The introduction of a Dogecoin ETF could be a major milestone for DOGE. Experts predict that the price could initially rise toward $0.50, with potential to reach $1 or even higher once a spot DOGE ETF attracts institutional capital.

Key points:
• The Rex-Osprey DOGE ETF is scheduled to launch this week.
• Technical analysis points to a short-term rally toward $0.50, with a possible longer-term target between $1.40 and $3.65.

On Tuesday, Dogecoin traded at $0.24, up 20% from its local low of $0.2047 on September 1. This rebound is fueled by growing optimism around the potential launch of the first Dogecoin ETF in the US this week.

A Historic Milestone for Dogecoin?

This week could mark a key moment for Dogecoin, as the Rex-Osprey DOGE ETF, under ticker $DOJE, is set to launch in the United States. This would be the first-ever Dogecoin ETF in the US, giving investors indirect exposure to Dogecoin. The announcement has generated excitement among both crypto enthusiasts and traditional investors.

The US Securities and Exchange Commission (SEC) is expected to make decisions on several spot ETF applications soon, including Grayscale‘s request to convert its Dogecoin Trust into an ETF. A decision is expected by mid-October.

Polymarket predictors are highly optimistic, estimating a 91% chance of a spot DOGE ETF being approved in 2025.

From Meme to Mainstream

Dogecoin ETFs show that memecoins are no longer just internet jokes—they are evolving into legitimate financial products. Increased access through traditional markets and growing institutional adoption could fuel a significant price rally for DOGE.

Can Dogecoin Break $1?

Technical analysis on higher timeframes suggests that Dogecoin is well-positioned for an upward move. The price is forming an ascending triangle on the weekly chart, with resistance at $0.27. A weekly close above this level would confirm a breakout toward the short-term target of $0.50—a potential 110% increase from the current price.

On the monthly chart, a cup-and-handle pattern points to an even more ambitious target: if DOGE breaks resistance at $0.42, it could rise to $1.40. The full depth of the cup projects an even higher target of $3.65.

Some analysts, such as XForceGlobal, see DOGE reaching an all-time high of around $1 this cycle, with theoretical scenarios of $10 based on Elliott Wave analysis.

Disclaimer: This is not financial advice. Always do your own research and consult a professional before making investment decisions.