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Dogecoin surge continues as ETF listing stalls
Dogecoin extended its recent upswing as institutional interest intensified, shrugging off another postponement of the long-awaited Rex-Osprey Dogecoin ETF (DOJE). The memecoin climbed to roughly $0.2840 — its best level since July 21 — and its 24-hour trading volume topped $5 billion, underlining robust demand from both retail and institutional participants.
DOJE delay fails to dent confidence
Regulators delayed the DOJE listing that had been slated for Friday, but market expectations remain that the ETF will be live soon. Bloomberg analyst Eric Balchunas suggested the fund could list as early as Thursday, Sept. 18. Market observers on platforms such as Polymarket are also pricing in a high probability that the Securities and Exchange Commission will greenlight other standard spot DOGE ETFs in October.
How DOJE differs from other spot ETFs
Unlike spot ETFs launched by firms such as Grayscale, 21Shares and Bitwise, DOJE was structured under the Investment Company Act of 1940 and will rely on a Cayman Islands subsidiary to hold DOGE and derivative exposures. That structural difference may influence custody and regulatory treatment, but it hasn’t slowed the inflow of capital into DOGE positions.
Institutional accumulation: a core driver
Major buyers are piling into Dogecoin. CleanCore Solutions is continuing its accumulation program, coordinating with House of DOGE to target a multi-year stake that could ultimately represent around 5% of total DOGE supply. Bit Origin has also bought more than 70 million coins and is reportedly raising $500 million to fund additional purchases. This wave of institutional accumulation is a key factor supporting the price rally and increased liquidity across exchanges.
Technical outlook: breakout in sight
On the daily chart, Dogecoin has been in a pronounced uptrend in recent sessions and is trading at levels not seen since February. Price action is approaching the upper boundary of an ascending channel — a breakout above this trendline would confirm bullish momentum and could open the path toward a significant resistance zone.
Indicators backing the move
DOGE has cleared both the 50-day and 100-day exponential moving averages, while momentum indicators like the Relative Strength Index (RSI) and the Average Directional Index (ADX) are rising. A decisive move above the channel’s upper edge may target the key resistance near $0.4320 — roughly 52% above current levels — which was the January high.
Dogecoin price action remains a function of regulatory developments around ETFs, continued institutional buying, and technical breakout dynamics. Traders and investors will watch DOJE’s listing timeline, SEC decisions on additional spot DOGE ETFs, and on-chain accumulation metrics to gauge whether the current rally can sustain a march toward higher resistance levels.
Dogecoin price chart
Source: crypto
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