Dogecoin Poised for $0.28 as ETF Launch Drives Bullish Momentum
Dogecoin (DOGE) climbed back into the $0.24–$0.25 range during the September 9–10 session, with trading volume surpassing 1.5 billion tokens. The surge comes ahead of the launch of REX-Osprey’s DOJE ETF on September 11, the first U.S. ETF tracking a memecoin.
Technical analysts highlight a bullish pennant breakout, while whale accumulation of roughly 280 million DOGE over the past week indicates growing institutional interest. After consolidating around $0.238–$0.242, DOGE surged late in the session to $0.245, closing at $0.244.
Key Technical Levels:
- Support: $0.236–$0.238
- Resistance: $0.245–$0.247, with potential upside to $0.28
- Indicators: RSI in the mid-60s suggests room for further gains
Traders Are Watching:
- Sustained closes above $0.245 to confirm bullish breakout
- ETF debut as a liquidity catalyst
- Continued whale accumulation and institutional inflows
- Derivatives positioning and potential volatility
- Broader crypto market sentiment linked to upcoming Fed announcements
DOGE combines technical strength and institutional backing, positioning it for a potential rally into the ETF debut.
