Dogecoin (DOGE) Eyes $0.195 as Bitcoin Rally and ETF Hopes Boost Momentum

Dogecoin (DOGE) continues its bullish momentum, recently climbing past $0.18 and signaling renewed investor interest. Just a week ago, DOGE was struggling to break above the $0.1568 resistance level, but it has since surged, reaching a high of $0.1923 before undergoing a slight correction. According to CoinMarketCap data, DOGE is currently trading at $0.1813, marking a 1.1% gain over the past 24 hours and a 15% increase in the last seven days. Trading volume remains strong, rising 29.63% to $1.96 billion, reflecting sustained market activity despite minor price pullbacks.

DOGE’s recent price action suggests a bullish breakout could be imminent, supported by a pattern of higher lows and strong ecosystem engagement. Analysts note that Dogecoin’s movements often correlate with Bitcoin (BTC). With BTC aiming for the $100,000 milestone, optimism is growing that DOGE could ride the rally towards $0.195 if current momentum holds. An 80% surge in trading volume previously fueled DOGE’s rebound, indicating that increased market participation could further propel prices.

Adding to the bullish sentiment, the Dogecoin community is closely watching several pending exchange-traded fund (ETF) applications awaiting review by the U.S. Securities and Exchange Commission (SEC). Approval of any DOGE-related ETF could have a significant long-term impact on the meme coin’s valuation, potentially driving further investor enthusiasm. As market dynamics evolve, Dogecoin’s strong trading volume, Bitcoin correlation, and ETF anticipation position it favorably for continued gains.