Dogecoin (DOGE) has demonstrated bullish momentum, bouncing back from the critical support level of $0.143. The price formed a lower wick at $0.14297, indicating accumulation. It must reclaim the resistance levels between $0.16 and $0.17 to stabilize its upward trajectory.
The SEC’s delay in the ETF decision could hinder DOGE’s bullish potential. Analysts expect the decision around April 4, 2025. If approved, there is a 75% chance that DOGE could surge towards $1, bolstered by institutional interest.
Key liquidation areas for DOGE exist between $0.16 and $0.17. Increased trading volume and higher lows are essential to signal market strength for DOGE’s advance. If the price fails to hold the $0.143 level, increased volatility may ensue.
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