Dogecoin (DOGE) price has experienced a slight rebound after a few days of decline. The meme-based coin recently tested its critical support level at $0.14. Following this, the price saw a rise, pushing above $0.16, sparking optimism among traders for a potential recovery. With the market showing signs of a bounce-back, many are speculating whether Dogecoin could see a significant boost, especially with the potential approval of a Bitwise ETF in 2025.
How High Could Dogecoin Price Go with New ETF Approval in 2025?
The U.S. Securities and Exchange Commission (SEC) has confirmed it has received an application for a Bitwise Dogecoin ETF. This marks a key step toward the possible launch of a Dogecoin-specific exchange-traded fund.
The SEC is currently reviewing the application, and the decision could have a major influence on the cryptocurrency market. Should the ETF be approved, it could spark increased investment and trading activity in Dogecoin throughout 2025.
BREAKING: The SEC has accepted the application for the Bitwise $DOGE ETF pic.twitter.com/zXv95kGz3b
— CEO (@Investments_CEO) March 12, 2025
The DOGE price has seen significant movement recently, with speculation around the approval of a Dogecoin ETF in 2025 reaching new heights. The current market probability suggests a 70% chance of approval by the end of 2025, marking a substantial increase of 33% in recent weeks. This speculation has gained traction following a series of market events that have influenced sentiment around Dogecoin.
Source- Polymarketcap
Will Dogecoin Price Hit $0.3 By the End of March?
The DOGE price hovered at $0.1694 as of March 12, 2025, reflecting a minor increase of 2.5% within a 24-hour period. Despite recent volatility, the meme coin shows potential for further growth, particularly as it remains above crucial support levels.
Over the past few weeks, DOGE’s price faced significant fluctuations. The top coin reached a low of $0.1598 before slightly recovering. The next resistance level sits around $0.20, with a potential surge to $0.30 if bullish momentum continues.
The Moving Average Convergence Divergence (MACD) indicator reflects a positive trend, with the MACD line at 0.00189 and the signal line at -0.00783. This suggests that the price could maintain upward momentum, especially if the MACD continues above its signal line.
The Chaikin Money Flow (CMF) is also on a positive trajectory at 0.17, signaling strong buying pressure in the market.
Traders are eyeing a potential price target of $0.30 for the Dogecoin price prediction, which would represent a 77% increase from its current price. However, this price action depends heavily on broader market conditions and the continuation of positive technical signals.
Source: TradingView
Conclusion, the approval of the Bitwise ETF could potentially give the Dogecoin price a major boost in 2025. If the bullish gain trend the meme coin price will hit the $0.3 level soon.
The post Can Dogecoin Price See a Major Boost with Bitwise ETF in 2025? appeared first on CoinGape.
