Join Our Telegram channel to stay up to date on breaking news coverage
The Dogecoin price has soared 14% in the past 2 weeks and risen 1% in the last 24 hours to trade at $0.1757 as of 7:00 a.m. EST on a 23% plunge in trading volume to $856 million.
This jump in the DOGE price comes after the US SEC postponed its decision on two proposed cryptocurrency ETFs (exchange-traded funds) for XRP and Dogecoin, pushing the review deadline to June 17.
The delayed proposals include Franklin Templeton’s spot XRP ETF and Bitwise’s Dogecoin ETF. A third application for a Dogecoin ETF from 21Shares via Nasdaq is also under review.
🚨BREAKING: SEC DELAYS DECISION ON FRANKLIN TEMPLETON’S SPOT XRP ETF — NEW DEADLINE JUNE 17 🧨👀
The U.S. Securities and Exchange Commission (SEC) has officially pushed its decision on the Franklin Templeton XRP Spot ETF to June 17, 2025, per a new filing published today. The… pic.twitter.com/inWewJeQVB
— Diana (@InvestWithD) April 29, 2025
These delays are part of a larger review of about 70 crypto ETF proposals, including ones for altcoins like Solana and Litecoin.
Dogecoin Price Shows Signs Of Potential Uptrend
The Dogecoin price shows the early stages of a potential bullish breakout after months of downward pressure and a prolonged period of consolidation.
The DOGE/USDT pair has exited a well-defined bearish channel that spanned from mid-January to mid-March, during which the price declined from around $0.35 to below $0.13. This downtrend was marked by a series of lower lows and lower highs, with DOGE losing nearly 70% of its value.
However, since mid-March, the meme-inspired cryptocurrency has stabilized within a key support zone between $0.12 and $0.15, indicating a phase of accumulation.
The RSI (Relative Strength Index) has crossed above 50, currently sitting at 54.16, which suggests growing bullish momentum and possible exhaustion of selling pressure. Technical indicators also indicate a bullish divergence, where price action continued sideways while the RSI formed higher lows.
DOGEUSDT analysis Source: Tradingview
This divergence often precedes upward price movements. A clean breakout above the $0.18 resistance level could pave the way for further gains, potentially targeting the $0.30 liquidity zone.
Traders should closely watch the resistance zone between $0.47 and $0.52, which coincides with a prior liquidity sweep, and could act as a long-term target if bullish sentiment continues to build. A sustained move beyond this area would likely signal a trend reversal for Dogecoin.
Dogecoin’s fundamentals show increased interest from retail investors and sporadic mentions from high-profile figures on social media, which have historically influenced the coin’s price movements.
While the broader crypto market remains cautious, Dogecoin’s recent price structure and momentum indicators suggest a shift in market sentiment. For now, Dogecoin’s technical landscape paints a cautiously optimistic picture, as it attempts to shake off bearish pressures and reclaim its bullish narrative.
Solaxy Presale Heads For $33 Million – Next Crypto To Explode?
Meanwhile, as traders gear up for a potential uptrend ride for Dogecoin, investors are flocking to buy a new Solana project called Solaxy (SOLX), which has crashed past $32.4 million in its presale.
Although Solana was created to be a faster and cheaper alternative to Ethereum, its increasing popularity has led to network congestion. Some users experience delays and failed transactions, raising concerns about future network outages.
Solaxy, a new crypto project in its presale phase, is positioning itself to save and upgrade the Solana ecosystem amid the congestion issues. The project aims to address the high levels of traffic by implementing off-chain processing mechanisms similar to Ethereum’s layer-2 solutions.
🔥 The Solaxy Era Begins 🔥
The Solaxy TestNet Block Explorer is now live! This is the first step in bringing about $SOLX domination. 🛸🪐
Check it out for yourself below 👇https://t.co/VWq2cscsrK pic.twitter.com/8rIQfOHAwb
— SOLAXY (@SOLAXYTOKEN) April 19, 2025
By processing transactions off of Solana’s main chain, bundling them together, and submitting them to the mainnet for final verification, Solaxy’s system enhances efficiency.
Popular YouTube channel 99Bitcoins, with over 725K subscribers, says the crypto has the potential to soar 100X when it launches.
Grab SOLX Now For A 124% APY
Another massive utility of Solaxy is that it offers the best of Ethereum and Solana. This is because SOLX merges the benefits of Ethereum’s liquidity and growing decentralized finance ecosystem with Solana’s efficiency and speed, connecting the two most prominent blockchains in the Web3 space.
Investors interested in participating in the presale can visit the official Solaxy website to buy SOLX tokens for $0.00171 each using BNB, ETH, USDT, or a bank card.
The project has also partnered with Best Wallet, allowing users to buy and manage SOLX tokens directly through the app. Solaxy’s presale staking program also offers a huge 124% APY.
Investors eyeing the SOLX token at its current rate have less than 29 hours before the next price hike kicks in.
Related News:
- TAO Drops 4% As Investors Pivot To This AI-Meme Coin Hybrid For 10X Gains
- Next Cryptocurrency to Explode — Floki Inu, Filecoin, Notcoin
- Best Crypto to Buy Right Now April 29 – Bittensor, Kava, Render
Best Wallet - Diversify Your Crypto Portfolio
- Easy to Use, Feature-Driven Crypto Wallet
- Get Early Access to Upcoming Token ICOs
- Multi-Chain, Multi-Wallet, Non-Custodial
- Now On App Store, Google Play
- Stake To Earn Native Token $BEST
- 250,000+ Monthly Active Users
Join Our Telegram channel to stay up to date on breaking news coverage
