Dogecoin has bounced back strongly, more than doubling in value since Friday’s lows to trade above $0.20.
The recovery follows one of the harshest crypto sell-offs of the year – but this time, investors see new reasons for optimism.
Nasdaq Listing Sparks Hype
The House of Doge, a corporate entity tied to the Dogecoin Foundation, has announced plans to list on Nasdaq through a merger with Brag House Holdings. The deal, backed by $50 million, marks Dogecoin’s first real step into mainstream finance. With 837 million DOGE held in its ecosystem, the listing aims to link crypto with sectors like gaming and college sports, giving the brand a broader cultural presence.
At the same time, traders are watching closely as the SEC considers multiple Dogecoin ETF applications from 21Shares, Bitwise, and Grayscale. The recently launched DOJE ETF has already pulled in $30 million despite high fees, suggesting strong demand for more accessible DOGE-based funds once approvals roll in.
Charts Turn Bullish Again
Dogecoin’s technicals are also flashing green. After plunging to $0.10, the coin has formed both hammer and morning star patterns on the daily chart – two classic bullish signals. Analysts now target $0.25 as the next key resistance, while $0.17 remains near-term support.
Veteran trader Trader Tardigrade believes the recovery echoes Dogecoin’s past cycle behavior, where deep corrections were often followed by sharp rebounds. “DOGE tends to explode after losing 80% from its highs,” he noted.
With public listing plans, ETF momentum, and renewed technical strength all converging, Dogecoin’s next breakout may already be in motion – proving once again that meme coins thrive when the market least expects it.
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Alex is an experienced financial journalist and cryptocurrency enthusiast. With over 8 years of experience covering the crypto, blockchain, and fintech industries, he is well-versed in the complex and ever-evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His approach allows him to break down complex ideas into accessible and in-depth content. Follow his publications to stay up to date with the most important trends and topics.
Source: https://coindoo.com/dogecoin-price-outlook-can-nasdaq-and-etf-buzz-drive-the-next-doge-rally/