Dogecoin (DOGE) price has experienced a slight rebound

The meme-based coin recently tested its critical support level at $0.14. Following this, the price saw a rise, pushing above $0.16

Dogecoin (DOGE) price saw a slight rebound as it tests critical support. The meme coin saw a surge as it trades above the $0.14.

Optimism in the market has increased as many believe that a Bitwise ETF approval in 2025 could give crypto prices a significant boost.

As the U.S. Securities and Exchange Commission (SEC) confirmed that it has received an application for a Bitwise Dogecoin ETF, there could be a potential launch of a Dogecoin-specific exchange-traded fund.

As the SEC continues reviewing the application, the decision could have a major influence on the cryptocurrency market. Should the ETF be approved, it could spark increased investment and trading activity in Dogecoin throughout 2025.

As the DOGE price has seen significant movement recently, there has been growing speculation about the possibility of a Dogecoin ETF being approved in 2025.

The current market probability suggests a 70% chance of approval by the end of 2025, indicating a 33% increase in recent weeks.

This speculation has sparked interest as several market events could influence sentiment around Dogecoin.

Will Dogecoin Price Hit $0.3 By the End Of March?

The DOGE price stood at $0.1694 on Tuesday, showing a minor 2.47% increase within a 24-hour period. Despite facing recent volatility, the meme coin shows potential for further growth, particularly as it remains above crucial support levels.

Over the past few weeks, DOGE’s price has seen substantial fluctuations. The price action hit a low of $0.1598 before showing signs of recovery. The next resistance level sits around $0.20, with a potential surge to $0.30 if bullish momentum continues.

The Moving Average Convergence Divergence (MACD) indicator reflects a positive trend, with the MACD line at 0.00189 and the signal line at -0.00783. This suggests that the price could maintain upward momentum, especially if the MACD continues above its signal line.

The Chaikin Money Flow (CMF) is also on a positive trajectory at 0.17, signaling strong buying pressure in the market.

Traders are eyeing a potential price target of $0.30 for the Dogecoin price prediction, which would represent a 77% increase from its current price. However, this price action depends heavily on broader market conditions and the continuation of positive technical signals.