DOGE
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Despite the combination of bullish catalysts that would have typically ignited a rally, Dogecoin (DOGE) stays structurally trapped. The leading memecoin is still trading around $0.15, failing to break resistance even as Wall Street opened its doors via the newly listed Grayscale Dogecoin Trust ETF (NYSE: GDOG).
Related: Grayscale’s DOGE and XRP ETFs Set To Surprise Market With Debut on NYSE
Crypto analyst Ali Martinez has noted that the DOGE/USD pair has retested the support level around $0.144 five times year-to-date. The large-cap memecoin, with a fully diluted valuation of about $22.8 bill…
Read The Full Article Dogecoin Price Trap: Why ETF Inflows Haven’t Triggered a Breakout Yet On Coin Edition.