During Tuesday's trading session, the cryptocurrency market experienced a decline, with Bitcoin struggling to maintain a $100k level. This selling pressure also led to a breakdown in the price of Dogecoin, below a two-month consolidation support level, suggesting the possibility of further decline. However, the submission of an S-1 filing by Bitwise Asset Management for a Dogecoin ETF has raised hopes of a potential recovery. If approved, this would be the first-ever ETF for Dogecoin and could attract institutional and retail investors, contributing to a broader market rebound. The current chart setup for Dogecoin shows a bull flag pattern on the 4-hour chart, which could allow buyers to regain momentum for a breakout. However, there is also a risk of a breakdown triangle support, which could lead to further downward movement if the price closes below $0.326.



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