DOGE Sets Sights on $0.28 as ETF Launch Fuels Pennant Breakout
Dogecoin Eyes $0.28 as ETF Launch Sparks Bullish Momentum
Dogecoin (DOGE) surged during the September 9–10 session, reclaiming the $0.24–$0.25 range on trading volume exceeding 1.5 billion tokens. The rally comes ahead of REX-Osprey’s DOJE ETF debut on September 11, the first U.S. exchange-traded fund tracking a memecoin.
Technical traders highlighted a bullish pennant breakout, while whale accumulation of roughly 280 million DOGE over the past week points to rising institutional demand. DOGE consolidated around $0.238–$0.242 before a late-session push lifted the price to $0.245, closing the session at $0.244.
Technical Snapshot:
- Support: $0.236–$0.238
- Resistance: $0.245–$0.247, with a breakout target near $0.28
- Momentum Indicators: RSI mid-60s, signaling room for further gains
Trader Focus:
- Holding $0.245 to confirm a move toward $0.28
- ETF launch as a structural liquidity catalyst
- Continued whale accumulation and institutional flows
- Derivatives positioning and potential volatility
- Broader market sentiment tied to upcoming Fed policy
DOGE’s setup combines institutional buying and technical strength, suggesting a potential bullish run leading into the ETF debut.
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