The U.S. Securities and Exchange Commission (SEC) recently released a new disclosure guideline for exchange-traded products related to digital assets, which is particularly significant after months of stagnation in the approval of encryption ETFs. This 12-page document not only reflects a subtle shift in regulatory attitude but is also seen as a signal of the SEC's softening stance towards the encryption industry.

The new guidelines create a more favorable environment for ETF applications that include digital assets such as Solana, Ripple, and Dogecoin, suggesting that various cryptocurrency ETFs may be approved sooner than expected. This trend has sparked positive expectations in the market regarding the development prospects of cryptocurrency ETFs.

Meanwhile, the performance of Dogecoin's price is remarkable. Technical analysis shows that the DOGE price has recently shown an upward trend, successfully breaking through multiple resistance levels. The new round of rising starting from the $0.1650 area has led the price to break through the resistance levels of $0.1665 and $0.1680, and at one point reached the $0.170 mark. It is worth noting that the price even exceeded the 50% Fibonacci retracement level of the downward trend from the $0.1722 high to the $0.1657 low.

Currently, the price of Dogecoin is stable at $0.1680 and above the 100-hour simple moving average, forming a bullish trend line on the hourly chart, with support at $0.1680. In the short term, DOGE faces direct resistance at $0.1720 and major resistance at $0.1730 (which is the 61.8% Fibonacci retracement of the downtrend). If it can break through the resistance at $0.1750, the price is expected to rise further.

These developments reflect the complex dynamics of the cryptocurrency market, with the release of new SEC guidelines and the price trends of Dogecoin attracting investors' attention. However, investors still need to be cautious and closely monitor market changes and regulatory trends.