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The Dogecoin price climbed 2% in the last 24 hours to trade at $0.2661 as of 04:10 a.m. EST on trading volume that plunged 28% to $1.4 billion.
This uptick in the DOGE price comes as the US Securities and Exchange Commission (SEC) acknowledged filings from crypto asset manager Grayscale to list a spot Dogecoin exchange-traded funds (ETF).
The agency is now set to start reviewing Grayscale’s Form 19b-4 filing and decide on the applications within the required 240-day deadline.
NEW: There it is — The SEC just acknowledged @Grayscale & @NYSE’s 19b-4 filing to list an XRP ETF
(this was mostly expected but officially means the clock will start soon for this and Dogecoin) pic.twitter.com/IQgTqPiiOe
— James Seyffart (@JSeyff) February 13, 2025
Dogecoin Price Analysis: Potential Reversal Or Further Downside?
The DOGE price is currently in a corrective phase after a strong bullish rally that peaked around $0.45. The Dogecoin price has retraced significantly and is now trading around $0.2661.
DOGE then formed a key support zone between $0.296 and $0.32 (highlighted in purple), according to GeckoTerminal. However, it failed to hold this support and broke down, indicating bearish momentum and a shift in market sentiment.
Recently, the price of DOGE found temporary support near the 200-day Simple Moving Average (SMA) at approximately $0.2326. The price of Dogecoin is now consolidating just above this level, hinting at a potential rebound if buyers regain control.
Meanwhile, the 50-day SMA (white line) is currently at $0.3245 and trending downward, indicating short-term bearish sentiment.
The Relative Strength Index (RSI) is at 39.81, indicating that the asset is approaching oversold territory. The RSI below 40 often suggests potential for a reversal, especially if supported by volume.
DOGE Price Prediction
The DOGE price is at a critical crossroads, consolidating above a key long-term support level. The death cross and weakened RSI hint at a possible downside. If DOGE fails to hold above the 200-day SMA, the price could drop to $0.20 or even $0.18, marking a deeper retracement before any recovery.
However, if the RSI signals an oversold bounce and volume supports the move, the Dogecoin price could attempt a recovery, with a potential target of $0.38–$0.40.
As the DOGE price climbs, investors are rushing to buy a new Bitcoin alternative called BTC Bull (BTCBULL). 99Bitcoins, a prominent YouTube channel with over 725k subscribers, says BTC BULL Token has the potential to soar 10X after launch.
BTC Bull Token ICO Hits $1.3 Million In Less Than 96 Hours – Best Crypto To Buy Now?
After launching less than 4 days ago, the project has achieved a record-breaking $1.3 million raise, illustrating considerable market appeal.
This Bitcoin-themed meme coin has gone viral because BTCBULL is one of the first meme projects to offer its holders a direct way to earn actual Bitcoin (BTC).
Every time Bitcoin reaches a new price milestone the BTC Bull Token project will distribute BTC airdrops to its holders. The next price milestones that will trigger airdrops are $150K and $200K.
The system failed us. So we created a new one. BTCBULL is leading the charge. 🐂🔥 pic.twitter.com/DSoZ7fPzt8
— BTCBULL_TOKEN (@BTCBULL_TOKEN) February 11, 2025
In addition to BTC airdrops, the team will also carry out a series of token burns, permanently removing a portion of the total supply. The aim is to follow in Bitcoin’s footsteps and increase scarcity and value.
Investors interested in participating in the presale can visit the official BTC Bull website to buy BTC BULL Tokens for $0.00236 each using BNB, ETH, USDT, or a bank card. Bitcoin Bull token holders can also earn passively by staking the tokens for an annual percentage yield (APY) of 292%.
Buy before a price hike in less than 2 days to secure the best deal.
Buy BTCBULL Tokens on the official website here.
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