Dogecoin Price Drops 4% Amid Nasdaq Listing and ETF Speculation
The price of Dogecoin has decreased by 4% on the day and 24% over the week, currently trading around $0.20–$0.21.
Nasdaq Listing & Dogecoin ETF Developments
- The House of Doge plans to merge with Brag House Holdings for a $50 million deal, aiming to go public.
- The new entity will manage an ecosystem treasury of 837 million DOGE and promote DOGE integrations in various sectors.
- Several Dogecoin ETFs are under consideration by the SEC, potentially increasing regulated demand for DOGE.
Key Price Levels
- $0.20 is identified as critical support; falling below could lead to a drop towards $0.178.
- Resistance levels are set at $0.214 and $0.229, with a significant supply zone between $0.241–$0.254.
- A close above $0.25 may trigger a rise to the $0.29–$0.30 range, indicating a potential breakout.
Whale Activity and Market Patterns
- Whales have purchased approximately $42 million in DOGE during the recent price dip.
- DOGE is forming a multi-month triangle pattern, suggesting a possible substantial price move upon breaking $0.30.
- A successful break could lead to targets of $0.49 and eventually $1, especially if supported by Nasdaq listing and ETF approvals.