Key Takeaways:
Dogecoin rises 1.27% as ETF (DOJE) launch fuels investor interest
Altcoin Season Index hits 72, with DOGE outperforming Bitcoin 90-day
CleanCore acquires 100M DOGE, boosting institutional holdings to 600M
Dogecoin Gains Ahead of ETF Launch
Dogecoin (DOGE) continued an upward trend, climbing 1.27% in the last 24 hours and posting an 8% weekly gain. The move comes as Rex-Osprey’s Dogecoin ETF (DOJE) prepares for official launch on September 18.
This marks a milestone for altcoin adoption in traditional finance, echoing the structure of Rex-Osprey’s earlier Solana ETF.
Altcoin Season Momentum Lifts DOGE
The Altcoin Season Index has surged to 72/100, up over 63% in the past month, reflecting increased capital rotation into alternative digital assets. Dogecoin is outperforming major peers, posting a 58% 90-day gain compared to Bitcoin’s 7.83%, according to CoinMarketCap.
Technical Breakout Points to Further Upside
DOGE recently broke above its 30-day simple moving average ($0.231) and is currently testing resistance near the 38.2% Fibonacci retracement level at $0.267. Technical indicators suggest continued bullish momentum, with the Relative Strength Index (RSI) at 62.35, still below overbought territory.
Institutional Interest Builds as CleanCore Adds DOGE
Institutional interest in Dogecoin is also on the rise. Treasury firm CleanCore announced the acquisition of an additional 100 million DOGE, bringing its total holdings to over 600 million DOGE. This signals increased corporate interest in DOGE as a digital treasury asset, reinforcing market confidence ahead of the ETF launch.
Dogecoin Outlook: ETF Catalyst, Key Levels to Watch
Dogecoin’s current momentum hinges on the success of the DOJE ETF debut. Key technical and on-chain indicators support the bullish thesis, but profit-taking and ETF-related tax concerns may limit upside if inflows fall short of expectations.
Key levels to watch include:
$0.267: Short-term resistance (38.2% Fibonacci level)
$0.231: 30-day SMA support
$0.305, $0.333: Potential upside targets
A confirmed hold above $0.267 post ETF launch would reinforce bullish momentum. A failure to do so could trigger short-term corrections.
