"Dogecoin's ETF Debut Could Redefine Meme Coin Legitimacy"

Dogecoin (DOGE) has shown significant momentum in recent trading sessions, with the price hovering just below the $0.25 psychological level as anticipation grows ahead of the launch of the Rex-Osprey DOJE Exchange Traded Fund (ETF) in the United States. The asset, currently the largest meme coin by market capitalization, has posted two consecutive days of gains amid stabilizing risk-on sentiment in the broader crypto market.

The DOJE ETF, which was initially scheduled to start trading on Thursday, September 11, 2025, has been delayed and is now expected to go live on Friday, according to Bloomberg analyst Eric Balchunas. The fund will allocate 80% of its net assets to Dogecoin and other related assets, aiming to track the real-time performance of the cryptocurrency. This development represents a potential turning point for both the meme coin sector and traditional finance (TradFi), as it would be the first time a non-utility asset like Dogecoin gains formal access to mainstream financial markets.

Rising retail demand is reflected in the futures Open Interest (OI), which has climbed to $4.33 billion as of September 11, a significant increase from $3.3 billion recorded on Sunday. The elevated OI indicates strong investor conviction in the sustainability of Dogecoin’s current uptrend and highlights growing speculative activity around potential price movement. Analysts suggest that the growing interest in futures contracts may signal a push toward the $0.28 resistance level, last tested on July 21.

From a technical perspective, Dogecoin remains well above key moving averages, including the 50-day Exponential Moving Average (EMA) at $0.22, as well as the 100-day and 200-day EMAs, all of which hover around $0.21. The Moving Average Convergence Divergence (MACD) indicator has also generated a bullish signal, with the blue line holding above the red signal line since Sunday. A sustained move above the $0.25 resistance level could validate a broader bullish outlook for the asset. In the event of a pullback, the 50-day EMA is seen as a key support area.

The Relative Strength Index (RSI) currently stands at 65, indicating rising bullish momentum as the indicator approaches the overbought territory. This suggests weakening selling pressure and a strengthening case for continued price appreciation in the short term. Analysts closely monitoring the market note that a successful breakout above $0.25 could trigger further gains, potentially targeting $0.31 if Fibonacci levels and rising futures interest continue to support the rally.