Despite a recent price recovery, Dogecoin (DOGE) is facing potential headwinds as on-chain data shows whales have sold off 200 million DOGE over the past 48 hours. This significant sell-off, combined with a 15% drop in trading volume, raises concerns about sustained bullish momentum.
However, a new potential catalyst for a major price move has emerged: speculation about a Dogecoin ETF. Bloomberg ETF expert Eric Balchunas has hinted on X (formerly Twitter) that REX Shares may be preparing to launch a Dogecoin ETF, which could be a “game-changer” for the token. This news has led to bold price predictions, with some analysts eyeing a move to $0.30 if the token can break past key resistance levels.
Currently, DOGE is in a consolidation zone between $0.208 and $0.223. While the Supertrend indicator suggests a potential downtrend, the Relative Strength Index (RSI) remains neutral at 52.5, indicating a balanced market. A definitive price move is expected once DOGE breaks out of this range.
September 2025, Cryptoniteuae
