Dogecoin ETF Buzz Heats Up – Analysts Predict DOGE Could Hit $10

• If the SEC approves a Dogecoin ETF, institutional adoption and liquidity could drive DOGE toward new all-time highs.
• Technical indicators suggest a potential breakout, but DOGE must clear key resistance levels to sustain momentum toward $10.

The speculation around a potential Dogecoin ETF has sent shockwaves through the crypto market, with analysts predicting that DOGE could surge by over 200%. A CNF report previously highlighted that Dogecoin’s recent surgeis fueled by its link to the D.O.G.E. agency, led by Elon Musk, and growing institutional interest.

As the U.S. Securities and Exchange Commission (SEC) begins reviewing multiple ETF applications, optimism is rising among traders and investors. Prominent asset managers such as Grayscale Investments, CoinShares, and WisdomTree have submitted filings for a Dogecoin ETF, aiming to provide institutional investors with regulated exposure to the meme coin.

Furthermore, the SEC’s acknowledgment of Grayscale’s application has officially started the review process, which could lead to a historic approval. If granted, a Dogecoin ETF would significantly boost liquidity and mainstream adoption, potentially driving DOGE to new highs.

Shifting Regulatory Landscape Fuels Optimism

Recent developments suggest a more crypto-friendly stance from regulators. The SEC’s decision to drop its lawsuit against Coinbase signals a potential softening of its approach to digital assets. In a related news, a CNF report further stated:

DOGE apparently does not have to deal with this, though. The SEC does not regard it as a security, hence its growth as an investment asset is more transparent and includes the potential for an ETF based on Dogecoin.

With increasing pressure from industry leaders and policymakers, analysts believe that ETFs for alternative cryptocurrencies like Dogecoin, XRP, and Litecoin could soon receive regulatory approval.

Technical indicators suggest that Dogecoin could be on the verge of a breakout. The Relative Strength Index (RSI) has climbed to 43.67, signaling recovery from oversold conditions.

If the RSI crosses above 50, it could confirm bullish momentum. The Average Directional Index (ADX) is at 27.95, indicating a strengthening trend. Key resistance levels sit at $0.26 and $0.30, and a breakout above these levels could potentially push DOGE toward $0.50.

Can DOGE Reach $10?

Market analysts remain divided on Dogecoin’s long-term trajectory, but some have set ambitious price targets. Crypto analyst Ali Martinez predicts that if DOGE holds the support range between $0.16 and $0.19, it could rally to $3. Meanwhile, Trader Tardigrade sees historical patterns aligning with past bull cycles, suggesting a surge toward $1.7.

As of now, Dogecoin is trading at $0.23, experiencing  fluctuations as the market reacts to ETF speculation and broader crypto trends. DOGE has dropped 5.75% in the past day but surged 13.26% over the past week.