Dogecoin broke above $0.25 for the first time in a month after Bloomberg’s Eric Balchunas confirmed the DOJE ETF will begin trading Friday. Futures open interest hit $4.5B as traders piled in ahead of the debut, while technicals point to a potential run toward $0.39.
By Ibrahim Ajibade
Editor Marco T. Lanz
Updated
3 mins read
Dogecoin BTC $115 121 24h volatility: 1.1% Market cap: $2.29 T Vol. 24h: $43.16 B price rose 5% on Thursday, cleanly breaching the $0.25 level for the first time in nearly a month. The main bullish catalyst was the imminent Dogecoin ETF nearing approval after months of pushback and a long-running review process by the US Securities and Exchange Commission (SEC).
On Thursday, Bloomberg Chief ETF Analyst Eric Balchunas confirmed that a Dogecoin ETF filing by Rex Osprey under the ticker DOJE is now set to resume trading on Friday, after a 24-hour delay.
UPDATE: we got a little rain delay, $DOJE is now scheduled to begin trading Friday 9/12, not today. https://t.co/admrTc7UGo
— Eric Balchunas (@EricBalchunas) September 11, 2025
Dogecoin’s 5% price gains on Thursday suggest traders are positioning themselves ahead of the ETF debut. First, ETF launches historically attract persistent inflows from institutional investors, enhancing market depth and liquidity. Second, retail sentiment is also likely to spike considerably as corporate involvement gives credibility to memecoins like DOGE.
Dogecoin derivative market analysis, Sept 11, 2025 | Source: Coinglass
Consequently, the DOGE 5% spot price upswing was not the only eye-catching market reaction to the news. In the derivatives markets, Dogecoin traders were spotted mounting leveraged positions to front-run the landmark ETF launch.
Affirming this narrative, Coinglass data show that open interest rose 6.9% in the last 24 hours, hitting $4.5 billion and outpacing the spot price uptick, while futures trading volume also increased by 22.7%.
From a technical perspective, Dogecoin’s price breakout above $0.25 signals the completion of a double-bottom reversal pattern that has been forming since April. The neckline of this pattern sits near $0.28, with a measured move target projecting a long-term rally toward $0.39.
Momentum indicators also support this bullish outlook. As seen below, the daily Relative Strength Index (RSI) has climbed to 63.1, mildly overheating but leaving room for further upside. Meanwhile, DOGE remains comfortably above its short-term moving averages, with the 5-day SMA at $0.241 and the 13-day SMA at $0.231, both acting as support.
Dogecoin (DOGE) Technical Price Forecast | TradingView
If buying pressure sustains above $0.25 and breaks the neckline at $0.28, Dogecoin could accelerate toward the $0.30 to $0.32 range in the near term. A clean breakout would open the door to the $0.39 target highlighted by the double-bottom formation.
However, failure to hold $0.24 support could invalidate the upside momentum and raise the risk of a possible retracement toward $0.22.
The imminent Dogecoin ETF has reignited enthusiasm across the meme coin sector, fueling demand for new community-driven projects. Pepenode, a mine-to-earn memecoin, is drawing significant traction.
Pepenode Presale
The Pepenode presale has already raised $1 million out of a $1.1 million target, with the token currently priced at $0.0010. Pepenode investors get to acquire meme nodes, upgrade facilities, and earn staking rewards of up to 2,863% APY, with additional airdrops including $PEPE and $FARTCOIN for top miners.
Prospective new entrants can still visit the official Pepenode website to participate before the current presale stage closes in less than 24 hours.
Disclaimer: Coinspeaker is committed to providing unbiased and transparent reporting. This article aims to deliver accurate and timely information but should not be taken as financial or investment advice. Since market conditions can change rapidly, we encourage you to verify information on your own and consult with a professional before making any decisions based on this content.
Ibrahim Ajibade is a seasoned research analyst with a background in supporting various Web3 startups and financial organizations. He earned his undergraduate degree in Economics and is currently studying for a Master’s in Blockchain and Distributed Ledger Technologies at the University of Malta.
