Dogecoin surged nearly 6% to $0.261 in the past 24 hours as traders positioned for the scheduled debut of the first U.S. Dogecoin ETF on September 12. Anticipation of the “DOJE” product, coupled with whale accumulation exceeding 280 million DOGE, fueled heavy late-session flows with volume topping 1.1 billion. Analysts now focus on whether the token can sustain closes above $0.26 and build toward the $0.29–$0.30 resistance zone. News Background • The first U.S. Dogecoin ETF (ticker: DOJE) is scheduled to begin trading on September 12, representing the first exchange-traded product linked to a memecoin. • Large holders accumulated more than 280 million DOGE in the days leading up to the listing, signaling growing institutional participation. • Market technicians highlight a bullish pennant breakout on hourly charts, with upside targets extending to $0.28–$0.50 if momentum continues. Price Action Summary • DOGE gained 5.8% during the 24-hour period from September 11 at 03:00 to September 12 at 02:00, advancing from $0.246 to $0.261. • The session traded within a $0.019 band (7.6%), hitting a low of $0.245 and a high of $0.264. • Breakout momentum developed between 22:00–00:00, when DOGE cleared $0.253 resistance on volume exceeding 1.1 billion. • The final 60 minutes showed volatility, with a pullback from $0.264 to $0.261 (-0.76%), but support held near $0.260 after repeated tests. Technical Analysis • Support Levels : Firm base at $0.245–$0.246; renewed support observed at $0.260 during late-session retracements. • Resistance Zones : First rejection at $0.264 intraday, with broader targets identified at $0.29 and $0.50. • Volume Profile : Breakout volume surpassed 1.1 billion, nearly triple average levels, indicating institutional flows ahead of ETF debut. • Momentum Signals : Pennant breakout confirmed by higher lows and expanding volume; late dip reads as corrective rather than trend reversal. What Traders Are Watching • Can DOGE sustain closes above $0.26 and build toward the $0.29 resistance zone? • ETF launch on September 12 and whether secondary flows from brokers/institutional desks accelerate volatility. • Whale positioning after 280 million DOGE accumulated in the past week. • Options activity around $0.30 strikes that could drive gamma volatility into expiries.
