Dogecoin is once again in the spotlight as excitement builds around the potential launch of the first U.S. Dogecoin ETF. The Rex-Osprey DOGE ETF, expected to trade under the ticker $DOJE, could debut this week, giving traditional investors easier access to the popular memecoin.
DOGE traded near $0.24 on Tuesday, marking a 20% rebound from its September 1 local low of $0.2047. Analysts suggest that the ETF launch could be the key catalyst to push Dogecoin toward $0.50 in the near term, with much higher targets possible if momentum continues.
ETF Store President Nate Geraci noted on X that the Dogecoin ETF launch may trigger a “wild next 2 months” for crypto ETFs. Polymarket traders are also highly optimistic, giving a 91% chance of a spot DOGE ETF approval in 2025. Meanwhile, the SEC faces a mid-October deadline to decide on Grayscale’s bid to convert its Dogecoin Trust into an ETF.
From a technical perspective, Dogecoin is showing a bullish setup. On the weekly chart, DOGE has been forming an ascending triangle. A breakout above $0.27 could confirm a rally toward $0.50, representing a potential 110% surge from current levels.
Zooming out, the monthly chart paints an even more ambitious picture. A cup-and-handle formation suggests upside targets between $1.40 and $3.65, depending on how strongly the breakout develops. Popular analyst XForceGlobal also pointed out that DOGE could test $1 this cycle, with a long-shot possibility of reaching $10 based on Elliott Wave patterns.
The growing interest in Dogecoin ETFs underlines how memecoins are no longer just internet culture phenomena but are evolving into mainstream financial instruments. Institutional exposure could be the fuel needed for DOGE to finally achieve the $1 milestone and beyond.
