- Rex-Osprey launches first U.S. Dogecoin ETF, offering access to retail and institutions.
- Analysts highlight bullish patterns suggesting DOGE could break resistance and target $0.50.
- Along with the DOGE ETF, Rex-Osprey will also launch Bitcoin, XRP, BONK, and TRUMP ETFs.
Dogecoin has become the center of attention in the crypto market this week. The meme coin surged in price as investors prepared for the launch of the Rex-Osprey Dogecoin ETF. The price of Dogecoin rose sharply during the September 9–10 trading sessions. It reclaimed the $0.24 to $0.25 range, supported by trading volumes.
Analysts noted that strong whale accumulation added confidence to the move. Institutional interest also appeared to be growing ahead of the ETF’s arrival. Technical traders pointed to bullish chart formations signaling potential for further upside.
Dogecoin ETF Launch Sparks Investor Excitement
The Rex-Osprey Dogecoin ETF is set to debut on September 12 under the ticker “DOJE.” This product will be the first Dogecoin-focused exchange-traded fund available in the United States. The launch follows the completion of the SEC’s 75-day review process.
The ETF is designed to offer exposure for both retail and institutional investors. Market experts suggest that approval highlights a shift in U.S. regulatory posture toward crypto assets. Until now, regulators have maintained a cautious approach toward digital asset-linked products.
Dogecoin’s ETF joins several others in Rex-Osprey’s lineup. These include ETFs tied to Bitcoin, XRP, BONK, and even the TRUMP token. Analysts see the simultaneous launches as a significant moment for digital asset investment products.
Crypto traders on social media also reacted strongly to the news. Some traders, including Doge Lord, claimed that Dogecoin is primed for a breakout. He suggested a double bottom and bull pennant pattern, positioning the asset for a move toward $0.50.
Technical Indicators Show Potential Rally to $0.50
Technical analysis has fueled optimism for Dogecoin’s next move. Analyst Ali Martinez highlighted a parallel channel pattern forming on the daily chart. This pattern showed Dogecoin consolidating between two trendlines.
Martinez noted that a breakout above the upper boundary could trigger a major rally. The target could extend to $0.50, representing a possible 104% return from current levels. He explained that parallel channel breakouts often match the width of the pattern itself.
The current resistance lies near the $0.29 mark. Dogecoin previously tested this level in July but faced rejection. Since then, the asset has traded in the upper range of the channel. At press time, Dogecoin traded around $0.245 with a 16% weekly gain. Futures data from Coinglass shows open interest rising by 10% to $4.59 billion. This growth in derivatives trading points to a greater confidence among the market actors.
Related: Dogecoin Gains Momentum as Analysts See $1 on the Horizon
Broader market conditions also supported the rally. Bitcoin, Ethereum, XRP, and Solana recorded 2-5% gains each in the same period. Cooling inflation in the U.S., as recently indicated by the PPI data, increased the anticipation of a Federal Reserve rate cut. At this point, some analysts are forecasting a 50-basis-point cut at the next FOMC meeting.
With momentum building, Dogecoin has become the standout performer in the crypto sector this week. The launch of the Rex-Osprey ETF could prove pivotal in shaping its near-term trajectory. Traders remain focused on whether the coin can clear its key resistance levels and set a path toward $0.50.
