Back when everyone was saying that **Dogecoin was headed “to the moon”** and would eventually reach **$1**, few people believed that we would ever revisit price levels like the ones we are seeing today. However, in recent months—alongside ongoing discussions about **ETF approvals** and **Solana successfully passing this tough test**—rumors surrounding the potential **approval of a Dogecoin ETF** have started to grow louder.
In this context, **21Shares** has submitted another update to the **U.S. Securities and Exchange Commission (SEC)**, stating that it plans to purchase **$1.5 million worth of DOGE** at the time of the ETF’s launch. This comes despite the fact that existing DOGE-related ETFs have so far recorded **no capital inflows**.
As the launch of a Dogecoin ETF approaches, **trading volume and market liquidity** have increased, creating conditions that could support **fast and aggressive price moves**. Now that a DOGE ETF appears to be on the horizon, the key question is whether this development could **fundamentally change the game for Dogecoin**.
This month, the number of **active Dogecoin addresses** has risen sharply, even exceeding levels seen over the past several months. This surge may point to **greater accumulation and strengthening underlying demand**.
At the same time, **whales and large holders** have been accumulating **millions of DOGE**, which could signal **strong potential buying power** or even the early stages of a **bullish market setup**.
Despite all of this, my personal approach is to look for buying opportunities either **at the defined pattern support** or **after a confirmed breakout**. In both scenarios, the **price target for this move is around $0.15**.
So… what do you think, **Elon**? 🚀🐶
In this context, **21Shares** has submitted another update to the **U.S. Securities and Exchange Commission (SEC)**, stating that it plans to purchase **$1.5 million worth of DOGE** at the time of the ETF’s launch. This comes despite the fact that existing DOGE-related ETFs have so far recorded **no capital inflows**.
As the launch of a Dogecoin ETF approaches, **trading volume and market liquidity** have increased, creating conditions that could support **fast and aggressive price moves**. Now that a DOGE ETF appears to be on the horizon, the key question is whether this development could **fundamentally change the game for Dogecoin**.
This month, the number of **active Dogecoin addresses** has risen sharply, even exceeding levels seen over the past several months. This surge may point to **greater accumulation and strengthening underlying demand**.
At the same time, **whales and large holders** have been accumulating **millions of DOGE**, which could signal **strong potential buying power** or even the early stages of a **bullish market setup**.
Despite all of this, my personal approach is to look for buying opportunities either **at the defined pattern support** or **after a confirmed breakout**. In both scenarios, the **price target for this move is around $0.15**.
So… what do you think, **Elon**? 🚀🐶
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.