The leading dog-themed meme cryptocurrency, DOGE, is experiencing volatility amidst Donald Trump's inauguration and ETF hype. The current consolidation maintains a price above $0.35, and the formation of a bullish continuation pattern called 'Pennant' is strengthened. The DOGE's market capitalization stands at $55.6 billion, with a 24-hour trading volume of $10.8 billion. The REX Foundation has filed with the SEC to launch cryptocurrency-focused ETFs, including one dedicated to Dogecoin. The potential approval of these ETFs could trigger a significant price surge for Dogecoin. The coin's price has been trading sideways within a pennant pattern, suggesting a temporary pullback before an upside breakout. A breakout could drive the price past $0.66 and potentially reach $1.
Content Editor ( cryptonewsz.com )
- 2025-01-21
Could Dogecoin Price Break the $1 Barrier with REX’s ETF Filing?
