Key takeaways:
The Rex-Osprey DOGE ETF is expected to launch this week.
A classic chart pattern hints at $0.50 DOGE price rally, with a $1.40-$3.65 longer-term target.
Dogecoin (DOGE) price traded at $0.24 on Tuesday, up 20% from its local low of $0.2047 reached on Sept. 1. This recovery is fueled by increasing optimism around the possible launch of the first Dogecoin ETF in the US this week.
Will this be the catalyst for DOGE price to finally break $1?
First Dogecoin ETF is coming?
This week could mark a historic moment for Dogecoin as the Rex-Osprey DOGE exchange-traded fund (ETF) under the ticker $DOJE, is expected to launch in the United States.
The ETF would be the first Dogecoin ETF in the US, giving investors indirect exposure to Dogecoin. This is generating a lot of excitement from both crypto fans and traditional investors.
Related: Trump Jr.-linked media company projects $100M Dogecoin mining haul
“First dogecoin ETF appears likely to launch this week,” ETF Store President Nate Geraci said in an X post on Monday, adding:
“Get ready. I think we’re in for *wild* next 2 months for crypto ETFs.”
The US Securities and Exchange Commission is expected to decide on numerous spot ETF applications even earlier, including Grayscale’s application to convert its Dogecoin Trust into an ETF. The deadline for the SEC to decide on this application is mid-October.
Polymarket bettors are highly optimistic, placing the odds of a spot DOGE ETF in 2025 at 91%.
Dogecoin ETFs highlight how memecoins are no longer just internet jokes, but are becoming real financial products. With more investors gaining access through traditional markets and with increased institutional adoption, Dogecoin could enjoy an impressive rally as a result.
Can Dogecoin break $1?
Dogecoin’s technical setup on higher time frames suggests that the memecoin is well-positioned for liftoff.
The price has been coiling up in an ascending triangle on the weekly chart, as shown below. Bulls are now focused on pushing DOGE above the triangle’s resistance line at $0.27. A weekly candlestick close above this level would confirm a breakout toward the bullish target of the prevailing chart pattern at $0.50.
Such a move would represent a $110% rally from the current price.
The target could be even higher when zooming out with a cup-and-handle pattern on the monthly chart.
Based on the handle’s depth, the price could undergo a 495% rise to $1.40 once the resistance at $0.42 is broken. The cup’s depth projects a more ambitious $3.65 price target for Dogecoin.
Popular analyst XForceGlobal said that Dogecoin could reach an all-time high of around $1 this cycle, but a $10 DOGE price was also possible, based on Elliott Wave analysis.
$DOGE
Still very bullish on the macro for #DOGE.$DOGE still amazes me because it has a pretty conventional textbook 5-wave move since its inception.
This cycle should finish with a ATH, w/ a minimum target around $1 (realistic), and a maximum target going into double digits. pic.twitter.com/8NcY32WyXo
— XForceGlobal (@XForceGlobal) September 5, 2025
This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.
