SEC's Postponement of ETF Decision and Major Investor Activity May Trigger a Dogecoin Rally

Dogecoin (DOGE) appears ready for a possible price recovery as it approaches significant Fibonacci support zones and essential trendlines. Market observers, such as technical analyst MadWhale, point out that

is nearing the 0.618 Fibonacci retracement around $0.23, a region previously known for price stabilization and reversals in the volatile crypto sector. If DOGE can stay above the $0.24 support, it may set off an 18% price surge, aiming for $0.315. This target coincides with historical trends where DOGE rebounded after retracing, making it an attractive entry zone for buyers Dogecoin Fibonacci Level Signals Potential Price Rally [ 1 ].

Institutional factors are also strengthening the case for a rally. The U.S. Securities and Exchange Commission (SEC) has delayed its verdict on the REX-Osprey

ETF (DOJE), with a decision anticipated later this month. Experts believe that the introduction of an ETF could have a major positive impact on DOGE’s price, with some projecting increases of up to 75% or even a potential doubling. Historically, ETFs have increased demand by making assets accessible to institutional investors, tightening exchange liquidity, and drawing in new capital Dogecoin Fibonacci Level Signals Potential Price Rally [ 1 ]. Grayscale’s move to convert its Dogecoin Trust into a full ETF adds further competition, which may boost trading activity and attract more participants Dogecoin Fibonacci Level Signals Potential Price Rally [ 1 ].

Large holders, or whales, are also showing signs of optimism. Recent data reveals that about $266 million in DOGE has been moved off exchanges, lowering available supply and tightening liquidity. This trend is similar to previous DOGE rallies, where whale accumulation lessened selling pressure and shifted market dynamics to favor buyers. A reduced exchange supply often leads to upward price movement, especially if DOGE maintains its Fibonacci support Dogecoin Fibonacci Level Signals Potential Price Rally [ 1 ].

Technical indicators further support the likelihood of a short-term rally. While the daily chart’s ascending wedge pattern suggests some bearishness, both the RSI and MACD remain above neutral, hinting at the possibility of a breakout. If DOGE can surpass the $0.31 resistance, it could push toward higher levels, potentially challenging previous peaks and reigniting market excitement. On the other hand, losing the $0.24 support might result in more sideways movement or declines before a stronger upward trend develops Why is Dogecoin Going Down? September Prediction Revealed [ 2 ].

Overall, market outlook is cautiously positive, though volatility remains high. The combination of technical support, ETF speculation, and shrinking exchange supply sets the stage for a possible rally. Traders are closely watching the $0.23–$0.24 range as a crucial area, with a breakout above $0.315 potentially paving the way to $0.50. Greater institutional involvement and regulatory progress could further fuel this momentum, especially if the broader crypto market enters a bullish phase. Still, short-term pullbacks are possible, making risk management essential in this fast-moving market Dogecoin Fibonacci Level Signals Potential Price Rally [ 1 ].