First U.S. Dogecoin ETF Launch Expected This Week
The cryptocurrency market is closely watching the imminent launch of the Rex-Osprey Dogecoin exchange-traded fund (ETF), set to debut under the ticker $DOJE in the United States. This ETF would be the first of its kind in the country, providing investors with indirect exposure to Dogecoin and potentially catalyzing a new phase of institutional adoption.
ETF Store President Nate Geraci highlighted the significance of this development, noting on social media that the next two months could be “wild” for crypto ETFs. Meanwhile, the U.S. Securities and Exchange Commission (SEC) is poised to make decisions on several spot ETF applications, including Grayscale’s attempt to convert its Dogecoin Trust into an ETF, with a deadline approaching in mid-October.
Dogecoin Price Rebounds Amid ETF Optimism
Dogecoin’s price has shown resilience, climbing to $0.24 on Tuesday, a 20% increase from its local low of $0.2047 recorded on September 1. This upward momentum is largely attributed to growing market optimism surrounding the potential ETF launch and broader institutional interest.
Polymarket betting markets reflect strong confidence, assigning a 91% probability to the approval of a spot DOGE ETF by 2025, underscoring the market’s bullish sentiment on regulatory progress.
Technical Analysis Signals Potential for Significant Rally
From a technical perspective, Dogecoin appears primed for a breakout. On the weekly chart, the price has been consolidating within an ascending triangle pattern, with resistance near $0.27. A weekly candlestick close above this level could confirm a breakout, targeting a price of approximately $0.50 — representing a potential 110% increase from current levels.
Longer-term outlooks are even more bullish. On the monthly chart, a cup-and-handle formation suggests a possible rise to $1.40 if the $0.42 resistance is surpassed, with the full cup pattern projecting an ambitious target near $3.65.
Analyst Projections Highlight Both Realistic and Speculative Targets
Prominent crypto analyst XForceGlobal cited Elliott Wave analysis to support a bullish macro outlook for Dogecoin. He indicated a realistic target of around $1 in the current cycle, while also acknowledging the possibility of Dogecoin reaching double-digit valuations, though such projections remain speculative.
While these technical and fundamental indicators point toward potential gains, it is important to note that investment decisions carry inherent risks, and market volatility can impact outcomes significantly.
Disclaimer: This article does not constitute investment advice. Readers should conduct their own due diligence before making financial decisions.
FinOracleAI — Market View
The imminent launch of the first U.S. Dogecoin ETF is poised to act as a significant catalyst for DOGE price appreciation by unlocking institutional capital and broadening investor access. The positive technical setup, combined with regulatory progress and growing market optimism, may drive a short-term rally toward $0.50, with further upside potential if momentum sustains.
However, risks include SEC regulatory delays or rejection of spot ETF applications, which could temper enthusiasm. Investors should monitor SEC announcements closely and watch for confirmation of technical breakouts to validate bullish forecasts.
Impact: positive
