Despite the SEC delaying its decision on DOGE ETF filings, Dogecoin has risen 39% in the past month with heightened whale activity and increased network engagement.
The SEC’s continued postponement of DOGE ETF decisions has delayed institutional adoption, leaving retail and whale investors to drive momentum.

The popular meme coin Dogecoin (DOGE) has come to the fore again as it deals with another rollercoaster-like second quarter in 2025. As Bitcoin reached a high of $107,000 and is getting close to $110,000, the crypto market is starting to recover. Here, DOGE price is trying to chart its path apart from others, supported by technical trends, the market’s mood, and how investor actions are shifting.

Dogecoin Price Action As SEC Delays DOGE ETF Decision

As of writing, Dogecoin price was $0.2252, it went up by 1.63% within the last 24 hours and rose by almost 39% in the past month. This means that regulatory delays and unclear DOGE ETF developments have not stopped the increased demand for the asset.

The U.S. Securities and Exchange Commission (SEC) has postponed decisions on exchange-traded funds set to include Dogecoin and XRP in recent times. The agency marked that “further analysis” is still needed to examine investor risks. As a result, hopes for DOGE to become a mainstream part of institutional investment are currently on hold. Even so, the meme coin’s price movement is being closely watched by both retail and whale investors.

Martinez, an analyst for crypto, notes that Dogecoin is forming what is often a sign for positive price movements called a falling wedge pattern. This technical structure hints at a potential 20% price increase in the near term, making it an attractive signal for traders.

Further, on-chain data helps show that investors are more enthusiastic about NFTs. Having accumulated about $1 billion of DOGE in the past month, whale wallets have demonstrated a clear sign of confidence in the crypto. In addition, there has been an increase in the number of used wallet addresses and businesses on the network, which points to even greater user engagement.

DOGE Price Prediction For Q2 2025

While these indicators paint a bullish DOGE technical picture, projections remain varied. In its outlook, CoinCodex predicted a major drop preceding a surge. “According to our current Dogecoin price prediction, the price of Dogecoin is predicted to drop by -17.29% and reach $ 0.187917 by June 20, 2025,” states the analysis.

Source: CoinCodex

The sentiment surrounding Dogecoin remains complex. Market indicators currently reflect a bullish trend as the Fear & Greed Index reads 69, a sign of increasing greed among investors. Meanwhile, the DOGE meme coin has logged green candles on 14 out of the last 30 days, displaying a volatility rate of 12.82%. This prompted CoinCodex to admit that “it’s now a good time to buy Dogecoin” despite their June dip forecast.

Whilst, crypto analyst Ali Martinez provided an upside target of $0.265 for Dogecoin price. He wrote, “If Dogecoin $DOGE breaks above $0.239, it could open the door for a move toward $0.265. Momentum is building!”

Regulatory developments and shifting market sentiment will influence the future for Dogecoin in Q2. Whether the meme coin will reach a new peak or drop lower during the next weeks could largely depend on the SEC’s take on the DOGE ETF filings.

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Filed under: Bitcoin - @ May 21, 2025 5:15 pm