{"id":7700,"date":"2025-08-13T17:20:01","date_gmt":"2025-08-13T17:20:01","guid":{"rendered":"https:\/\/bitunikey.com\/news\/heres-why-dogecoin-price-may-skyrocket-soon\/"},"modified":"2025-08-13T17:20:14","modified_gmt":"2025-08-13T17:20:14","slug":"heres-why-dogecoin-price-may-skyrocket-soon","status":"publish","type":"post","link":"https:\/\/bitunikey.com\/news\/heres-why-dogecoin-price-may-skyrocket-soon\/","title":{"rendered":"Here\u2019s why Dogecoin price may skyrocket soon"},"content":{"rendered":"<div class=\"post-detail__content blocks\">\n<p class=\"is-style-lead\">Dogecoin price could be about to explode higher after forming an inverse head-and-shoulders pattern and as the crypto market bull run continues.\u00a0<\/p>\n<div id=\"cn-block-summary-block_e7c78ac801c45a6dcd728199cf2b59ad\" 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 formed an inverse head-and-shoulders pattern.<\/li>\n<li>It has moved into the third phase of Elliot Wave pattern.<\/li>\n<li>DOGE ETF and corporate treasuries will boost its price.<\/li>\n<\/ul><\/div>\n<\/div>\n<p><!-- .cn-block-summary --><\/p>\n<p>Dogecoin (DOGE) token was trading at $0.2400, down by 3.47% from its highest level this week. It remains about 27% above the lowest level this month.\u00a0<\/p>\n<h2 class=\"wp-block-heading\">Dogecoin price technical analysis<\/h2>\n<p>The four-hour chart shows that DOGE price bottomed at $0.1890 on August 4 and then rebounded to a high of $0.2485.<\/p>\n<p>A closer look shows that the coin has formed an inverse head-and-shoulders pattern. This pattern\u2019s head is at $0.1890, while the two shoulders are at $0.2200.\u00a0<\/p>\n<p>This pattern\u2019s neckline is at $0.2486, meaning that the pattern\u2019s height is about 24%. Measuring this distance from the neckline gives a target of $0.3058, up about 25% from the current level.<\/p>\n<p>The chart also shows that DOGE price has moved into the third phase of the Elliott Wave pattern. It has already completed the first phase, which was formed between August 2 and August 9. The second phase was completed on August 12.<\/p>\n<p>Therefore, moving above $0.2488 will invalidate the double-top pattern and confirm the Elliott Wave count. The third phase will likely push it to the inverse head-and-shoulders target at $0.2877.<\/p>\n<figure class=\"wp-block-image size-full\"><figcaption class=\"wp-element-caption\">DOGE price chart | Source: crypto.news<\/figcaption><\/figure>\n<p>    <!-- .cn-block-related-link --><\/p>\n<h2 class=\"wp-block-heading\">DOGE ETF could lead to more inflows<\/h2>\n<p>A key catalyst for DOGE price is the potential launch of Dogecoin exchange-traded funds by companies like Bitwise, Grayscale, 21Shares, and Rex Shares.<\/p>\n<p>Recent data shows substantial demand for cryptocurrency ETFs. For example, the iShares Bitcoin Trust is nearing $90 billion in assets, while all Ethereum ETFs have had over $11 billion in inflows.<\/p>\n<p>Polymarket <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/polymarket.com\/event\/doge-etf-approved-in-2025?tid=1755091925511\" target=\"_blank\">data<\/a> shows that participants have a 61% chance that the SEC will approve these funds.\u00a0<\/p>\n<p>Meanwhile, the weighted funding rate has remained in the green since July 6, a sign that investors anticipate the future price to be higher than it is today.<\/p>\n<p>Dogecoin futures open interest rose to $3.39 billion from this month\u2019s low of $3 billion. Rising open interest is bullish for a coin because it indicates higher demand in the futures market.<\/p>\n<p>Another catalyst is that more companies could start adding DOGE into their balance sheets. Bit Origin is raising $500 million to buy DOGE. Other companies with it in their treasuries are C2 Blockchain, Heritage Distilling, Spirit Blockchain, and Neptune Digital Assets.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Dogecoin price could be about to explode higher after forming an inverse head-and-shoulders pattern and as the crypto market bull run continues.\u00a0 Summary Dogecoin price has formed an inverse head-and-shoulders&hellip;<\/p>\n","protected":false},"author":1,"featured_media":7701,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-7700","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\/7700","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=7700"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/7700\/revisions"}],"predecessor-version":[{"id":7702,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/7700\/revisions\/7702"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/7701"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=7700"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=7700"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=7700"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}