Oh, what do we have here? Dogecoin, the class clown of crypto, takes a nose diveâseriously, it slumps harder than me getting out of bed in the morningâdown 23% this month. I mean, what is this, amateur hour?
Dogecoin (DOGE) tanked to $0.2200. That’s its lowest since July 18, which is… well, not exactly a highlight reel. But donât worry, the experts have THREE (not two, not fourâTHREE) reasons why it might bounce back:
- Golden cross. No, not the breaded kind, the chart kind.
- Everyoneâs favorite: DOGE ETF approval hope đ€
- Crypto market rallyâbecause why let Bitcoin have all the fun?
Dogecoin price has “strong technicals” (Allegedly)
First reason: the golden cross pattern. For the uninitiated, thatâs when the 50-day moving average finally gets over its commitment issues and crosses above the 200-day moving average. đđș
Historically, this has led to âprolonged upside.â What does that even mean? Last year, Dogecoin did this little dance in October and shot up 270%. Maybe you made money. Maybe you cried yourself to sleep. Whoâs counting?
Fun with patterns: DOGE hits a double-bottom at $0.1467 and a ânecklineâ (not a real neck, trust me) at $0.2596 in May. Supposedly, if you do some crypto mathâthink of carrying the one and squinting hardâyou could be looking at $0.3763. You know what else could happen? It could go to zero. But hey, optimism! đ„ł
The Elliott Wave pattern is also here, because if thereâs one thing crypto loves, itâs complicated wave talk. DOGE is in âwave two,â and the third wave is always the biggest, according to some guy on YouTube.
Rising DOGE ETF approval odds (Or so they say)
Next up, everybodyâs favorite regulatory overlordsâthe SEC. Word on the street is, DOGE ETF approval odds are up to 75%. Iâm not saying to call your mother, but, you know, maybe text her⊠just in case.
Grayscale, Bitwise, REX Shares, 21Sharesâtheyâre all filing paperwork faster than I can order takeout. Why? Well, DOGE is proof-of-work like Bitcoin and Ethereum. If it walks like a Bitcoin and quacks like an Ethereum, I guess⊠it gets its own ETF?
If this gets approved, you can expect inflowsâbig ones. Look at Bitcoin ETF: $56 billion! Ethereum: $10 billion! Dogecoin… letâs see what the dog drags in, huh? đŠŽ
Potential crypto market rally (Because why not?)
The last hope: overall crypto market rally. Bitcoinâs got some âbullish pennant patternâ happening and, apparently, this means everything else is going to the moon too. Sure, Iâve heard that before. Iâve also heard âitâs just a coldâ before a three-week fever.
Will DOGE go up? Will memes make you rich? Will anything in crypto ever make sense? Honestly, who knows. But hey, if nothing else, youâve got a talking dog and some shiny charts. đż
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2025-07-30 20:01