Dogcoin $0.166105It draws attention with the creation of a rare diamond foot formation in the daily graph. Technical Analyst Trader Tardigrade said that this formation may be a harbinger of the rise tendency. Various indicators argue that the price has an increase potential of up to 105 %. In recent weeks, price fluctuations are experienced, the tendency to rise during the month is observed.
Technical Analysis Findings
Daily Diege/USD chart was detected in diamond foot formation. The formation signal a positive turn of confirmed after a long decline trend. Analyst reports stated that the fracture level was in the range of $ 0.165-0.17. Some indicators and drawings in the graph indicate the possibility of rising up to $ 0.35.
ETF approval expectations
The market began to move on the stock market investment fund (ETF), which is expected to be released for Dogecoin. Bitwise, 21shares, Grayscale and Rex Shares, such as companies, the US Securities and the Stock Exchange Commission expects approval. According to Polymarket data, the likelihood of ETF approval increased by 25 percent, until the end of 2025 63 percent of the probability of approval was expressed.
Long -term investor support
In addition, according to Intothheblock’s data, the time held by the doge owners has significantly increased in the last 90 days. According to the data, the average eclipse time of the traded Doge Coins increased by 526 %. This is similar to the investor behaviors in the last 2021 bull period. Increasing long -term investor habits can contribute to the stability of the price by reducing sales pressure.
According to Ali Charts’ assessments, price support is tested at $ 0.167.
Ali Charts: “If this level is at this level, a recovery between 0.175 and $ 0.183 can be observed.”
Both analysts say that the preservation of the $ 0.165-0.167 range is critical for the continuation of the rise momentum.
The positive intersection observed in the price momentum oscillator (PMO) indicator may support additional gains if the purchase volume increases. These technical signals indicate that the current rise acceleration will continue if market participants maintain their current support levels.
Experts say that with ETF approval, more inclusion of corporate investors on the market may increase the demand. This is expected that when combined with the expected positive technical signals, the price can exceed $ 0.255 and enter a stronger rise trend.
This development, which is carefully followed by investors and market observers, is considered important in terms of both technical analysis and corporate fund movements. Price indicators and investor behaviors indicate that Dogecoin may experience potential increases in the near future.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
