Crypto Crisis Unveiled: Dogecoin ETF Frozen Amid $0.24 Plunge Mystery

Dogecoin ETF Delay fuels Speculation and Price surge

The much-anticipated Dogecoin (DOGE) ETF has faced yet another setback. Initially scheduled for last week, the DOJE ETF by Rex-Osprey will now debut mid-next week, suggested to be Thursday. Bloomberg ETF analyst Eric Balchunas shared,”Another delay.Launching next week. Prob Thur.”

Speculation abounds regarding the reason behind the delay.Some in the crypto community theorize that the firm is biding its time for better macroeconomic conditions or a potential Fed rate cut.This uncertainty adds a layer of intrigue for investors eagerly awaiting the DOGE ETF’s arrival.

Beyond the delays,Dogecoin’s price action shines shining. It leaped to $0.26, marking a 20% surge over the week and breaking key resistance.The MACD shows bullish momentum, while the RSI nears 67. Next resistance lies at $0.27, with a potential rise to $0.30 if bullish trends persist.

• DOGE trades at $0.26, up 3.6% in 24 hours and 20.3% weekly.
• Technical indicators favor bulls,hinting at further upside.
• Few crypto ETF applications are still pending SEC approval.

This ETF’s launch will be pivotal, inviting institutional participation into the meme coin realm. it symbolizes the growing crossover between customary finance and cryptocurrency. Stay tuned as this narrative unfolds further.