Dogecoin Soars 40% as ETF Approval Speculation Fuels Price Surge

Dogecoin is experiencing a remarkable price surge, with its value jumping over 40% in recent days, driven by the growing anticipation of a potential Dogecoin ETF approval. This significant rise has been fueled by analysts’ predictions of a possible 285% jump in price to $0.8630, according to technical analysis. The current surge comes after Dogecoin broke above its 200-day exponential moving average – a technical sign often associated with trend reversals. This bullish movement is further fueled by increased trading activity, as the 24-hour trading volume for Dogecoin has exceeded $23.35 billion.