- Dogecoin has flashed a TD Sequential reversal signal, hinting at a potential bullish move.
- Over $214 million in crypto liquidations were recorded in the last 24 hours, mostly from long positions.
- DOGE price hovers at $0.216, supported by ETF optimism and treasury developments.
- A $175 million Dogecoin treasury has been announced by House of Doge in partnership with CleanCore Solutions.
- Approval odds for a Dogecoin spot ETF are currently estimated at 90%, adding bullish momentum.
Dogecoin Flashes Key Signal Amid Market Drop
Dogecoin (DOGE) has shown resilience despite broader market weakness, with the popular meme coin flashing a crucial TD Sequential signal. This counter-trend indicator, highlighted by crypto analyst Ali, has historically nailed market tops and now hints at a potential price reversal for DOGE.
The signal arrives as the crypto market experienced $214 million in liquidations over the last 24 hours, according to CoinGlass. The majority were long positions, suggesting traders are cautious ahead of potential market moves.
At the time of writing, DOGE was trading at $0.216, up 0.2% in the past 24 hours and extending a modest two-day rally that began on September 2.
Dogecoin ETF Optimism Remains Strong
Another factor fueling bullish sentiment is the growing expectation around a DOGE spot ETF. Analysts and industry insiders currently place approval odds at 90%, with REX Shares predicting the imminent launch of the REX-Osprey DOGE ETF (DOJE). This would allow investors to gain exposure to DOGE’s performance without directly holding the asset.
Also Read: Dogecoin ETF Decision Delayed as SEC Sets August 17 Deadline
Grayscale has also reaffirmed its interest in DOGE by highlighting its Dogecoin Trust, giving institutional investors an additional vehicle to gain DOGE exposure.
Dogecoin Treasury Boosts Long-Term Outlook
Adding to the momentum, the House of Doge, the commercial arm of the DOGE Foundation, revealed a new partnership with CleanCore Solutions to create a $175 million DOGE treasury. This marks the first treasury directly backed by the DOGE Foundation.
Notably, Elon Musk’s personal lawyer, Alex Spiro, will serve as the chairman of the treasury’s Board of Directors, reinforcing Dogecoin’s growing institutional credibility.
Is a DOGE Rally on the Horizon?
With the TD Sequential reversal signal, strong ETF approval expectations, and a $175 million treasury backing, Dogecoin appears well-positioned for a potential upswing. While the market’s short-term volatility remains a concern, these developments may provide the fuel needed for DOGE to break higher in the coming weeks.