CoinDesk
Sep 12, 2025
6 0

DOGE Surges 6% as First U.S. ETF Launch Nears

Key Points:

  • Dogecoin surged nearly 6% to $0.261 as traders anticipated the debut of the U.S. Dogecoin ETF, "DOJE," on September 12.
  • Whale accumulation exceeded 280 million DOGE, contributing to a trading volume of over 1.1 billion.
  • Analysts focus on whether DOGE can maintain levels above $0.26 and advance toward the $0.29–$0.30 resistance zone.

News Background

  • The "DOJE" ETF represents the first exchange-traded product linked to a memecoin in the U.S.
  • Institutional interest is indicated by the large accumulation of DOGE before the ETF launch.
  • A bullish pennant breakout on hourly charts suggests potential targets between $0.28 and $0.50 if upward momentum continues.

Price Action Summary

  • DOGE increased by 5.8% from $0.246 to $0.261 within a 24-hour window, with highs at $0.264.
  • Breakout momentum was seen between 22:00–00:00, surpassing $0.253 resistance.
  • Volatility marked the final hour, with a slight pullback to $0.261, but support held near $0.260.

Technical Analysis

  • Support Levels: Base at $0.245–$0.246; renewed support at $0.260 during retracements.
  • Resistance Zones: Intraday rejection at $0.264; broader targets set at $0.29 and $0.50.
  • Volume Profile: Breakout volume of 1.1 billion indicates institutional activity ahead of the ETF launch.
  • Momentum Signals: Pennant breakout confirmed by higher lows and expanding volume; dip reads as corrective.

What Traders Are Watching

  • Can DOGE sustain closes above $0.26 and move towards $0.29?
  • The impact of the ETF launch on volatility and secondary flows.
  • Post-launch whale positioning following significant DOGE accumulation.
  • Options activity around $0.30 strikes potentially affecting gamma volatility.