How High Can Dogecoin Price Soar If DOGE ETF Approved in 2025?

Jakarta, Pintu News – The Dogecoin (DOGE) price experienced a small rebound after several days of decline. According to Coinagpe (13/2/25), this meme coin has just tested the crucial support level at $0.14, before finally experiencing an increase and managed to break $0.16. This movement sparked optimism among traders regarding the potential recovery of DOGE prices.

With the market starting to show signs of recovery, many speculations have sprung up regarding the possibility of a bigger surge for Dogecoin. Moreover, the potential approval of a Bitwise ETF in 2025 could be a major catalyst driving prices higher.

How High Can Dogecoin Price Rise If ETF Approved in 2025?

The U.S. Securities and Exchange Commission (SEC) has confirmed that it has received an application for a Dogecoin ETF from Bitwise. This is an important step towards the possible launch of a dedicated exchange-traded fund (ETF) for Dogecoin.

Currently, the SEC is reviewing the application, and its decision could have a major impact on the crypto market. If the ETF is approved, it will likely trigger an increase in Dogecoin investment and trading activity throughout 2025.

Read also: Dogecoin Jumps 4% on March 13 – X Post Sparks Buzz Across the Community!

The price of DOGE has seen significant movement recently, as speculation about the approval of a Dogecoin ETF in 2025 intensifies.

Current market probabilities indicate a 70% chance of approval by the end of 2025, an increase of 33% in just the last few weeks. This speculative trend has further strengthened after a series of market events that affected sentiment towards Dogecoin.

Can Dogecoin Price Reach $0.30 by the End of March?

As of March 12, 2025, the Dogecoin (DOGE) price is at $0.1694, registering a small gain of 2.5% in the last 24 hours. Although volatility is still high, DOGE shows potential for further growth, especially as it remains above a crucial support level.

In recent weeks, the price of DOGE has experienced significant fluctuations, with a low at $0.1598 before experiencing a slight recovery. Currently, the next resistance level is around $0.20, and if the bullish momentum continues, the price could surge to $0.30.

Read also: Bitwise Launches OWNB ETF, Bitcoin Investment Without Holding BTC!

The Moving Average Convergence Divergence (MACD) indicator shows a positive trend, with the MACD line at 0.00189 and the signal line at -0.00783. This indicates that the upward momentum could persist, especially if the MACD line stays above its signal line.

In addition, the Chaikin Money Flow (CMF) also moved positive at 0.17, signaling strong buying pressure in the market.

Many traders are currently eyeing a $0.30 price target for Dogecoin, which translates to a potential 77% upside from the current price. However, achieving this is still highly dependent on overall market conditions and the continuation of positive technical signals.

Overall, if the Bitwise ETF is approved, Dogecoin could get a big boost in 2025 and if the bullish trend continues, the DOGE price could soon reach the $0.30 level in the near future.

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Trading crypto carries high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

Reference:

• Coingape. Can Dogecoin Price See a Major Boost with Bitwise ETF in 2025? Accessed on March 13, 2025