Dogecoin Surges 11% to Multi-Month High, ETF Launch Delayed

Dogecoin's price has surpassed the $0.3 mark, experiencing an 11% increase to reach a multi-month high.

The rise occurred despite a delay in the planned launch of the first spot DOGE ETF by the REX-Osprey fund, now expected next week.
This ETF could allow institutional investors exposure to Dogecoin without directly holding the asset.

Meme Coin Rebound and Analysis

Analysts set potential upside targets, with Javon Marks suggesting a breakout target at $0.6533, over 100% above current prices.
Key resistance levels include $0.26 and $0.45, with recent price action showing increased buying pressure.

Whale Activity and Technical Signals

Strong whale buys reported at current levels; Dogecoin briefly reached $0.2840, with 24-hour volume exceeding $5 billion.
Monthly RSI crossover suggests bullish momentum, but a firm monthly close is needed for trend confirmation.

Market Outlook

A move above $0.26 could confirm further gains, potentially driving prices to $0.45 and then $0.80 if buying momentum continues.
The delayed ETF launch introduces some uncertainty, but ongoing rally indicates other buyers are positioning ahead of it.

Dogecoin's resurgence above $0.3 signals potential upside if key supports hold, amid whale accumulation and technical indicators pointing to bullish prospects.