Dogecoin ETF Debut Hit $6M, Dey Boost Rally Amid SEC Review
Di Rex-Osprey Dogecoin ETF come out wit record $6 million for trading volume for im first hour, pass double wetin dem predict. Dogecoin jump almost 10%, briefly reach $0.285 before e drop go around $0.22.
The Dogecoin ETF launch show say people dey really want regulated meme-coin and e make institutional wallets dey collect big DOGE positions. Traders dey eye resistance levels for $0.39 and $0.45; if e fit reclaim $0.45 fit mean say rally go steady.
Meanwhile, SEC still dey review other Dogecoin ETF applications from Grayscale and Bitwise, them expect better decision by October 17. Experts talk say if ETF get more liquidity and institutional inflow, e fit help Dogecoin move higher, maybe reach $1 this cycle.
Bullish
Di record $6 million wey dem trade inside di first hour plus near 10% price jump show say demand strong for regulated Dogecoin ETF. For short term, di high ETF inflows and how institution dem dey gather fit push price higher as traders dey test resistance for $0.39 and $0.45, but some small consolidation fit show after di first waka. For long term, more SEC approval plus di ETF liquidity wey dey grow fit bring more institution to join and market go get depth, wey go support steady rise and possible run enter $1.