Dogecoin is showing a potential for a price boost this year as the price moves near breaking the $0.25 resistance. However, the new bullish build-up comes after the recent Dogecoin ETF progress, with the hope of a potential spike in the DOGE inflow.
How high to target remains a debate, as Dogecoin price prediction suggests it could reach up to $0.50 by the end of September. This Dogecoin price prediction could mean a rally spike that could see the coin hit $1 by the end of 2025. But, in a more realistic view, how possible is it for Dogecoin to cross the $0.5 mark this month from its current $0.24?
Here is a look at the Dogecoin price action and fundamental factors that could support the pump.
Is the ETF Approval Enough Reason For A $0.5 Dogecoin Price Prediction This Month?
The Dogecoin price is nearing a breakout, but the high to expect is what’s currently driving investors. On one side, some analysts believe the recently approved DOGE ETF can provide enough liquidity to see the Dogecoin price hitting $1 soon. Whereas others feel this is an inadequate factor to fuel a significant rally. The latter group argues that the shift of momentum from Dogecoin as a top meme coin to newer options could cause further blow.
The Dogecoin price prediction shows potential climb to $0.5 in September, but the ongoing momentum might disprove this. There is still a weak momentum with the Dogecoin trading volume in the last few weeks, incapable of a substantial boost.
However, setting the record straight, a Dogecoin price growth beyond $0.30 this coming week could mean the ETF inflow is adding to the price growth. The inflow could see DOGE price reaching $0.5 by the end of September. But a market performance that sees it below $0.25 resistance by the end of next week might spell more doom for the coin’s future.
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