Dogecoin clearly rallied in the September 9-10 session, recovering the $ 0.24- $ 0.25 range with a volume of more than 1.5 billion tokens. The move came as Rex-OSprey prepared to debut the first US Dogecoin ETF on September 11 under the “Doje” ticker.
Technical entrepreneurs flagged a bullish pennant breakout pattern, while large-scuming whale accumulation was added to the growing confidence that the institution’s demand was building around the launch.
News background
• The Rex-Ocey Doge ETF is set to start trading of September 11, making it the first US exchange-traded fund monitoring a memecoin without a stated utility.
• Whale addresses accumulated about 280 million dogs in the last week, indicating a strong institutional flow.
• Technical analysts feature a pennant breakout with reversed targets $ 0.28- $ 0.30 if the $ 0.25 level is held.
• ETF’s imagination has pushed enthusiasm to retail and social media, with dog trending heavy in predictions and derivatives.
Summary of price action
• DOGE ADVANCED 4% During September 9 13: 00 -September 10 12:00 Session, moving from $ 0.236 to a peak of $ 0.245.
• Early refusal saw a Doge’s fall from $ 0.247 to $ 0.236 by 14:00, which was back by a massive 1.55B volume setting a strong floor.
• The price combined within $ 0.238- $ 0.242 until most of the day, suggesting strategic accumulation.
• Final breakout time raised the Doge from $ 0.240 to $ 0.245, supported by 114.7m volume at the peak.
• The session is closed to $ 0.244, shy only in the resistance, confirming the bullish momentum on the ETF launch week.
Technical analysis
• Support: $ 0.236– $ 0.238 range proven by repeated high-volume rebounds.
• Resistance: $ 0.245– $ 0.247 remains the main ceiling; The break above can target $ 0.28.
• Volume: High sessions of 1.55B and late 114.7m time significantly exceed the 24 -hour average of 334m.
• Structure: Pennant Breakout confirms higher lows and accelerated final time quantities.
• Indicators: The RSI walking in the mid-60s suggests the room for further upside down before the conditions of over-thinking appear.
What do entrepreneurs watch
• If the Doge can maintain closing above $ 0.245 and set up a push towards $ 0.28.
• Launching the ETF on September 11, it is expected to be a structural event of liquidity for Doge.
• Trends in whale accumulation – continuous flow will prove institutional faith.
• Derivatives positioning while the ETF hype builds, with the potential for increased volatility in the launch.
• Wide sentiment in the crypto market tied to Federal Reserve policy decisions later in the month.
