Dogecoin remains steady near $0.18 amidst increasing speculation about the approval of Dogecoin spot Exchange Traded Funds (ETFs), potentially attracting new capital.
SEC leadership shift towards pro-crypto stance and Nasdaq's filing to list shares in the 21Shares Dogecoin ETF adds credibility, with an 80% chance of DOGE ETF approval as per Bloomberg analyst Eric Balchunas.
Partnership between 21Shares and Dogecoin Foundation boosts ETF credibility, leading to stronger engagement from investors considering DOGE as a real investment opportunity rather than just a meme token.
Despite $1.22M long liquidations causing short-term pressure, indicators like RSI and EMA levels suggest bullish potential for Dogecoin, with a possible rally if it breaches key resistance levels.