Dogecoin's Bullish Momentum: ETF Launch Ignites Potential Breakout

Dogecoin (DOGE) is gaining traction, trading at $0.25034 USDT with a 2.69% rise. The 24-hour volume of 1.86 billion DOGE ($461.14 million USDT) reflects strong interest. The chart shows a bullish breakout above key moving averages: 7-period MA at $0.24790, 25-period at $0.24028, and 99-period at $0.22252, indicating sustained momentum with a pennant pattern post-consolidation between $0.20 and $0.25.

The driver is the upcoming U.S. launch of the first Dogecoin ETF (DOJE) by REX Shares and Osprey Funds, approved under the Investment Company Act of 1940. This offers regulated exposure for traditional investors, with projected inflows over $700 million. Whale activity shows 280 million DOGE accumulated, and favorable U.S. economic data supports the rally, outpacing SOL and XRP.

Resistance lies at $0.25 to $0.28, with a potential push to $0.279 to $0.30 if $0.25 holds. Support is firm at $0.21 to $0.23, with a September range of $0.23 to $0.27, possibly hitting $0.50 by year-end with upgrades. Risks include unlimited supply and a possible drop to $0.19 to $0.20 if $0.25 fails. Watch RSI above 70 for overbought signals.

In short, the ETF launch positions DOGE for a rally, but caution and research are key.

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