4 hours ago
Dogecoin rallied sharply during the September 9–10 session, reclaiming the $0.24–$0.25 scope with measurement surging supra 1.5 cardinal tokens. The determination comes arsenic REX-Osprey prepares to debut the archetypal U.S. Dogecoin ETF connected September 11 nether the ticker “DOJE.”
Technical traders flagged a bullish pennant breakout pattern, portion large-scale whale accumulation added to increasing assurance that organization request is gathering astir the launch.
News Background
• REX-Osprey DOGE ETF is scheduled to statesman trading September 11, making it the archetypal U.S. exchange-traded money tracking a memecoin with nary declared utility.
• Whale addresses accumulated astir 280 cardinal DOGE successful the past week, indicating beardown institutional-sized flows.
• Technical analysts item a pennant breakout with upside targets of $0.28–$0.30 if the $0.25 level is held.
• ETF speculation has driven retail and societal media enthusiasm, with DOGE trending heavy connected prediction markets and derivatives desks.
Price Action Summary
• DOGE precocious 4% during the September 9 13:00–September 10 12:00 session, moving from $0.236 to a highest of $0.245.
• Early diminution saw DOGE driblet from $0.247 to $0.236 by 14:00, backed by monolithic 1.55B measurement that acceptable a beardown floor.
• Price consolidated wrong $0.238–$0.242 done astir of the day, suggesting strategical accumulation.
• Final hr breakout lifted DOGE from $0.240 to $0.245, underpinned by 114.7M measurement astatine the peak.
• Session closed astatine $0.244, conscionable shy of resistance, confirming bullish momentum into ETF motorboat week.
Technical Analysis
• Support: $0.236–$0.238 scope validated by repeated high-volume rebounds.
• Resistance: $0.245–$0.247 remains the cardinal ceiling; interruption supra could people $0.28.
• Volume: Session highs of 1.55B and late-hour 114.7M importantly exceeded 24-hour mean of 334M.
• Structure: Pennant breakout confirmed by higher lows and accelerating final-hour volumes.
• Indicators: RSI hovering mid-60s suggests country for further upside earlier overbought conditions emerge.
What Traders Are Watching
• Whether DOGE tin prolong closes supra $0.245 and acceptable up a propulsion toward $0.28.
• ETF motorboat connected September 11, expected to beryllium a structural liquidity lawsuit for DOGE.
• Whale accumulation trends — continued inflows would validate organization conviction.
• Derivatives positioning arsenic ETF hype builds, with imaginable for heightened volatility astir launch.
• Broader crypto marketplace sentiment tied to Federal Reserve argumentation decisions aboriginal successful the month.
English (US) 