Dogecoin Targets $0.28 Ahead of U.S. ETF Launch
Dogecoin (DOGE) rallied into the $0.24–$0.25 range during the September 9–10 session, with trading volume exceeding 1.5 billion tokens. The move comes ahead of the first U.S. Dogecoin ETF, REX-Osprey’s DOJE, set to begin trading on September 11.
Technical analysts point to a bullish pennant breakout, supported by whale accumulation of roughly 280 million DOGE over the past week, signaling growing institutional interest. DOGE consolidated between $0.238–$0.242 before surging to a session high of $0.245, closing at $0.244.
Technical Snapshot:
- Support: $0.236–$0.238
- Resistance: $0.245–$0.247, with upside potential toward $0.28
- Momentum: RSI in the mid-60s indicates room for further gains
Trader Focus:
- Maintaining $0.245 to validate breakout
- ETF debut as a key liquidity event
- Continued whale accumulation and institutional flows
- Derivatives positioning and volatility potential
- Broader market sentiment tied to upcoming Fed policy
DOGE is positioned for a potential bullish run as both institutional and retail interest build ahead of the ETF launch.
