and forming a bullish pattern. Analysts claim that a confirmed breakout of the "Cup & Handle" pattern could see DOGE on the verge of a significant rally.

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.

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. Recent price action indicates a steady decline from its local highs near $0.45, suggesting 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.

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 January 2024 attracted over $39