Dogecoin Latest Updates: DOGE Faces Uncertainty as ETF Decision Approaches

Dogecoin (DOGE) has once again challenged major resistance near $0.1800 after rebounding cleanly from its $0.1700 support, reigniting enthusiasm among both traders and market analysts. The

coin’s recent price movements have put a spotlight on technical signals and liquidity trends that may shape its short-term direction. After breaking above important resistance during Tuesday’s trading, encountered selling pressure as traders took profits, wiping out most of its gains for the day and hinting at possible near-term price swings. over whether the rally is underpinned by genuine accumulation or simply speculative trading.

The surge in price was accompanied by a 96% jump in trading volume,

and speculative bets. Still, the late-session pullback—driven by profit-taking—resulted in a lower high at $0.1842/$0.1821, a classic sign that bullish may be fading. Nevertheless, DOGE continues to trade above the crucial $0.1800 level, which has acted as a psychological support for buyers. that DOGE’s failure to hold above $0.1840 suggests the move was likely fueled by short-term liquidity rather than widespread demand.

From a broader perspective, technical analysis paints a larger picture. Dogecoin’s price currently fits within a “broadening wedge” formation, a pattern that has often preceded strong upward moves in the past. Observers have identified two “spring actions” within this structure—moments when the price briefly dips to support before bouncing back with renewed strength. in 2024, with another similar recovery in 2025, further validating the pattern. Should buyers push DOGE above the $0.1835–$0.1840 resistance zone, the next targets could be $0.1860–$0.1880. Conversely, a drop below $0.1800 might see the price revisit $0.1760 .

Metrics from the DeFi sector also reveal shifting trends within the

ecosystem. in DOGE-related DeFi projects has climbed to $15.87 million by early 2025, up from mid-2024, according to DeFiLlama. While on-chain transaction fees and DEX trading volumes remain modest—below $1 million and $5 million per month, respectively—the growing liquidity base could support future expansion. that the current sideways movement reflects a battle between short-term speculators and institutional investors, who are watching for triggers like the potential approval of the Bitwise spot DOGE ETF.

The Bitwise ETF, which is on track for automatic approval under Section 8(a) of the Securities Act unless the SEC steps in, has already become a positive catalyst for DOGE’s price. The 20-day countdown to a decision has fueled speculation, with traders monitoring volume surges and order book activity for signs of institutional involvement

. Meanwhile, Ethereum’s (ETH) recent rally to $3,600 has indirectly boosted altcoins like DOGE, as overall market sentiment shifts toward riskier assets.

For now, traders are closely watching whether DOGE can maintain support above $0.1800. A consistent close above $0.1835 could revive bullish sentiment, while a drop below this level would likely prompt a retest of the $0.1760 support.

that while speculation around the ETF serves as a backdrop, short-term price action is mainly dictated by technical setups and profit-taking from recent whale activity.