Dogecoin ETF delay does little to deter major breakout
Dogecoin continued its strong rally amid rising institutional demand. Its rally accelerated even after the much-anticipated spot DOGE ETF launch was delayed again.
- DOGE price rallied despite the new DOJE ETF launch being delayed.
- Cleancore continued its Dogecoin accumulation this week.
- Technical analysis points to more gains, potentially 50%.
Dogecoin (DOGE) jumped to $0.2840, its highest level since July 21 and 100% above the lowest point in April this year. Its 24-hour volume soared to over $5 billion, a sign of relentless demand.
DOJE ETF delayed, but institutional demand remains
Dogecoin’s price performed well, even after the Rex-Osprey Dogecoin ETF (DOJE), initially set to launch on Friday, was delayed again.
In an X post, Bloomberg’s Eric Balchunas estimated that the fund will likely be listed next Thursday, Sept. 18.
Update Part 3: Another delay. Launching next week. Mid week. Prob Thur. https://t.co/Lzk2pCVo0E
— Eric Balchunas (@EricBalchunas) September 11, 2025
DOJE will differ from the spot ETFs of companies like Grayscal, 21Shares, and Bitwise. It was approved under the Investment Company Act of 1940 and will have a Cayman subsidiary holding DOGE and its derivatives.
Polymarket users predict that the SEC will also approve the other standard DOGE ETFs in October, which will help boost its price. Odds of this approval are high because Dogecoin is similar to Bitcoin (BTC) as it is a proof-of-work coin.
Dogecoin price has also jumped amid institutional demand. CleanCore Solutionshas become a major DOGE buyer, and together with House of DOGE, plans to own 5% of the supply over time. Bit Origin has also bought over 70 million coins and is raising $500 million for more purchases.
Dogecoin price technical analysis
The daily timeframe chart shows that Dogecoin has been in an uptrend in the past few days and is now hovering at its highest point since February. It is about to flip the upper side of the ascending trendline, a move that would confirm a bullish breakout.
DOGE moved above the 50-day and 100-day Exponential Moving Averages. Also, the Relative Strength Index and the Average Directional Index have continued rising.
Therefore, a move above the upper side of the channel will validate the breakout, and possibly push it to the key resistance level at $0.4320, the highest point in January, which is about 52% above the current level.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Exclusive Interview with Bitget CMO Ignacio: Good Code Eliminates Friction, Good Branding Eliminates Doubt
A software engineer’s philosophy of branding.
App delays and launch sniping: Base co-founder’s token issuance sparks community dissatisfaction
While most major altcoins are showing weakness, Jesse has chosen to issue a token at this time, and the market may not respond positively.
"Crypto bull" Tom Lee: The crypto market correction may be nearing its end, and bitcoin is becoming a leading indicator for the US stock market.
"Crypto bull" Tom Lee stated that on October 10, an abnormality in the cryptocurrency market triggered automatic liquidations, resulting in 2 million accounts being liquidated. After market makers suffered heavy losses, they reduced their balance sheets, leading to a vicious cycle of liquidity drying up.
Besant unexpectedly appears at a "Bitcoin-themed bar," crypto community "pleasantly surprised": This is the signal
U.S. Treasury Secretary Janet Yellen made a surprise appearance at a bitcoin-themed bar in Washington, an act regarded by the cryptocurrency community as a clear signal of support from the federal government.
Trending news
MoreCrypto prices
More
