Dogecoin Price Rally: Can the New ETF Catapult DOGE to $0.45?

Wall Street's latest crypto embrace sends Dogecoin soaring—but can the meme coin sustain momentum?

ETF approval triggers 30% surge

The Dogecoin ETF greenlight sparked immediate fireworks across exchanges. Trading volumes doubled within hours as institutional money finally accessed the people's cryptocurrency through regulated channels. Market makers scrambled to meet demand while retail investors cheered the legitimacy boost.

Technical breakout confirms bullish pattern

DOGE shattered resistance levels that held for months, clearing the path toward $0.45. The moving average convergence divergence indicator flashes strongest buy signal since 2021's meme stock frenzy. TradingView analysts note the symmetrical triangle breakout suggests 40% upside from current levels—if volume persists.

Institutional adoption meets meme magic

Goldman Sachs will custody the ETF shares while Citadel handles market making—a surreal marriage of Wall Street titans and a cryptocurrency born from a Shiba Inu joke. The ETF structure eliminates self-custody hurdles that kept pension funds sidelined, though purists grumble about centralization creeping into decentralized assets.

Regulatory hurdles remain

The SEC approved the ETF but added unusual warnings about 'speculative assets with no fundamental value'—a barely-veiled jab at Dogecoin's inflationary supply model. Meanwhile, futures open interest hits record highs as leveraged traders bet on volatility.

Can DOGE defy gravity?

Every crypto ETF initially creates artificial demand through forced buying—portfolio managers must allocate whether they believe in the asset or not. The real test comes when the rebalancing frenzy ends and Dogecoin stands on its own fundamentals. Or lack thereof, as traditional finance veterans whisper behind Bloomberg terminals.

Dogecoin (DOGE), the world-famous meme coin, is back in the spotlight as the first-ever U.S. Dogecoin exchange-traded fund (ETF) begins trading. The REX-Osprey Doge ETF debuted on the CBOE exchange, offering investors the direct exposure to Dogecoin.

The strong debut of Doge ETF has investors and analysts wondering: could this ETF be the catalyst for a major DOGE rally?

Dogecoin ETF Pump Token Price

The U.S. market has witnessed a historic milestone with the official launch of the first-ever dogecoin exchange-traded fund (ETF) on September 18, 2025. Within the first hour after opening, the DOJE ETF recorded an astounding $6 million in trading volume, reflecting robust investor appetite and institutional interest

Bloomberg analyst Eric Balchunas had predicted a modest $2.5 million in volume for the entire first day. Instead, the ETF smashed those expectations in less than 60 minutes, highlighting strong confidence in Dogecoin’s future.

Following the ETF debut, Dogecoin’s price reacted quickly, rallying toward $0.30, a level not seen in months.

More DOGE ETFs Await Approval in October

The momentum doesn’t stop with the first launch. The 21Shares spot-based DOGE ETF was recently listed on the Depository Trust & Clearing Corporation (DTCC), a step that signals broader adoption is on the way.

At the same time, the U.S. SEC is reviewing new Dogecoin ETF applications from Grayscale and Bitwise, with final decisions expected by October 17. 

Many experts believe the strong debut of the first DOGE ETF could boost the odds of approval for these upcoming filings.

Make-or-Break Moment For Dogecoin

As of now, DOGE is hovering near $0.23, brushing close to its rising trendline support. crypto analyst Ali Martinez notes that the $0.22 mark could be the make-or-break zone for DOGE. Historically, Dogecoin tends to rally aggressively once major resistances turn into support.

Dogecoin $DOGE must hold $0.22 for a potential rebound to the triangle's x-axis at $0.29! pic.twitter.com/ZhgcCMAjue

Therefore, if bulls manage to defend this zone, it could spark renewed confidence, with the next major test sitting at the triangle’s upper boundary around $0.29 or even $0.45.

But the flip side is equally clear. Losing $0.22 could unravel the setup, opening the door to lower levels around $0.20 or even $0.19.