DOGE’s $4B Surge: Grayscale’s ETF Gambit! 💸

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Dogecoin (DOGE) decided to take a victory lap on Sunday, August 17, hitting $0.24 in a moment of sheer brilliance. 🐕💰 The price rally coincided with Grayscale’s latest ETF filing, because nothing says “serious investment” like a duck-shaped token. 🦆📉

The SEC, ever the drama queen, is now juggling multiple meme-coin ETF proposals, including TRUMP, BONK, and Pudgy Penguins. Because nothing says “institutional interest” like a duck-shaped token. 🦆📈

Grayscale, the financial wizard behind the curtain, filed an S-1 registration with the SEC, because who doesn’t want a Dogecoin ETF? 🎩🐇 Meanwhile, the SEC delayed Solana ETFs until October, because why rush when you can drag your feet? 🐢⏳

Dogecoin Derivatives Market Data | Coinglass, Aug 17, 2025

Open interest surged 7.3% to $3.73 billion, which is basically the financial equivalent of a standing ovation. 🎤💸 Short-term traders are riding the DOGE wave, even as spot volumes dipped like a sad balloon. 🪫📉

Liquidation data is a wild ride: shorts lost $2.80 million, while longs only managed $711,000. It’s like a game of chicken, but with more spreadsheets. 🚗📉 If this continues, DOGE might break $0.25-because why not? 🚀

Dogecoin Price Forecast: ETF Buzz Meets Technical Barriers

From a technical perspective, Dogecoin is facing critical resistance at $0.24, which is like trying to climb a wall made of glitter. 🌈💪 Sustained closes above this mark could trigger a rally toward $0.27, but let’s be real: it’s a meme coin. 🐕💸

Dogecoin price forecast | DOGEUSD 24H

Support at $0.22 is holding strong, like a determined toddler. 🍼💪 If it falters, DOGE might retest $0.20, where it once attracted significant buy-interest. Because who doesn’t want to relive the glory days of August? 📈📉

RSI is at 57.8, so it’s not overbought yet. But hey, there’s always room for more upside if the open interest keeps dancing. 🕺💰

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2025-08-18 01:42