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Dogecoin Price Forecast: DOGE ETF Hype Fuels Breakout Hopes as Profitable Supply Grows

  • 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.

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