Dogecoin Price Prediction: DOGE Jumps 5% As Bloomberg Puts 75% Odds On SEC Approving Dogecoin ETF, While New BTC Bull Meme Coin ICO Goes Parabolic
The Dogecoin price jumped over 5% in the last 24 hours to trade at $0.2665 as of 3:10 a.m. EST as investors go long on the meme coin. The uptick in the DOGE price comes after Bloomberg ETF analysts James Seyffart and Eric Balchunas said in a post on X that there is a 75% chance that the US Securities and Exchange Commission (SEC) will approve a spot Dogecoin ETF (exchange-traded fund) this year. They also said that they expect the SEC to acknowledge filings for Dogecoin ETFs by Grayscale and Bitwise this week. Dogecoin Price Trying To Flip The $0.2582 Resistance 4-hour chart for DOGE/USD (Source: GeckoTerminal) The Dogecoin price is attempting to flip the resistance level at $0.2582 into support, GeckoTerminal data shows. Should the leading meme coin close a 4-hour candle above this mark within the next 8 hours, it could have the foundation needed to attempt a challenge at the next technical barrier at $0.2789. However, a rejection from the $0.2582 level or a sudden sell-off ...