DOGE Price Prediction: Dogecoin Up 5% Amid V-Shaped Recovery and Institutional Interest
Dogecoin Gains 5% as V-Shaped Recovery Points to Growing Interest
DOGE showed resilience with high volumes amid intensifying speculation over a possible ETF approval.
Shaurya Malwa, CD Analytics | Edited by Parikshit Mishra on June 11, 2025, 7:22 AM
Key points:
- Dogecoin surged 4.8% amid renewed interest and speculation over a possible DOGE ETF.
- The token's integration with Coinbase's Base network has increased its functionality in DeFi applications.
- Significant trading volume and institutional interest suggest that Dogecoin could remain a significant player despite market uncertainty.
Dogecoin {{DOGE}} has risen 4.8% in the last 24 hours, climbing from 18 cents to 19 cents amid renewed bullish momentum and significant trading volume.
The rally, reflected by a V-shaped recovery from key support levels, demonstrates the resilience of DOGE as it attracts the attention of both retail and institutional investors.
News context
- Dogecoin’s recent rally comes amid renewed interest in meme coins and growing speculation around a potential DOGE ETF. According to Polymarket, traders now rate the likelihood of a DOGE ETF being approved by the SEC in 2025 at 51%, which could lead to a significant influx of institutional investment.
- Meanwhile, Dogecoin's integration with Coinbase's Base network has increased its usefulness in DeFi applications, making it easier for users to interact with the token across multiple platforms.
- As geopolitical tensions and changing trade policies continue to plague traditional markets, Dogecoin's role as a speculative asset and potential hedging tool remains in focus.
- The activity of institutional whales and the sustained interest from large traders suggest that the token may remain a key growth driver even in the face of general market uncertainty.
Price dynamics
Dogecoin's rise was accompanied by a sharp price jump between 11:00 and 13:00, with trading volumes rising to 541 million and 589 million units respectively, more than double the average.
The jump created a strong resistance zone at $0.198-$0.199. DOGE price rebounded strongly from the $0.194 support level, forming a V-shaped recovery pattern with renewed buying interest.
Technical Analysis Review
- DOGE rose from $0.189 to $0.199, an increase of 4.8%.
- Significant volatility was seen between 11:00 and 13:00 UTC, with volumes of 541 million and 589 million.
- The resistance level was established in the range of $0.198–$0.199, and the support level was at $0.189.
- A V-shaped recovery pattern has formed in the last hour with significant buying interest at $0.194.
- Volume spiked at 01:56 UTC to 7.2 million and has seen strong buying interest over the last 10 minutes.
- The price has established new resistance at $0.196, indicating that the uptrend may continue.
Disclaimer: Portions of this article were generated using AI tools and reviewed by CoinDesk's editorial team for accuracy and adherence to our standards. For more information, please read CoinDesk's full AI policy.
