Dogecoin price has held above a key support with bullish breakout patterns in play.
DOJE ETF launch delayed to mid-next week, but market optimism remains high.
Analysts see the ETF inflows fueling a rally that could push DOGE toward $3.
Dogecoin (DOGE) has found itself at the centre of market attention once again, this time not because of a social media frenzy but due to institutional interest.
The long-anticipated launch of the first US-listed Dogecoin exchange-traded fund (ETF) has been delayed to next week, but excitement surrounding the event has already fueled bullish momentum in the meme coin’s price.
Traders and analysts are closely watching the charts, and many believe the current setup could propel DOGE toward a multi-dollar future.
Rex-Osprey DOJE ETF delay fails to cool the hype
The Rex-Osprey DOJE ETF, which will invest most of its assets directly in Dogecoin, represents a milestone for both the memecoin community and the broader crypto industry.
For the first time, a US ETF is being tied to a digital asset that has openly embraced its lack of traditional utility.
According to earlier sources, the Dogecoin ETF was to be launched on Thursday, but Bloomberg’s Eric Balchunas has said that the fund will officially begin trading next week, instead of today, as he had alluded to in his earlier postponement projection.
Update Part 3: Another delay. Launching next week. Mid week. Prob Thur. https://t.co/Lzk2pCVo0E
— Eric Balchunas (@EricBalchunas) September 11, 2025
Despite the setback, investors appear unfazed. Dogecoin’s price has steadily climbed in recent days, overcoming the turbulence caused by US inflation data and holding firm above key support levels.
Open interest in Dogecoin futures, according to Coinglass, has also surged to more than $4.67 billion, up from $3.3 billion earlier in the week.
This shows retail traders and institutions alike are positioning themselves ahead of the ETF debut.
Dogecoin price breakout signals a strong bullish trend
From a technical perspective, Dogecoin is flashing strong bullish signals.
As highlighted by CryptoJoe on CoinMarketcap, the Dogecoin price has broken above a descending trend line, a move analysts interpret as part of an impulsive wave-three rally.
This wave structure suggests further upside is likely, with no immediate signs of a top.
Support for the next corrective wave is expected between $0.2425 and $0.2295, giving the market room for healthy pullbacks before resuming its climb.
Key moving averages continue to support the bullish case, with DOGE currently trading well above its 50-day exponential moving average, as well as its 100-day and 200-day averages.
Momentum indicators such as the MACD also remain positive, and the Relative Strength Index (RSI) has held near 65, showing strong buying pressure without entering extreme overbought conditions.
Path toward higher targets
Chart patterns also align with the optimistic outlook.
As highlighted by Mycatdorito on TradingView, there is a symmetrical triangle breakout that points toward a $0.29 short-term target, while an Adam and Eve double-bottom pattern on the 12-hour chart suggests potential for a move closer to $0.30.
Fibonacci extensions indicate resistance levels could stretch as high as $0.37 if momentum accelerates.
Yet the ETF launch adds a new layer of significance.
The DOJE ETF is expected to attract institutional inflows similar to those seen with Bitcoin and Ethereum products, even if at a smaller scale.
Market strategists argue that mainstream financial exposure could create a demand shock for Dogecoin, helping it sustain long-term rallies.
Could $3 be on the horizon?
The question for many investors is not whether Dogecoin (DOGE) can reach its immediate targets, but whether it can eventually break into new territory.
With the coin up more than 150% over the past year, a sustained push beyond the current resistance zone could pave the way for a broader rally.
If ETF-driven inflows materialise and market confidence holds, analysts suggest Dogecoin could embark on a multi-stage climb with $3 as a realistic medium-term goal.
For now, the $0.25 resistance level remains the immediate barrier to watch. A decisive break above it could validate the bullish structure and clear the path to higher levels.
Traders should also monitor $0.22 and $0.20 as critical support zones in case of a pullback.
