Dogecoin Price Prediction: Can Bitwise ETF Push DOGE to $15?

DOGE Price Prediction: Can Dogecoin Hit $15 with ETF News?

On January 22, Bitwise Asset Management, a crypto fund manager, announced that it has officially submitted an application to the U.S. Securities and Exchange Commission (SEC) to launch a Dogecoin (DOGE) exchange-traded fund (ETF).

The filing details are available on the Delaware Department of State’s Division of Corporations website. The registered agent listed in the application is CSC Delaware Trust Company.

Whale Activity Surges

On January 22, data from Santiment revealed that whales purchased an additional 590 million Dogecoin ($DOGE) within the past 24 hours. This surge in large-scale buying suggests increased speculation around Dogecoin, potentially driven by anticipation of market movement or future developments.

Dogecoin Technical Analysis

As per Ali, Dogecoin $DOGE has been trading inside the falling wedge from 21 January. If the Memecoin breaches the pattern then adding the depth to the breakout will lead Dogecoin price towards $0.39!

On the weekly chart, Dogecoin price is trading inside the Ascending channel pattern from long term. Crypto Analyst Ali Martinez revealed that DOGE price may touch $15 if Dogecoin ETF is approved.

What’s Next for Dogecoin?

On the 4-hour chart, Dogecoin appears to be following a trend of lower lows and higher highs. The price is currently hovering at the lower boundary of its channel, indicating a key moment for memecoin. If the cryptocurrency takes support and rebound then the next target is near $0.4400 which is the upper band of the channel. However a break below the pattern leads to selling pressure and takes support near the $0.3100-$.3000 level.