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🔥 DOGE ETF launched: A historic step for Meme Coins!
As an intermediate trader on Gate, I believe the launch of the DOGE ETF is an important milestone. This is not just hype; it opens the door for institutional capital to flow into DOGE, which was previously limited to retail investors.
1️⃣ Short-term price: I expect there will be fluctuations in the days following the listing. Purchases driven by speculation may push DOGE up by 8–15%, but there will be a pullback as traders take profits.
2️⃣ Next Meme Coin ETF? SHIB and PEPE are strong contenders due to their liquidity and community size. If the SHIB ETF is approved, it could trigger another wave of legitimacy for Meme Coins.
3️⃣ My DOGE strategy: I focus on short-term swing trading, using resistance around $0.08 and support around $0.06. A breakthrough of $0.085 could mean a strong rebound in the fourth quarter. I also maintain a long-term position, as the narrative for DOGE has strengthened with the launch of the ETF!
👉 What trading strategies do you have for DOGE? Do you think Meme ETF will become the next big trend?
#DOGE ETF Launch #Gate Square Mid Autumn Creator Incentive