Dogecoin Surges 5% as Delayed ETF Finally Launches Next Week

Meme coin defies gravity with pre-ETF pump—because what's crypto without a little drama?

THE COUNTDOWN BEGINS

After weeks of delays that had traders sweating, Dogecoin's ETF is locked for launch next week. The 5% jump isn't just hype—it's the market betting that Wall Street's finally ready to embrace the dog.

WHY THIS MATTERS

Mainstream adoption meets internet money. Institutions get exposure without actually touching the volatile asset—classic finance, hedging even their hedges.

BULLISH, BUT KEEP LEASH HANDY

Sure, it's another case of 'buy the rumor,' but in a world where traditional finance still can't tell a blockchain from a spreadsheet, maybe it's the jolt the sector needs. Just don't forget—what ETFs giveth, crypto twitter taketh away.

Traders Position for ETF Launch

The 5% price gain suggests that investors are positioning ahead of the ETF debut. Traditionally, the launch of ETFs receives long term inflows of institutional funds, which enhances the liquidity of the market. 

Data from Coinglass shows Dogecoin’s open interest ROSE 5.24% in 24 hours to $4.28 billion, outpacing the spot price increase, while futures trading volume jumped 22.7%.

Technical Outlook: DOGE Could Rally to $0.39

From a technical perspective, Dogecoin’s breakout above $0.25 completes a double-bottom reversal pattern forming since April. The neckline sits NEAR $0.28, with a projected long-term target of $0.39. 

Momentum indicators support further gains: the daily RSI is 63.1, and Doge remains above its 5-day ($0.241) and 13-day ($0.231) SMAs, both acting as support. A sustained move above $0.28 could push prices to $0.30–$0.32 in the short term.

The expectation of an ETF and Dogecoin’s increasing activity are indicators of increased retail and institutional interest in the crypto market, so this week is critical to DOGE traders.

Also Read: Dogecoin’s House of DOGE Taps Bitstamp to Secure DOGE Treasury