The price of Dogecoin rises 2% as merchants go to this BTC ICO

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The price of Dogecoin rose 2% in the last 24 hours to operate at $ 0.2661 at 04:10 am to negotiation volume that fell 28% to $ 1.4 billion.

This increase in the Doge price occurs when the United States Commission of Securities and Securities (SEC) recognized the presentations of the Grayscale cryptographic asset manager to enumerate a Spot Dogecoin Colled Funds (ETF).

The agency is now configured to start reviewing the presentation of the 19B-4 form of Grayscale and decide the requests within the deadline of 240 days required.

New: there is, the sec has just recognized <a target="_blank" href="https://twitter.com/Grayscale?ref_src=twsrc%5Etfw”>@Grayscale AND <a target="_blank" href="https://twitter.com/NYSE?ref_src=twsrc%5Etfw”>@NYSE'S 19B-4 Presentation to list an ETF XRP

(This was mostly expected, but officially means that the clock will begin soon for this and Dogecoin) pic.twitter.com/iqgtqpiio

– James Seyffart (@jseyff) <a target="_blank" href="https://twitter.com/JSeyff/status/1890161971653398806?ref_src=twsrc%5Etfw”>February 13, 2025

Dogecoin prices analysis: potential reversal or additional disadvantage?

He PIVERED PRICE is at the moment in a corrective phase after a strong bullish rally that reached its maximum point around $ 0.45. The price of Dogecoin has become significantly and now quotes around $ 0.2661.

Doge then formed a key support zone between $ 0.296 and $ 0.32 (highlighted in purple), according to Geckoterminal. However, he could not contain this support and broke, indicating a bearish impulse and a change in the feeling of the market.

Recently, Doge's price found a temporary support near the 200 -day simple mobile average (SMA) at approximately $ 0.2326. The price of Dogecoin is now consolidating just above this level, insinuating a possible rebound if buyers recover control.

Meanwhile, the 50 -day SMA (white line) is currently at $ 0.3245 and downward trend, indicating a short -term bassist feeling.

The relative force index (RSI) is 39.81, indicating that the asset is approaching the territory of overalls. The RSI below 40 often suggests potential for reversal, especially if it is compatible with volume.

Analysis of the Dogecoin pricing table Source: Geckoterminal — DOGE/USDT Graph Analysis Source: Geckoterminal

DUX pricing prediction

The Doge price is at a critical crossroads, consolidating above a key long -term support level. The cross of death and weakened RSI insinuate a possible inconvenience. If Doge does not remain above the 200 -day SMA, the price could fall to $ 0.20 or even $ 0.18, marking a deeper setback before any recovery.

However, if the RSI points out a rebound and an overene volume admits the movement, the price of Dogecoin could attempt a recovery, with a potential objective of $ 0.38– $ 0.40.

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https://www.youtube.com/watch?v=J89drxgxc2u

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The system failed us. Then we create a new one. BTCBull leads the load. pic.twitter.com/dsoz7fpzt8

– Btcbull_token (@btcbull_token) <a target="_blank" href="https://twitter.com/BTCBULL_TOKEN/status/1889278936137498980?ref_src=twsrc%5Etfw”>February 11, 2025

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