Will Dogecoin’s Wild Ride End with a Moon Landing or a Crash? Find Out!

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The world of altcoins, led by the mighty Dogecoin (DOGE), had a bit of a hiccup in the last 24 hours. Bitcoin (BTC) decided to take another plunge below the $105k mark, and in its wake, the whole crypto market caught a cold, dropping a nice 3% to sit around a whopping $3.4 trillion as the late hours of the North American trading session ticked by.

Dogecoin, the meme king that refuses to die, saw its price dip about 3%, creeping back down to its support level of $0.187. But don’t let that fool you—this dog’s got some bark left in it. With a market cap of around $28 billion and a trading volume of nearly $748 million, DOGE has still managed to jump 10% in the last month. Not bad for a coin that started as a joke, eh?

The Dogecoin Network: A Puppy’s Tale of Institutional Love

Dogecoin, the grandpa of the altcoin world, continues to fetch institutional investors like a well-trained pup. And let’s be honest, who doesn’t want to get in on a coin with that much meme-power? Word on the street, via Coinpedia, is that the chances of a U.S. SEC approval for a spot Dogecoin ETF this year are looking like a good bet—about 51%, up a solid 15% from yesterday. So, you might want to keep an eye on that.

Some heavy-hitters like 21Shares, Grayscale, Bitwise, and Rex Shares are all salivating at the thought of offering a DOGE ETF. But that’s not all, folks—Dogecoin just got a turbo boost thanks to the Coinbase-backed Base network launching a wrapped DOGE. This move could spread DOGE far and wide, like a dog running through an open field, sniffing out all the DeFi and smart contract opportunities.

Midterm Targets: Dogecoin’s Next Big Bark

In the grand game of crypto, DOGE’s price is strutting around like it knows something we don’t. With the whispers of altseason 2025 growing louder, DOGE is flexing its muscles. Meanwhile, Bitcoin’s dominance has hit some serious resistance at 65%, which could mean a big ol’ reversal is on the horizon.

#Dogecoin is expected to experience a significant surge before entering a prolonged falling wedge pullback.$Doge

— Trader Tardigrade (@TATrader_Alan) June 4, 2025

Technically speaking, DOGE is on the verge of another rally. It’s like watching a race car that just broke free from a traffic jam. It’s out of that falling wedge pattern and ready to head straight for its all-time high. If DOGE can manage to close consistently above 26 cents, we could be looking at a parabolic run that could take it well beyond the $1 mark. And we all know what that would mean, don’t we? 🚀💥

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2025-06-05 03:24