{"id":12519,"date":"2025-10-03T15:20:23","date_gmt":"2025-10-03T15:20:23","guid":{"rendered":"https:\/\/bitunikey.com\/news\/will-dogecoin-price-hit-1-if-the-sec-approves-doge-etf-this-month\/"},"modified":"2025-10-03T15:20:31","modified_gmt":"2025-10-03T15:20:31","slug":"will-dogecoin-price-hit-1-if-the-sec-approves-doge-etf-this-month","status":"publish","type":"post","link":"https:\/\/bitunikey.com\/news\/will-dogecoin-price-hit-1-if-the-sec-approves-doge-etf-this-month\/","title":{"rendered":"Will Dogecoin price hit $1 if the SEC approves DOGE ETF this month?"},"content":{"rendered":"<div class=\"post-detail__content blocks\">\n<p class=\"is-style-lead\">Dogecoin price has bounced back in the past few days as investors bought the recent dip after it bottomed at a crucial support level in September.<\/p>\n<div id=\"cn-block-summary-block_5ea044d57b375eebb7b512b12645b244\" class=\"cn-block-summary\">\n<div class=\"cn-block-summary__nav tabs\">\n        <span class=\"tabs__item is-selected\">Summary<\/span>\n    <\/div>\n<div class=\"cn-block-summary__content\">\n<ul class=\"wp-block-list\">\n<li>Dogecoin price has rebounded after falling to a crucial support level.\u00a0<\/li>\n<li>The SEC is expected to approve the Grayscale and Bitwise DOGE ETFs this month.\u00a0<\/li>\n<li>DOGE will likely not hit the resistance at $1 in the near term.\u00a0<\/li>\n<\/ul><\/div>\n<\/div>\n<p><!-- .cn-block-summary --><\/p>\n<p>Dogecoin (DOGE) rose to $0.2630, up 16% from its lowest level in September. This article explores whether it will jump to $1 if the Securities and Exchange Commission approves spot DOGE ETFs later this month.<\/p>\n<h2 class=\"wp-block-heading\">Dogecoin price may rally ahead of spot ETF approval<\/h2>\n<p>DOGE price could be on the cusp of a strong bullish breakout as the Securities and Exchange Commission nears its decision on two exchange-traded funds by Grayscale and Bitwise.<\/p>\n<p>Analysts, including Bloomberg\u2019s Eric Balchunas, expect that the agency will approve <a rel=\"nofollow\" target=\"_blank\" rel=\"nofollow\" href=\"https:\/\/x.com\/EricBalchunas\/status\/1973153613620142131\">most of the applied ETFs<\/a>. He cited the recently released generic standards list, which includes the details that it will look at during the approvals.\u00a0<\/p>\n<p>One of the criteria is the availability of a regulated futures product. Dogecoin futures already exist, raising the odds of an approval.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p>\n<p>Also, the agency has already approved the spot DOGE ETF under the Investment Company Act of 1944. That fund, whose ticker is DOJE, was listed in September and has accumulated over $21 million in assets.\u00a0<\/p>\n<p>Its success suggests that the other funds could be more successful because they will likely have a lower expense ratio.<\/p>\n<p>Dogecoin price will also benefit from the ongoing Uptober rally that has boosted other cryptocurrencies.<\/p>\n<h2 class=\"wp-block-heading\">Will DOGE price hit $1?<\/h2>\n<figure class=\"wp-block-image size-full\"><figcaption class=\"wp-element-caption\">Dogecoin price chart | Source: crypto.news<\/figcaption><\/figure>\n<p>The daily timeframe chart shows that the Dogecoin price bottomed at $0.2200 in September and then bounced back to $0.2631. Its lowest level coincided with the lower side of the ascending channel.<\/p>\n<p>The coin has now moved above the 50-day and 100-day Exponential Moving Averages. Moving above these levels is a highly bullish sign as it means that bulls are gaining control.<\/p>\n<p>Therefore, the most likely scenario is that the coin continues rising as bulls target the year-to-date high of $0.3088, which is about 20% above the current level.<\/p>\n<p>For DOGE to reach $1, the price would need to rise by more than 250% from the current level. This surge will likely not happen, as it is in the process of forming a rising wedge pattern. A rising wedge is made up of two ascending and converging trendlines, with a breakdown happening when these lines near their confluence.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Dogecoin price has bounced back in the past few days as investors bought the recent dip after it bottomed at a crucial support level in September. Summary Dogecoin price has&hellip;<\/p>\n","protected":false},"author":1,"featured_media":11853,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-12519","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/12519","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/comments?post=12519"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/12519\/revisions"}],"predecessor-version":[{"id":12520,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/12519\/revisions\/12520"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/11853"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=12519"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=12519"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=12519"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}