Dogecoin Price Prediction: DOGE Pumps 10% As 21Shares Files For Dogecoin ETF, While This AI Pepe Hybrid ICO Closes On $8M

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Dogecoin price
Dogecoin price

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The Dogecoin price has pumped 10% in the last 24 hours to trade at $0.1560 as 3:30 a.m. EST on a 1% slump in trading volume to $2billion.

This DOGE price surge comes after the asset manager 21Shares submitted an S-1 filing to the SEC (Securities and Exchange Commission) to launch a Dogecoin ETF (exchange-traded fund).

The proposed fund is designed to passively track the price of DOGE, with Coinbase Custody Trust appointed as the official custodian.

In a strategic move, 21Shares has also partnered with the House of Doge to handle marketing and advisory efforts. This filing puts 21Shares in the company of other major players like Bitwise, REX Shares, and Grayscale, all seeking SEC approval for Dogecoin ETFs.

Dogecoin Price Consolidates Before A Bullish Rally Takes Up

Dogecoin’s broader technical structure shows a potentially bullish setup forming after a prolonged downtrend. The chart highlights a completed double-top pattern around the $0.58 to $0.60 region, which signaled a major bearish reversal.

After failing to break above this level again, DOGE plunged below the neckline near $0.26, confirming the bearish pattern and leading to a sustained drop within a well-defined bearish channel. This channel saw the price fall consistently from $0.50 down to the key support zone around $0.12 – $0.13.

This support zone has been tested twice, forming a double bottom, often a strong signal of a potential bullish reversal. The neckline for this double bottom appears around the $0.20 mark.

Dogecoin price

DOGEUSDT Analysis Source: Tradingview

Dogecoin Teeters At Key Support As Breakout Toward $0.40 Looms

If DOGE breaks above $0.20 with convincing volume, it could trigger a recovery rally targeting the next significant resistance zone between $0.35 and $0.40, as suggested by the green arrow on the chart. However, a failure to hold the $0.12 support could invalidate this bullish setup and result in further downside.

The Relative Strength Index (RSI) currently stands at 42.60, indicating bearish-to-neutral momentum. While it’s below the 50 mark, it’s not yet in oversold territory, meaning there’s still room for both upward or downward price movement, depending on market sentiment.

DOGE sits at a pivotal level. A breakout above $0.20 could confirm the double bottom and open the door to a move toward $0.35-$0.40, while a breakdown below $0.12 support could resume the bearish trend. Traders and investors should watch price action closely at these levels for confirmation of the next major move.

MIND Of Pepe Presale Closes On $8 Million – Next Crypto To Explode?

As Dogecoin eyes a potential bullish breakout, investors are also turning their attention to MIND of Pepe (MIND), an AI-powered meme coin hybrid that has already raised over $7.9 million during its presale phase.

MIND of Pepe stands out as the first AI-driven iteration of the iconic Pepe the Frog meme, blending humor with advanced artificial intelligence. The project’s AI is designed to create, trade, and promote tokens autonomously, sell them for profit, and reinvest them into its native token, MIND.

MIND also scans social media platforms, particularly X (formerly Twitter), to identify and share early trends with token holders through exclusive groups. Beyond detection, the AI engages with influencers and the crypto community to help shape market narratives.

Well-known crypto analyst and YouTuber Borch Crypto, who boasts over 87.5K subscribers, has labelled MIND as one of his top crypto picks, predicting that it has the potential to grow 100x once it launches.

Investors can earn a huge 284% annual return by staking their tokens as well.

MIND is currently priced at $0.0037015 and can be purchased with ETH, USDT, BNB, USDC, or a bank card.

Buy before a price hike in about 39 hours to secure the best deal.

Visit the MIND of Pepe website.

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