Dogecoin price remained in a tight range on Thursday and Friday despite the warm reception of the first DOGE ETF in the United States.
Summary
- Dogecoin price has moved into a correction in the past few days.
- The newly launched DOJE ETF had a strong performance.
- Technicals suggest a rebound is possible ahead of the Act 33 DOGE approval.
Dogecoin (DOGE) moved into a correction after falling by 11% from its highest point this month. Its 24-hour volume was $3.4 billion, while its market cap was $40.9 billion.
Dogecoin price falls despite ETF success
Bloomberg’s Eric Balchunas noted that the Rex-Osprey Dogecoin ETF (DOJE) had a strong performance on the first day. Its trading volume was over $17 million, making it a top-five single-day launch in terms of volume in the last five years.
The strong showing was notable for three main reasons. First,
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Author: Crispus Nyaga
