The anticipated launch of the Rex-Osprey Dogecoin ETF this week is generating significant excitement among investors, as it would be the first Dogecoin ETF in the United States. Trading under the ticker $DOJE, the ETF is expected to provide indirect exposure to Dogecoin, potentially driving its price higher. Currently, Dogecoin is trading at $0.24, up 20% from its recent low, fueled by optimism surrounding the ETF launch.
Technical analysis suggests that Dogecoin could rally to $0.50 if it breaks above the $0.27 resistance level. Longer-term projections indicate potential targets of $1.40 to $3.65, based on classic chart patterns. The approval of a spot Dogecoin ETF by the US Securities and Exchange Commission, with a decision expected by mid-October, could further bolster Dogecoin's price trajectory.
Dogecoin ETF Launch Sparks Optimism for Price Surge
Disclaimer: The content provided on Phemex News is for informational purposes only. We do not guarantee the quality, accuracy, or completeness of the information sourced from third-party articles. The content on this page does not constitute financial or investment advice. We strongly encourage you to conduct you own research and consult with a qualified financial advisor before making any investment decisions.