How Will Grayscale's DOGE ETF Affect Dogecoin's Price?

Dogecoin Price Changes with Grayscale's DOGE ETF

Dogecoin price experienced a decline of %1.4 following the launch of the DOGE ETF by Grayscale Investments. The introduction of the ETF couldn't balance the selling pressure and failed to break through the current resistance levels.

In this context, the resistance at $0.1495 continues to pose a significant barrier, while $0.144 stands out as the short-term last support point. It is noted that the institutional demand that comes with the launch of the ETF is critical in determining Dogecoin's future price movements.