Market Recap Style – Concise and Analytical
Dogecoin Sees High Volatility as ETF Hopes and DeFi News Collide at Resistance
Dogecoin (DOGE) swung sharply on Thursday, testing investor conviction amid rising ETF speculation and new DeFi use cases. The token briefly rallied to $0.20 before reversing to $0.191 — a 6.6% intraday range — before closing near $0.192 in a volatile session.
The price action comes as interest in meme coins resurges, fueled by Polymarket data showing a 51% chance of a Dogecoin ETF approval in 2025. Adding to the momentum, Coinbase’s Base network recently enabled wrapped DOGE, bringing the token into the DeFi arena at scale for the first time.
Technical charts reveal DOGE is struggling with resistance between $0.203 and $0.204, where it was rejected three times on heavy volume. Despite weakness, support has emerged at $0.192, and final-hour accumulation pushed volume over 2.3 million — suggesting institutions may be quietly building positions.
