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The beloved memecoin, Dogecoin 
$0.227529 (DOGE), is back in focus due to technical indicators and ETF rumors. After months of consolidation, experts suggest that Dogecoin is poised for a significant price increase. Meanwhile, Floki Coin is grappling with severe declines, prompting investors to adopt a cautious outlook for the future. The excitement surrounding Grayscale’s Dogecoin ETF application adds to the anticipation, with historical examples of ETF approvals positively impacting prices, fueling speculation that DOGE could set new records. On the other hand, FLOKI has fallen to its lowest levels since August, raising concerns among investors.
Dogecoin Comments and Analysis
Technical analyst Daniel Ramsay announced that DOGE has broken through a “Cup and Handle” formation on its monthly chart, signaling potential long-term upward trends. Additionally, the formation of the “Three White Soldiers” candlestick pattern indicates that buyers have taken control. Ramsay emphasizes that while support levels may be tested in the short term, the overall outlook remains positive.
Currently, Dogecoin’s price hovering around $0.30 is a critical threshold for traders. A close above $0.35 could trigger a new rally, while a drop below $0.22 could invalidate optimistic scenarios. Furthermore, if Grayscale’s ETF application is approved, predictions suggest that Dogecoin could surge to $1, supported by historical impacts from Bitcoin 
$109,035 and Ethereum 
$2,554 ETFs.
Floki Coin Faces Tough Times
Floki has lost 58% since the start of January, dropping from $0.000201. The A/D line indicates ongoing selling pressure, and current prices remain below August’s lows. The $0.00005375 support level is viewed as a possible target.
The 20 and 50-period moving averages confirm Floki Coin’s bearish structure. The $0.000135 level presents a challenging resistance in the short term. The liquidation map shows a concentration of short positions around $0.000086, which could lead to a temporary recovery. However, if Bitcoin fails to maintain its $92,000 support, additional losses for FLOKI are anticipated.
