Dogecoin is currently experiencing significant market buzz and a price surge ahead of the anticipated launch of the REX-Osprey DOGE ETF, with the ticker DOJE, expected on September 11. The news has fueled a more than 15.59% price increase for DOGE over the past week, as investors speculate that the ETF will broaden access for both retail institutional investors. This increased exposure is expected to drive greater adoption and positive price momentum for the meme coin.
As the launch hour approaches, Dogecoin's price has been on an upward trajectory, trading at $0.2494 with a 3.35% increase in the last 24 hours. The intraday peak was $0.253, and traders are now eyeing the next resistance level at $0.2680. However, a key challenge remains the low trading volume, which is down by 11.22% to $3.24 billion, a factor that could hinder its ability to breach this resistance level.
The success of the ETF launch could be a major catalyst to push trading volume into the green and help Dogecoin potentially reach the $0.50 mark. For context, the last time DOGE was near this price was in December 2024 at $0.4672, while its all-time high of $0.7376 was set back in May 2021. The crypto community is keenly watching to see if Dogecoin's performance will mirror that of Bitcoin following its own ETF launch.
