DOGE Price Surges 4% to $0.232 Amid ETF Decision Delay
Dogecoin's price increased by over 4% to $0.232, with a daily trading volume exceeding $2 billion. This rise occurs despite the US SEC delaying a decision on Grayscale's spot Dogecoin ETF.
Key points:
- Dogecoin has been trading between $0.22 and $0.25, currently up 38% month-over-month.
- Resistance at $0.25 is noted, with early investors distributing heavily at this level.
- Analyst Ali Martinez suggests a potential breakout if Dogecoin surpasses $0.239, possibly leading to a rally towards $0.265.
- Analyst Javon Marks forecasts a possible surge of over 215%, targeting a minimum price of $0.73905 based on historical patterns.
- Trader Tardigrade indicates that Dogecoin may be forming its third cup and handle pattern, suggesting targets could reach up to $6.00.
DOGE ETF Decision Delayed
The SEC is expected to announce its decision on the Dogecoin ETF by June 17, following the filing from Grayscale Investments. Delays in such approvals are common, as seen with the recent postponement of Solana ETF applications.