Dogecoin gathered sharply during session 9 to 10 September and recovered $ 0.24- $ 0.25 series with volume waving over 1.5 billion tokens. The move comes as Rex-Osprey is preparing to debut the first US Dogecoin Etf on September 11 under the ticker “Doje.”
Technical retailers marked a Bullish Vimple Breakout pattern, while the large whale accumulation added the growing confidence that institutional demand is building around launch.
News Background
• Rex-OsPrey Doge ETF is scheduled to start trading on September 11, making it the first US Stockworked Fund to track a Memecoin without a declared tool.
• Whale addresses accumulated approx. 280 million doge in the last week, indicating strong institutional size streams.
• Technical analysts highlight a pennant -breakout with upward target of $ 0.28- $ 0.30 if the $ 0.25 level is held.
• ETF speculations have run retail and social media enthusiasms, with DOGE that is strong in prediction markets and derivatives.
Summary of Price Action
• Doge advanced 4% during the September 9th 13: 00 – 10th September 12:00 session and moved from $ 0.236 to a highlight of $ 0.245.
• Early decline so that DOGE falls from $ 0.247 to $ 0.236 at 14:00, supported by a massive 1.55B volume that set a strong floor.
• Price consolidated within $ 0.238- $ 0.242 throughout most of the day, suggesting strategic accumulation.
• Final Hour Breakout lifted DODE from $ 0.240 to $ 0.245, supported by 114.7 m volume on top.
• Session closed at $ 0.244, just shy for resistance, confirming Bullish Momentum to ETF launch week.
Technical analysis
• Support: $ 0.236- $ 0.238 range validated by repeated rebounds with high volume.
• Resistance: $ 0.245- $ 0.247 remains the main ceiling; Break above could target $ 0.28.
• Volume: Session heights of 1.55b and late at 114.7 m exceeded significantly 24-hour average of 334 m.
• Structure: Pennant Breakout confirmed by higher low and accelerating amounts of the last hours.
• Indicators: RSI, which hovers in the mid -60s, suggests space for additional upside before overbought conditions occur.
Which dealers are looking at
• Whether DODE can maintain closes over $ 0.245 and push a push against $ 0.28.
• ETF launch on September 11 is expected to be a structural liquidity event for DOGE.
• Whale accumulation trends – continued influx would validate institutional conviction.
• Derivatives Location like ETF hype builds with the potential for increased volatility around launch.
• Wider crypto market mood tied to Federal Reserve -Political Decisions later this month.
