The Dogecoin price is stuck in a lower market after having crashed more than 47% compared to its highest level in December.
Dogecoin (DOGE) Token was negotiated at $ 0.255 Thursday while the resumption after last week’s crash was held.
Many cryptographic investors believe that the Securities and Exchange Commission will approve an ETF Spot Doge later this year. According to PolymarketThe chances of an FNB of Dogecoin Spot went 62% Thursday, compared to a minimum of 27% in January.
Companies like Rex Osprey and Bitwise have tabled a term for a DOGECOIN ETF So far, and many others can follow.
Meanwhile, many traders believe that the Donald Trump administration will not approve a strategic Dogecoin reserve this year. The chances that this happens are blocked at 10%.
Another prediction shows that the chances that the price of dogecoin jumps and reaches $ 1 has dropped considerably as the room has dropped. Kalshi The data show that the chances of the Dogecoin price reach $ 1 by June 1 fell to 5%.
Likewise, the chances that this happens by January 2026 has increased from more than 60% in November of last year to 19%. With Dogecoin merchant at $ 0.2, he must jump by 400% to reach $ 1. Higher hopes of a Spot ETF approval and potential entries can be a catalyst for money.
Technical analysis of the price of the dogecoin
The daily graph shows that the price of the DOGE remains under pressure after falling by more than 47% compared to its highest level in December. It remains lower than the Fibonacci trace point at 50% at $ 0.2825.
DOGECOIN is also about to form a death model of death because the propagation between the exponential mobile averages of 50 days and 200 narrow days. A death cross often leads to more drawbacks because it points out that the Bears have prevailed.
Dogecoin also formed a pause and retest scheme when returning to $ 0.2622, his lowest swing in December. A break and a retest is also a sign of lowering continuation.
It also forms a low -level flag graphic pattern. Therefore, there is a risk that the medal of having a strong downward distribution, potentially at $ 0.20, the lowest point of this month. A decrease below this level risks Doge falling to $ 0.15, the level of Fibonacci trace of 78.6%.