Dogecoin Price Trap: Why ETF Inflows Haven’t Triggered a Breakout Yet

By Coin Edition
2 days ago
DOGE BULLISH ETF DOGE WOULD
  • Dogecoin (DOGE) remains pinned below $0.20 despite the launch of Grayscale’s GDOG ETF.
  • The Federal Reserve ends Quantitative Tightening (QT) on Dec 1, a key liquidity catalyst.
  • Technical fractals suggest a “Third Wave” accumulation before a potential parabolic breakout.

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.

Related News