While Dgecoin (Doge) is watching during a narrow consolidation period, comments from analysts and the mobility in the futures markets increase hopes that the price may exceed previous record levels. Current market data show that investors’ interest in Dogge revives again. Increasing corporate interest with Spot ETF application may be a harbinger of a new era. According to experts, Dogecoin may experience a significant price increase in the short and medium term due to technical formations. Doge, which is on the radar of both individual and corporate investors, has become one of the most talked about subcoins of the recent period.
Transaction volume is increasing, the market is moving
According to the latest data, Dogecoin’s trading price was around 0.1569 dollars, while a 24 -hour period increased by 3.3 %. The lowest level of the day was measured as $ 0.1532. Price movements in this narrow band give clues that a major break is approaching. Particularly in recent days, the positive transaction tendency has directed the attention of investors to Doge.
It is stated that the number of open positions in the term trading markets reached 9.87 billion, which represents a value of approximately 1.54 billion dollars. The open position increase of over 5 %shows that investors continue to take positions on Doga with leveraged transactions. This development is interpreted that a possible rise can be supported by a strong procurement pressure.
Some market analysts, who make statements on social media, predict that the price of Dogecoin can rise up to $ 0.29. More assertive comments argue that Doge can rise up to $ 5.60. The breaking of the Falling Wedge ”formation in technical indicators is also considered as a technical signal that supports this rise scenario.
ETF application that can increase corporate interest
The most remarkable development in increasing corporate interest in Dogecoin was that 21shares applied Spot Doge ETF. If this application is approved, a new mass of investors may occur for Dogecoin. Corporate investors, which have the opportunity to invest in crypto currencies through ETFs, can affect the market, especially with high -volume transactions. This may pave the way for more stable and permanent increases in the price of Dogecoin.
The fact that Doge is still one of the most followed projects among the Altcoins makes great interest in media and social platforms. This directly affects investor behaviors. The fact that the last 24 -hour transaction volume increased by 6 %to $ 586 million shows that retail investors are interested in.
Experts say that Dogecoin is acting with the general trends in the market, but the current conditions point to a stronger rise potential than the past. In addition to technical indicators, market sensitivity and institutional developments will play an important role in shaping Dogge’s future performance.
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.
