Dogecoin Rally Hopes Rise After ETF Push — But the Real Fight Lies At $0.18
BeInCrypto
Dogecoin sentiment improved following its ETF listing and whale accumulation, but breaking the critical $0.18 resistance is necessary for a sustained rally.Summary
Dogecoin's price is attempting a recovery near $0.14, bolstered by positive sentiment following the Grayscale Dogecoin ETF launch and increased buying from large holders (whales). Technical analysis showed a bullish divergence pattern, leading to a recent 15% price climb. Two whale cohorts increased their holdings by 1.04 billion DOGE, signaling strong accumulation. However, the primary challenge remains overcoming a dense supply cluster between $0.17 and $0.18, where 7.03 billion DOGE are held by traders who might sell into strength. Until Dogecoin confirms a close above $0.18, the bullish reversal setup is not fully validated, though a daily close below $0.13 would invalidate the current positive structure.
(Source：BeInCrypto)