Dogecoin price recently suffered a 20% drop before rebounding as the broader crypto market stabilized. Analysts now suggest that DOGE could surge by 89%, fueled by technical indicators and investor optimism.

Meanwhile, speculation around a DOGE ETF is intensifying after Bitwise CIO Matthew Hougan hinted at the possibility of a Dogecoin ETF, citing its longevity and strong community.

As institutional interest in crypto ETFs grows, Dogecoin may see benefits from potential regulatory approval. Meanwhile, DTX Exchange (DTX), a high-potential hybrid TradFi and DeFi platform, has already raised over $13 million in its presale, presenting investors with a promising alternative.

DOGE ETF Speculation: A Potential Catalyst for Dogecoin Price?

Matthew Hougan’s latest remarks suggest that a DOGE ETF is not off the table. He acknowledged Dogecoin’s 12-year history, fair launch, and active community as key factors that could make it eligible for ETF consideration. However, he also stated that DOGE lacks fundamental value beyond its memetic appeal.

A DOGE ETF would provide a regulated, institutional gateway for investors to gain exposure to Dogecoin price action without relying on centralized exchanges. With Bitcoin ETFs already attracting over $50 billion in inflows, a similar trend could emerge for DOGE if it secures approval. But institutional adoption remains uncertain, as Hougan cautioned that meme coins with low liquidity and significant insider ownership are unlikely to receive approval.

While speculation around a DOGE ETF is growing, Dogecoin price remains highly volatile. Technical indicators now suggest that DOGE could be primed for a major rally, with price targets set at $0.53, $0.706, and potentially $1.

Dogecoin Price Prediction: Can DOGE Rally 89%?

Following its recent 20% drop, Dogecoin has shown signs of recovery, with analysts pointing to a potential 89% surge if key resistance levels are broken.

Source: Tradingview

The DOGE price chart indicates a strong support level around $0.262, while mid-range resistance sits near $0.356. A move past $0.483 would confirm bullish momentum, potentially leading DOGE toward $0.706, its 1.618 Fibonacci extension target. If momentum remains strong, DOGE could test the psychological $1 level, a milestone that many investors have been anticipating.

Technical indicators further support a potential breakout. The Relative Strength Index (RSI) is at 41, signaling a recovery from oversold conditions. The MACD shows a weak bullish crossover, hinting at an early-stage trend reversal. Historical fractals suggest that Dogecoin price tends to drop below its range before rebounding, aligning with previous breakout patterns.

DTX: A $0.16 Altcoin Poised for Growth as DOGE Speculation Grows

While Dogecoin price remains tied to speculation about a DOGE ETF, DTX Exchange is making waves as a next-gen trading platform, bridging traditional finance (TradFi) and decentralized finance (DeFi). Unlike meme coins, which rely on hype and viral momentum, DTX is built on fundamentals, offering a high-speed, secure, and multi-asset trading ecosystem.

DTX operates on the VulcanX blockchain, which demonstrated a capacity of 200,000 transactions per second (TPS) during its testnet, a significant improvement over legacy blockchains. With a fixed token supply of 100 million, scarcity could drive long-term value appreciation, similar to how Ethereum’s supply constraints contributed to its rise.

Security remains a priority, with SolidProof auditing ensuring protection against counterparty risks, a growing concern in crypto markets. By combining forex, stocks, crypto, and ETFs into a single trading platform, DTX Exchange is positioning itself as a pioneer in the hybrid finance sector.

If DTX Exchange’s adoption accelerates, its price trajectory could mirror early-stage Ethereum and Binance coins, which surged as their ecosystems expanded. Currently in its final presale round, with over $13M raised at $0.16, analysts believe DTX has the potential to outperform meme coins over the long term.

What’s Next for Dogecoin and DTX?

The fate of Dogecoin largely depends on whether a DOGE ETF materializes and whether institutions show interest in regulated meme coin investments. Market sentiment will also play a critical role, with Elon Musk’s potential involvement acting as a wildcard that could drive additional momentum. However, for investors seeking more stability and long-term value, DTX Exchange presents a high-utility alternative that isn’t reliant on speculation or hype.

To know more about the DTX Exchange ecosystem, visit:

 

Disclosure: This is a sponsored press release. Please do your research before buying any cryptocurrency or investing in any projects. Read the full disclosure here.