In a world where the only constant is change, and the only certainty is uncertainty, Dogecoin has decided to throw its digital paws into the ring once more. With a technical breakout and a sprinkle of ETF fairy dust, the price of Dogecoin is rallying sharply, aiming for the lofty heights of $0.33. Who said dogs can’t fly? 🐾
- Dogecoin price has broken free from its symmetrical triangle prison on a wave of high volume, with a potential move toward $0.33 if it can stay above the $0.23 mark. It’s like breaking out of a doghouse, except the doghouse is made of charts and the key is made of volume.
- REX Shares and Osprey Funds have filed for the first-ever Dogecoin ETF, using the 1940 Act to dodge the SEC’s usual “let’s make you wait” game. If all goes well, this ETF might be unleashed as early as this week. It’s like getting a new toy, but the toy is a financial product that makes your dog richer.
Dogecoin (DOGE) has been wagging its tail in the markets, up 7% in the past 24 hours, with trading volume surging over 160%. Bulls are trying to break out of a long-standing symmetrical triangle pattern, a formation that looks like a dog house with two slanted walls. One wall is going down, the other is going up, and somewhere in the middle, Dogecoin is trying to decide whether to bark or break free.
Yesterday’s 5% gain was a clear sign that the market was getting ready to break something-preferably the triangle. Today’s candle is testing the waters, currently trading above the upper trendline. If it can close the day above this level (around $0.23), it will confirm the breakout. It’s like a dog jumping over a fence; once it’s over, it’s over.
The height of the triangle is about $0.10, and if Dogecoin can maintain its breakout above $0.23, it could be looking at a target of $0.33. However, if Dogecoin decides to take a nap and falls back below $0.22, closing back inside the triangle, it risks a fakeout scenario, potentially leading to a retrace to $0.20. It’s like a dog chasing a ball; if it misses, it has to start over.
What’s Driving Dogecoin Price?
Beyond the technical breakout, there are some fundamental catalysts giving Dogecoin a boost. The biggest of these is the growing speculation around the imminent approval of a Dogecoin ETF. It’s like getting a new collar, but this one is made of gold and has your name on it.
Last week, it was revealed that REX Shares, the company behind the first Solana staking ETF, in partnership with Osprey Funds, filed for the REX-Osprey™ DOGE ETF. This ETF could potentially launch as early as this week, thanks to REX leveraging the less commonly used Investment Company Act of 1940 (the “40 Act”). This allows them to bypass the usual SEC hurdles, making it easier to get the ETF approved. It’s like cutting the red tape with a pair of very sharp scissors.
Looks like Rex is going to launch a Doge ETF via the 40 Act a la $SSK next week based on below tweet combined w how they just filed an effective prospectus. Doge looks like first one to go out, but the pros also includes on there are Trump, XRP and Bonk so poss those too at some…
– Eric Balchunas (@EricBalchunas) September 4, 2025
Read More
- FTN PREDICTION. FTN cryptocurrency
- STETH PREDICTION. STETH cryptocurrency
- NEXO PREDICTION. NEXO cryptocurrency
- Silver Rate Forecast
- Gold Rate Forecast
- Brent Oil Forecast
- EUR CHF PREDICTION
- USD HKD PREDICTION
- PENGU PREDICTION. PENGU cryptocurrency
- KAS PREDICTION. KAS cryptocurrency
2025-09-08 14:40