Dogecoin Price Prediction as Grayscale ETF Move Meets Cycle Breakout: Is a New Peak Ahead? 🐕
Dogecoin's price currently stands at $0.2641, experiencing a 4% daily decline, with its market cap nearing $39.89 billion. The market structure indicates that the asset continues to follow the cyclical patterns seen in 2017 and 2021. These past cycles were marked by extended consolidations, which were succeeded by substantial rallies.
Analysts are closely monitoring whether the 2025 cycle will mirror these patterns, especially in light of recent movements like the Grayscale ETF initiative. This close observation stems from the possibility of another strong rally that might drive Dogecoin to new heights.
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