Dogecoin

Dogecoin’s price has broken a key resistance level, driven by retail investors, while whale activity declines. An analyst points to a bullish ‘Dragonfly Doji’ pattern, suggesting a potential run towards $1, as new ETFs see initial capital inflows.

Grayscale’s Dogecoin ETF launched on the NYSE to a lukewarm reception, with just $1.4 million in first-day trading volume. This starkly contrasts with the highly successful launches of Solana and XRP ETFs, which saw volumes over 40 times higher.

Dogecoin’s price surged by 5% following the launch of the Grayscale Dogecoin Trust ETF. The memecoin broke through key resistance levels, leading analysts to speculate if this marks the start of a new bullish phase.