11.09.2025 23:10

Propelled by the imminent regulatory approval of a dedicated exchange-traded fund, Dogecoin experienced a notable 5% surge in value, confidently breaching the key psychological level of $0.25 for the first time in nearly a month. The primary catalyst for this bullish momentum stems from confirmation by a lead Bloomberg analyst that the Rex Osprey Dogecoin ETF, trading under the ticker DOJE, is slated to launch on Friday following a brief 24-hour postponement.

This significant uptick in value suggests that investors are strategically positioning themselves in anticipation of the ETF's debut. The market's optimism is rooted in historical precedent, as the launch of such financial products typically attracts substantial and sustained capital from institutional investors, thereby enhancing market depth and liquidity. Furthermore, this official entry into mainstream finance is expected to dramatically boost retail sentiment by bolstering the credibility of the popular memecoin.

The excitement was not confined to the spot market alone; the derivatives sector witnessed a flurry of activity as traders placed leveraged bets to front-run the landmark event. Corroborating this trend, data from online sources revealed that open interest in Dogecoin futures expanded by 6.9% to reach $4.5 billion within a 24-hour period. In parallel, futures trading volumes escalated by an impressive 22.7%, indicating a sharp increase in speculative interest.

From a technical analysis perspective, Dogecoin's price chart is exhibiting a bullish double-bottom pattern, a formation that often signals a potential trend reversal and upward momentum. Analysts are eyeing near-term price targets in the $0.30 to $0.32 range, with a more ambitious secondary target at $0.39. However, maintaining the $0.24 price point as a stable support level remains critical to sustaining this positive outlook.