Dogecoin Price Forecast: DOGE ETF Hype Fuels Breakout Hopes as Profitable Supply Grows
By: bitcoin ethereum news|2025/05/03 06:45:01
0
Share
Dogecoin holds near $0.18 as ETF anticipation builds, backed by SEC leadership shift and strong institutional engagement. Despite $1.22M long liquidations signaling short-term pressure, RSI and EMA levels still hint at bullish potential. Dogecoin remained firm near $0.18 on Friday, in line with a wider crypto market rally recently. The price sets up major recovery from the April 7 low of $0.13. The momentum is sustained by increasing speculation about approval of Dogecoin spot Exchange Traded Funds (ETFs), potentially funneling a large influx of new capital into the market. The Securities and Exchange Commission (SEC) is in the process of considering applications filed by large fund managers such as 21Shares, Bitwise, and Grayscale to launch DOGE spot ETFs. Importantly, Nasdaq has filed Form 19b-4 to list shares in the 21Shares Dogecoin ETF. The proposals for DOGE ETFs picked up momentum when Paul Atkins, who is pro-crypto in nature, was elected to serve as chair of the SEC. His tenure has generated optimism among investors that the regulator will approve DOGE ETFs in the near future, with Bloomberg analyst Eric Balchunas giving it an 80% chance. Dogecoin ETF Gains Credibility, Traders Turn Optimistic The recent data indicates increasing optimism among investors and traders. The latest market update by market insight firm Santiment indicates collaboration between the Dogecoin Foundation and 21Shares through the House of Doge has lent legitimacy to the proposed ETF. Santiment said: The partnership between 21Shares and the Dogecoin Foundation (via the House of Doge) to promote the ETF has added credibility to the project, sparking stronger engagement from both longtime DOGE supporters and traditional investors looking for new opportunities, Social sentiment has also turned in a positive direction. Dogecoin is finally viewed more and more as more than a simple meme token and a real investing opportunity drawing institutional attention. Santiment charts highlight increasing social activity even as the SEC prolonged its review period for the DOGE ETF to June. Dogecoin Bulls Squeezed—$1.22M Longs Liquidated Even in a positive sentiment environment, open interest dropped by 2.76%, indicating interest is waning among traders. Though a long-to-short ratio remaining somewhat above one indicates more traders are anticipating upward price movements in anticipation of this token’s near-term potential. Over the last 24 hours, Dogecoin witnessed a short position worth $905.72K getting liquidated against merely $1.22 million in long ones. The long position liquidation indicates the market was probably declining for so short a time. This is a long squeeze when buyers with a bullish attitude are compelled to close their positions with a loss. The daily chart of Dogecoin is seen moving around $0.180, just above its 50-day Exponential Moving Average (EMA) of $0.1771. If DOGE is able to breach this point on a daily closing basis, it will test resistance near its 100-day EMA of $0.1734 and potentially its 200-day EMA of $0.1728 in the near future. The Relative Strength Index (RSI) is at 55, well above the midpoint, supporting a positive outlook. If RSI continues to move in an upward direction towards overbought levels, increasing momentum will strengthen even more, raising expectations of a long-term rally. Source: https://www.crypto-news-flash.com/dogecoin-price-forecast-doge-etf-hype/?utm_source=rss&utm_medium=rss&utm_campaign=dogecoin-price-forecast-doge-etf-hype
You may also like
WEEX P2P now supports BDT & LKR—Merchant Recruitment Now Open
To make crypto deposits easier, WEEX has officially launched its P2P trading platform and continues to expand fiat support. We're excited to announce that the Bangladeshi Taka (BDT) and Sri Lankan Rupee (LKR) are now available on WEEX P2P!
Morning News | SK Hynix officially launches the marketing promotion process for its U.S. stock listing; the Central Cyberspace Administration announces the results of the first phase of rectifying AI application chaos, with over 14,000 non-compliant pr...
July 6 Market Important Events Overview
Can Open USD support Stripe's ambitions?
Stripe collaborates with multiple parties to launch OUSD, not only challenging the dominance of USDC but also exposing its trillion-dollar ambition to transition from a "payment interface" to a "next-generation funds settlement network."
Blockchain Capital Partner: AI is rewriting the fundamental unit of labor
The rise of AI is rewriting the basic unit of labor from "positions" and "companies" to "tasks." When programmable labor meets programmable currency, a production line without companies, salary systems, or HR becomes possible for the first time.
The cryptocurrency industry has become a traditional industry
For entrepreneurs and retail investors still in this industry, they should either embrace the current changes or explore the next unpredictable field in cryptocurrency.
Chip frenzy cooling down? Morgan Stanley's Wilson: Funds are shifting towards AI supercomputing giants like Microsoft and Amazon
Morgan Stanley's chief equity strategist Wilson pointed out that the momentum in the semiconductor sector is waning, with the Philadelphia Semiconductor Index having dropped nearly 14% from its peak. Funds are shifting towards AI supercomputing giants like Microsoft, Amazon, and Meta, as well as sec...
Morning Report | Vitalik outlines Ethereum's long-term roadmap, Lean Ethereum will become the third major iteration; SK Hynix seeks to attract more AI investors by listing in the U.S
July 5 Market Important Events Overview
Trump, the best stock trader among U.S. presidents
Trump has almost turned the presidency into a business and maximized the conversion of presidential influence into commercial profits.
From ByteDance to Financial Freedom: How did "Byte Brother" Leto develop his investment judgment skills to achieve a turnaround of 30 million?
Speak with data and signals, validate judgments with A/B tests, and seek asymmetric returns with limited risk exposure.
Selling coins despite a loss of 55 million dollars, the faith in Strategy has reached the interest payment date
The moment faith was securitized, Bitcoin became a bill.
OUSD False Cooperation Controversy? The Credit Game of Stablecoins and Endorsements by Giants
The success of stablecoins does not rely on rallying a group of alliance members for marketing, but rather on whether they have real use cases and genuine users.
Q-Day Countdown: Will Quantum Computing End Cryptocurrency?
In the face of dormant coins being plundered by quantum computing power, should we firmly uphold the unalterable bottom line of "code is law," or should we enforce a soft fork to freeze legacy assets?
The ten years of Cloud on the Air: From corner coffee to global financial infrastructure
How did a remittance company grow into a financial infrastructure that can replace SWIFT; when it really reaches this scale, how should stablecoins be positioned for it; and what can AI integrate into this infrastructure?
$10,000 in TRUMP Token vs. $10,000 in Nasdaq: The "Trump Trade" That Actually Worked in 2026
TRUMP Token lost more than 96% after its launch, while Nasdaq stocks and NVIDIA delivered strong gains. Compare what happened to a $10,000 investment and explore why asset fundamentals matter more than market hype.
The impact of OUSD on Circle, Tether, and Paxos: not a single negative factor, but a more complex reshaping of competition
OUSD will not be the last new competitor; Circle needs to respond more actively in terms of products, distribution, and ecosystem collaboration.
Li Feifei's latest long article: When video generation, robots, and NVIDIA all claim to be world models, we need a taxonomy
Language gives machines a way to talk about the world. The world model is the means by which machines ultimately understand, imagine, reason, and interact with it.
Blaming the desolation of the cryptocurrency world on the rise of AI is a form of intellectual laziness
The emergence of giants signifies a mature business model. Although it will reduce speculative space, there is also enough room for error, allowing for the continuous emergence of new forces.
Strategy Founder: The Next 10 Years of Bitcoin
In the next decade, the biggest evolution of Bitcoin is precisely "responding to change with invariance." The four-year cycle is giving way to capital flows such as ETFs, corporate and sovereign reserves, and bank credit, while digital credit and digital currency will grow layer upon layer on top of...
WEEX P2P now supports BDT & LKR—Merchant Recruitment Now Open
To make crypto deposits easier, WEEX has officially launched its P2P trading platform and continues to expand fiat support. We're excited to announce that the Bangladeshi Taka (BDT) and Sri Lankan Rupee (LKR) are now available on WEEX P2P!
Morning News | SK Hynix officially launches the marketing promotion process for its U.S. stock listing; the Central Cyberspace Administration announces the results of the first phase of rectifying AI application chaos, with over 14,000 non-compliant pr...
July 6 Market Important Events Overview
Can Open USD support Stripe's ambitions?
Stripe collaborates with multiple parties to launch OUSD, not only challenging the dominance of USDC but also exposing its trillion-dollar ambition to transition from a "payment interface" to a "next-generation funds settlement network."
Blockchain Capital Partner: AI is rewriting the fundamental unit of labor
The rise of AI is rewriting the basic unit of labor from "positions" and "companies" to "tasks." When programmable labor meets programmable currency, a production line without companies, salary systems, or HR becomes possible for the first time.
The cryptocurrency industry has become a traditional industry
For entrepreneurs and retail investors still in this industry, they should either embrace the current changes or explore the next unpredictable field in cryptocurrency.
Chip frenzy cooling down? Morgan Stanley's Wilson: Funds are shifting towards AI supercomputing giants like Microsoft and Amazon
Morgan Stanley's chief equity strategist Wilson pointed out that the momentum in the semiconductor sector is waning, with the Philadelphia Semiconductor Index having dropped nearly 14% from its peak. Funds are shifting towards AI supercomputing giants like Microsoft, Amazon, and Meta, as well as sec...
Customer Support:@weikecs
Business Cooperation:@weikecs
Quant Trading & MM:bd@weex.com
VIP Program:support@weex.com
