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Dogecoin traded around $0.176, showing a modest 1.34% decline over 24 hours but holding above recent lows. The Dogecoin price moved within a tight band between $0.172 and $0.179, which signals consolidation after this week’s sharp move.
Market data shows a value of about $26.7 billion for Dogecoin’s market cap, keeping the token in the large-cap group. Daily trading volume slipped to roughly $1.48 billion, more than 55% below the previous session, as traders reduced activity while they wait for new catalysts.
Several market analysts point to a possible third macro cycle in Dogecoin’s long-term chart. They note that DOGE has followed a repeating pattern since 2014, with long phases of sideways action followed by steep rallies. Earlier peaks in 2017 and 2021 fit that structure.
Current price action shows a similar setup, with the Dogecoin price consolidating after earlier gains. Chart watchers suggest that this phase could act as another accumulation zone before a fresh advance, while they stress that no pattern guarantees future performance.
On-chain data also shows major movements among large holders. Whale wallets sold more than 3 billion DOGE in the last month as these addresses took profits near local highs or rotated capital into other assets.
Also Read: Dogecoin News Today: DOGE Price Could Rally Toward $2 After Strong Support Rebound
The Bitwise Asset Management filing for a spot Dogecoin ETF adds a new storyline for DOGE. The firm submitted an S-1 registration that triggered a 20-day review window under Section 8(a). If the Securities and Exchange Commission does not object within that period, the product could move toward launch.
Bitwise plans to list the fund under the ticker “BWOW” on NYSE Arca and track the CF Dogecoin-Dollar US Settlement Price Index. Coinbase Custody will hold the underlying Dogecoin for the ETF. The structure aims to give investors price exposure without direct token custody.
Recent trading shows how that narrative influences the market. Earlier this week, the Dogecoin price jumped more than 12 percent and broke above $0.17 as enthusiasm around the potential ETF increased. Technical indicators on the four-hour chart, including a bullish MACD crossover and an RSI reading near 64, suggest rising short-term momentum.
Traders monitor the filing timeline while they track key chart levels. On-chain cost-basis data highlights heavy whale positioning around $0.20, where about 11.12 billion DOGE changed hands.
Fibonacci analysis marks nearby resistance at $0.19 and $0.26, with support zones near $0.16 and $0.14. A sustained move above $0.19 would signal an attempt to shift from range trading toward a stronger trend, while failure at that area could keep the Dogecoin price locked in consolidation as the ETF decision approaches.
