ETF Dogecoin Delayed: Will DOGE Crash or Rise Next?

Dogecoin has once again become the center of attention, but not for the reasons traders had hoped. The Securities and Exchange Commission (SEC) has delayed its decision on a series of spot cryptocurrency ETFs, including the Dogecoin fund proposed by Grayscale. While this move prevents DOGE from receiving immediate support from institutions, it also highlights that the once meme asset has now become a blue-chip and is currently being considered alongside Bitcoin and Ethereum for mainstream investment products. The daily chart shows DOGE fluctuating around the $0.22 mark, caught between a gradual fall and the promise of long-term legitimacy. Dogecoin Price Prediction: Why is Dogecoin Getting Attention?

The SEC) has once again postponed its decision on several cryptocurrency-related ETFs, including the spot ETF for Dogecoin proposed by Grayscale. Alongside the filings for Bitcoin, Ethereum, XRP, and Litecoin, DOGE is currently also caught in a regulatory stalemate. The new deadline has been set for October, making the market uncertain. This delay is a double-edged sword for Dogecoin: it signals increasing interest from institutions, but also prolongs the wait for mainstream adoption catalysts. How Does Dogecoin React?

Looking at the daily DOGE/USD chart, the price is fluctuating around the $0.219 level, down nearly 4% today. The Heikin Ashi candles continuously show red signals after unsuccessful attempts to hold above the $0.25 level. The Bollinger Bands indicate that volatility is narrowing, suggesting that the market is preparing for a breakout. Importantly, the price has slid below the 20-day moving average of about $0.24, shifting into a short-term downtrend. The delay of the ETF is the reason for this rejection, as traders are waiting for a green light from the regulatory agency but ultimately are not met. With the news released, weak investors are retreating, causing the chart to sit in an important bending zone. Key Support and Resistance Levels Immediate support level: $0.216 ( right above the lower Bollinger Band ). If broken, DOGE may retest the level of $0.19. Major support zone: $0.15–$0.16, where strong accumulation occurred in June-July. Resistance level: $0.25 remains the ceiling. If it surpasses $0.25, the price could rise to $0.30 or higher. Currently, the bears are in control unless DOGE can quickly regain the level of $0.23–$0.24. The Delay of ETF: Short-Term Pain or Long-Term Catalyst? From a psychological perspective, the delay of the Dogecoin ETF often creates short-term downward pressure. Traders have priced in a bullish speculative direction, and now those positions are gradually collapsing. However, the fact that a Dogecoin spot ETF is being weighed by the SEC is a historic event. This signals that DOGE is no longer just a virtual coin—it is being positioned alongside Bitcoin and Ethereum for institutional-grade investment tools. It is a long-term bullish story and when approved, DOGE could see a strong influx of investment from institutions. Dogecoin Price Prediction: What Will Happen Next with DOGE? In the short term, $Dogecoin is expected to remain under pressure, fluctuating between $0.19 and $0.23. A decisive break below $0.19 could accelerate the decline to around $0.15. On the other hand, if the overall cryptocurrency market sentiment turns positive and $DOGE regains $0.25, the price could rise to $0.30 due to expectations of ETF approval by the end of this year. This really means that the delay of the ETF has shifted DOGE from a bullish breakout state to a cautious accumulation state. Traders should closely monitor trading volume - any spike in buying pressure near $0.19 could mark the bottom before the next rally.