Dogecoin (DOGE) Price: Surges 7% as Rex-Osprey ETF Launch Expected This Week
TLDR
Dogecoin surged 7% in 24 hours to $0.231 with trading volume jumping 123% to $2.6 billion
Rex-Osprey DOGE ETF expected to launch this week, with Polymarket showing 94% approval odds
Analysts predict price targets of $0.50 to $1.40 as DOGE breaks key technical resistance levels
Broader altcoin market gains strength ahead of potential 50 basis point Fed rate cut on September 17
DOGE has rallied over 10% in the past week after bouncing from $0.205 support level
Dogecoin has emerged as the leader in today’s altcoin rally, posting a 7% gain in the past 24 hours. The meme coin is currently trading at $0.231, driven by speculation around the imminent launch of the Rex-Osprey DOGE ETF.
Trading volumes have surged dramatically, jumping 123% to reach $2.6 billion in daily volume. This represents a strong increase in market participation as investors position themselves ahead of potential ETF approval.
The rally comes after DOGE bounced from a weekly low of $0.205, posting gains of more than 10% over the past seven days. Market sentiment has turned bullish as expectations build around the ETF launch.
Nate Geraci, President of NovaDius Wealth Management, posted on X that the “first dogecoin ETF appears likely to launch this week.” The Rex-Osprey DOGE ETF, which trades under the ticker DOJE, has generated widespread anticipation.
First dogecoin ETF appears likely to launch this week…
Rex-Osprey DOGE ETF (DOJE).
Get ready.
Think we’re in for *wild* next 2 months for crypto ETFs.
— Nate Geraci (@NateGeraci) September 7, 2025
Polymarket data shows 94% odds for DOGE ETF approval, reflecting strong market confidence in the product’s launch. This level of certainty has contributed to the current price momentum.
Dogecoin Price Prediction
Chart analysis reveals DOGE has broken above a descending trend line that has acted as resistance since late July. The key resistance zone between $0.24 and $0.25 has been limiting upward movement since the beginning of the year.
Source: TradingView
Technical indicators are showing improvement across multiple timeframes. The MACD is displaying rising buying pressure after a month of bearish sentiment. The Chaikin Money Flow indicator is attempting to rise above zero, suggesting positive money flow.
Analysts see $0.50 as the next psychological target if current momentum continues. Some experts have set even higher targets, with predictions reaching $1.40 based on logarithmic trend analysis.
The current chart pattern shows DOGE trading within a broadening wedge formation. Each upward move has delivered stronger gains than previous rallies, maintaining the bullish structure.
Market Context Supports Rally
The broader altcoin market is showing strength ahead of the Federal Reserve’s September 17 meeting. Market participants are pricing in a 50 basis point rate cut, which could inject new liquidity into risk assets.
Other altcoins including XRP, Solana, and Hyperliquid are also posting gains in the current environment. The potential Fed pivot from quantitative tightening could set the stage for an extended altcoin season.
DOGE’s position as the largest meme coin by market capitalization puts it at the forefront of any institutional adoption wave. An ETF launch would provide regulated exposure without direct custody requirements.
The weekend trading session saw sustained buying pressure, with volumes remaining elevated throughout. This suggests retail and institutional interest is building ahead of the potential ETF announcement.
Market experts note that ETF approval would represent a milestone for meme coin legitimacy. Bitcoin and Ethereum ETFs have already demonstrated the impact of regulated investment products on crypto adoption.
Current price action suggests DOGE is preparing for a breakout above the $0.25 resistance level. A successful break with strong volume could validate the start of a fresh upward move toward the $0.33 to $0.35 range.
The Rex-Osprey DOGE ETF launch timeline remains the key catalyst for near-term price action, with market participants closely watching for official confirmation this week.
The post Dogecoin (DOGE) Price: Surges 7% as Rex-Osprey ETF Launch Expected This Week appeared first on CoinCentral.
Filed under: News - @ September 8, 2025 8:29 am