Dogecoin (DOGE), after shedding over 15% in the past month, could soon receive the institutional push of a lifetime.
Dogecoin (DOGE), after shedding over 15% in the past month, could soon receive the institutional push of a lifetime. Bloomberg ETF analysts Eric Balchunas and James Seyffart now assign a 90% probability that the SEC will approve a spot Dogecoin ETF in 2025.
Grayscale, Bitwise, and 21Shares have all submitted S-1 applications to the SEC, while the regulator has formally acknowledged their 19b-4 filings. It is clear that the momentum around Dogecoin and crypto ETFs is building.
Dogecoin Technical Analysis: DOGE Sets Up for Breakout
Dogecoin is currently attempting to break out of a long-term descending channel, a pattern that typically precedes a reversal if accompanied by strength.
The BoP has surged to 0.70, a strong signal of bullish control over the price action, indicating accumulation by more aggressive buyers while the A/D line for DOGE shows consistent accumulation since the end of May, valued at 78.8BB.
Dogecoin A/D, BoP Levels. Source: TradingView
The breakout above $0.16 would open the path toward $0.25 and then $0.35, both of which are former resistance zones. If ETF speculation continues to fuel momentum, DOGE could reclaim $0.45.
However, $100 per DOGE is an extremely unlikely target in the current or near-future cycle, requiring a multi-trillion-dollar market cap.
Nevertheless, a potential ETF could open DOGE to Wall Street, and so, a dramatic upside isn’t off the table.
DOGE Eyes Yearly Highs – But BTC Bull ($BTCBULL) Could Be the Real Winner
With Dogecoin consolidating and attempting a breakout from the descending channel, BTC Bull ($BTCBULL) – an ETH-based meme token combining the fun of meme culture with real utility and serious market potential – has raised a whopping $7.89 million in its ongoing presale.
For every $25,000 milestone in BTC’s price, the project either burns token supply or airdrops BTC to holders, amplifying scarcity and value in tandem.
A massive BTC airdrop is also planned when BTC hits $250K, weighted by your holdings and presale participation.
With a deflationary model (“burn and rise, repeat”) and rewards structured to benefit early adopters, BTC Bull isn’t just cheering from the sidelines – it’s giving believers a financial stake in Bitcoin’s next leg up.
$BTCBULL also offers high APY staking via secure smart contracts. The current rate stands at a massive 52% per annum.
To purchase the $BTCBULL token, visit the official BTC Bull website and connect a supported wallet, like Best Wallet.
You can swap crypto or use a bank card to complete the transaction.
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