DogCoin has endured significant volatility over the past 24 hours, initially spiking to $0.20 before falling to $0.191, a 6.63% swing.
In late trading, Die Coin is likely to form a V-shaped recovery pattern, moving back up to $0.192 as trading volume increases, but resistance remains above $0.2.
Dogecoin’s latest price action follows renewed interest in meme tokens after a series of cryptocurrency market turmoil.
Speculation about the DOGE ETF has gradually heated up, with Polymarket data showing a 51% chance of the ETF being approved by the U.S. Securities and Exchange Commission (SEC) in 2025 – a development that could inject institutional capital into the market.
Meanwhile, Dogecoin’s integration with Coinbase’s Base network is adding functional value, bringing wrapped Dogecoin to the DeFi ecosystem on a large scale for the first time.
The meme coin was able to find a lot of support near key levels, suggesting that institutional buyers may be quietly building positions even as retail traders remain cautious.
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