Dogecoin Price Dips: Will It Rebound with ETF Approvals?

Dogecoin’s price recently experienced a significant drop, falling below the crucial support level of $0.155. This drop, from $0.160 to $0.149, marks a deviation from the previous descending triangle pattern and reflects a shift in market dynamics. While institutional investors have been selling pressure, this is countered by an increase in buying signals for the coin. Recent exchange inflows have turned positive, suggesting a potential bottom. 4.72 billion DOGE were accumulated into wallets in just two weeks, valued at approximately $770 million. This has created a unique market dynamic before previous bottoms.