Dogecoin Breaks Above $0.25 Amid Whale Accumulation and ETF Speculation, Targets $0.33 to $0.48 Possible
Main Idea
Dogecoin's price breaks above $0.25 due to whale accumulation, ETF speculation, and favorable market conditions, with potential targets of $0.33 to $0.48.
Key Points
1. Dogecoin surpassed the $0.25 resistance level with a 7.83% gain in 24 hours, supported by a 77.28% increase in trading volume to $6.43 billion.
2. Whale wallets accumulated over 1.08 billion DOGE (worth ~$250 million) in 48 hours, driving upward momentum.
3. ETF speculation is strong, with an 80% probability of approval following successful Ethereum and XRP ETF launches.
4. Bitcoin's declining dominance (from 66% to 61.75%) has favored altcoin rotation, benefiting Dogecoin.
5. Technical analysis suggests further price extensions toward $0.476 if the $0.25 support level holds.
Description
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