- DOGE rebounds 7.44% to $0.1576, supported by high trading volume and renewed meme coin sector momentum.
- Speculation grows over potential DOGE spot ETF approval by 2025, increasing institutional exposure and mainstream financial interest.
Dogecoin (DOGE) is trading at $0.1576, showing a strong +7.44% increase in the past 24 hours, but still down -12.49% over the last 7 days. This recovery reflects renewed interest in meme coins following a broader market bounce.
Dogecoin now has a market capitalization of approximately $23.6 billion, ranking it #9 globally. Its 24-hour trading volume stands at over $1.53 billion, indicating elevated liquidity and short-term momentum.
Dogecoin’s recent momentum is growing optimism around the possibility of a spot DOGE ETF being approved in the near future. ETHNews analysts from sources like Bloomberg and S&P have placed the odds of approval at 70–90% by the end of 2025, a development that could bring further institutional capital into the DOGE market.
Supporting this narrative, Grayscale’s Dogecoin Trust, which launched earlier this year, continues to signal mainstream investment interest in the meme-inspired cryptocurrency.
From a technical perspective, DOGE recently retested and bounced off its 100-day Simple Moving Average, which had acted as dynamic support throughout the last three months.
The strong bounce seen today is being interpreted as a relief rally from oversold levels after falling more than 20% since mid-June. The RSI has recovered from sub-40 to above 52, signaling improving sentiment, though it’s not yet overbought.
The next resistance levels lie near $0.165 and $0.175, and a successful breakout above these zones could initiate a move toward $0.20 — a psychological and historical resistance area. Conversely, a breakdown below $0.15 would indicate weakness and could open a move back toward $0.135–$0.140.
