Am burning the midnight oil with Optimus engineering on Friday night, then redeye overnight to Austin arriving 5am, wake up to have lunch with my kids and then spend all Saturday afternoon in deep technical reviews for the Tesla AI5 chip design.
Dogecoin derivatives markets also priced in the potential impacts of Elon Musk’s attention shifting towards Tesla, at the expense of projects like Dogecoin.
According to Coinglass, Dogecoin futures trading volume plunged 26.39% to $9.41 billion, while open interest fell 3.85% to $5.35 billion. This represents over $200 million in liquidated open positions despite 1% spot price gains within the last 24 hours.
This signals that while some Dogecoin traders are front-running potential ETF approval with spot purchases, short-term speculators trimmed leverage exposure in response to Musk’s latest pivot towards Tesla and the looming Fed rate decision.
Dogecoin Price Forecast: Can Bulls Reclaim the $0.29 Peak?
Dogecoin price remains in neutral territory, having retraced from the local high of $0.29 last week to hold the $0.26 support line on Tuesday.
If declining open interest triggers sell-offs in spot markets, the Keltner Channel midline near $0.246 offers initial support against downswings. However, a close below that level could see Dogecoin price fall toward the lower boundary at $0.21.
The MACD remains positive but shows flattening momentum, suggesting bulls may be losing ground. For DOGE to retest $0.29, buyers must reclaim the $0.28 resistance zone with volume support.
If the ETF verdict lands favorably, this breakout could validate a run toward $0.32, marking a fresh high for Dogecoin price in 2025.
Conversely, failure to defend $0.26 ahead of the Fed decision could see DOGE fall into a consolidation range between $0.21 and $0.24.
Snorter Presale Nears $4M as Dogecoin Traders Seek Alternatives
As Dogecoin’s price swings around ETF speculation and Elon Musk’s latest Tesla investments, Snorter Bot, a Solana-based presale project, is also gaining market traction.
Snorter offers ultra-low transaction fees, lightning-fast execution, and exclusive early access to token launches.
Snorter Bot Presale
The SNORT token presale has already raised $3.9 million of its $4.4 million target, with momentum accelerating as traders rotate capital from volatile majors into early-stage opportunities. With less than 24 hours before the next price increase, prospective investors can still enter via the official Snorter website.
Disclaimer: Coinspeaker is committed to providing unbiased and transparent reporting. This article aims to deliver accurate and timely information but should not be taken as financial or investment advice. Since market conditions can change rapidly, we encourage you to verify information on your own and consult with a professional before making any decisions based on this content.
I’m a research analyst with experience supporting Web3 startups and financial organizations through data-driven insights and strategic analysis. My goal is to help organizations make smarter decisions by bridging the gap between traditional finance and blockchain innovation.
With a background in Economics, I bring a solid understanding of market dynamics, financial systems, and the broader economic forces shaping the crypto industry. I’m currently pursuing a Master’s degree in Blockchain and Distributed Ledger Technologies at the University of Malta, where I’m expanding my expertise in decentralized systems, smart contracts, and real-world blockchain applications.
I’m especially interested in project evaluation, tokenomics, and ecosystem growth strategies, as these are areas where innovation can drive lasting impact. By combining my academic foundation with hands-on experience, I aim to provide meaningful insights that add value to both the financial and blockchain sectors.
