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Dogecoin price can break $ 1 if Doge ETF has approved


Key Takeaways:

  • Rex-Ocey Doge ETF is expected to launch this week.

  • A classic chart pattern indicates the $ 0.50 dog price rally, with a $ 1.40- $ 3.65 longer target target.

Dogecoin (Doge) The price exchanged for $ 0.24 on Tuesday, to

Will this be the catalyst for the price of Doge that finally breaks $ 1?

The first Dogecoin ETF will come?

This week can mark a historical moment for Dogecoin as Rex-Opprey Doge Exchange-Traded Fund (ETF) Under Ticker $ Doje, is expected to launch In the United States.

The ETF is the first Dogecoin ETF in the US, which gives investors indirect exposure to Dogecoin. It forms a lot of excitement from both crypto fans and traditional investors.

Related: Media company projects linked to Trump Jr. is $ 100m Dogecoin Mining Haul

“The first Dogecoin ETF will appear to be launched this week,” ETF store president Nate Geraci Says In an X post on Monday, adding:

“Get ready. I think we’re inside for * wild * next 2 months for crypto ETFs.”

The US Securities and Exchange Commission is expected to decide Many Spot Applications Although earlier, including Grayscale’s application to I -Convert the Dogecoin’s trust in an ETF. The deadline for the SEC to decide on this application is mid -October.

Polymarket bettors are highly optimistic, putting the odds of a Doge ETF area in 2025 to 91%.

Spot Doge etf Approval Odds. Source: Polymarket

Dogecoin Etfs featured how Memecoins are not just internet jokes, but are real financial products. With more investors getting accessible through the traditional market and with increasing Adopting an institutionDogecoin can enjoy a wonderful rally as a result.

Can Dococoin break $ 1?

Dogecoin technical setup in higher time frames suggests that Memecoin is properly positioned for lift.

The price is coiling up with a Climbing triangle In the weekly chart, as shown below. The bulls are now focusing on pushing the Doge above the triangle resistance line to $ 0.27. A weekly candle near this upper level will confirm a breakout towards the bullish target of the existing chart pattern at $ 0.50.

Such a move represents a $ 110% rally from the current price.

Doge/USD Daily Chart. Source: Cointelegraph/Tradingview

The target can be higher when zooming out with a cup-and-handle pattern on the monthly chart.

Based on the depth of the handle, the price could undergo a 495% increase to $ 1.40 once the resistance was broken to $ 0.42. Cup depth projects a more ambitious $ 3.65 target price for Dogecoin.

Doge/USD monthly chart. Source: Cointelegraph/Tradingview

Famous analyst Xforceglobal says dogcoin can reach a full time high around this $ 1 cycle, but it is also possible a $ 10 dog price, based on Elliott wave Assessment.

This article does not contain investment advice or recommendations. Every transfer of investment and trading involves risk, and readers should conduct their own research when deciding.