Price Analysis
  • Shrishesh Tanksalkar
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    Shrishesh is a versatile writer with 2+ years of experience in cryptocurrencies. An engineer turned storyteller, this selective introvert is a wannabe biker on weekends.

    • 2 minutes read

    Dogecoin Price Eyes Breakout as ETF Launch Speculation Heats Up

    Story Highlights
    • DOGE whale wallets accumulate 10.91B coins, mirroring 2021 peaks

    • Whale transactions spiked to 118 in a single day as the price hit a local top

    • $DOJE ETF launch speculation drives strong price action

    Dogecoin is the talk of the town, with traders speculating on the upcoming launch of the Rex-Osprey DOGE ETF ($DOJE). If approved, this would be the first Dogecoin ETF in the U.S., offering investors a way to gain exposure to DOGE without actually holding possession of the token. The hype surrounding $DOJE is lifting both sentiment and trading activity, although the move has been choppy as whales continue to capitalize on crowd-driven volatility.

    Dogecoin On-Chain Analysis

    Whale behavior has played a prime role in recent DOGE price swings. On August 15, the first wave of ETF rumors triggered a rush of retail buying, but whales sold heavily into the news, leading to a local top. A report on Santiment shows that wallets holding 1M–10M DOGE now control 10.91B tokens, representing 7.23% of the supply. Now, this is their highest level since December 2021.

    Doge token count 9-9-25

    At the same time, whale transaction activity spiked again this week. With 118 transfers above $1M in a single day, the highest in nearly a month. Notably, this surge came right as DOGE hit its latest short-term price top.

    DOGE Whale Count 9-9-25

    Successively, the social sentiment has mirrored this cycle of hype and cooling. The August 15 ETF buzz created a sharp spike in Dogecoin mentions. Then only to be followed by a retracement as the “buy the rumor, sell the news” dynamic came into play. Now, with September’s renewed ETF approval speculation, mentions have shot up again, though FOMO-driven spikes are starting to lose steam.

    DOGE Price Analysis

    At press time, DOGE is being sold across exchanges at a 4.11% intraday premium for $0.2414. Market cap stands at $36.41 billion, with $3.75 billion in 24-hour volume. Price action shows DOGE reclaiming its 30-day SMA at $0.22365 and breaking above the $0.237 Fibonacci pivot. The MACD histogram has also turned positive for the first time since late August, hinting at bullish momentum.

    DOGE Price Analysis 9-9-25

    Talking about targets, the resistance for Dogecoin price sits at $0.243, followed by $0.260. Support rests at $0.237 and $0.225. On the RSI front, the 14-day reading at 71.45 suggests overheating.

    The ETF speculation is clearly driving this surge. Analysts estimate a 63% chance of approval for $DOJE following its September 7 SEC review. If approval is seen, institutional exposure could pour into DOGE through traditional channels, boosting liquidity and price momentum.

    FAQs

    What is the Rex-Osprey DOGE ETF ($DOJE)?

    It’s a proposed U.S.-listed ETF that would let investors gain exposure to Dogecoin price movements without holding the token itself.

    Why are whales important for DOGE price action?

    Whales often front-run retail sentiment. Their accumulation at lows and profit-taking at highs strongly influence Dogecoin’s short-term swings.

    What are the key price levels to watch for Dogecoin?

    Immediate resistance is at $0.243 and $0.260. Key support lies at $0.237 and $0.225, with $0.210 as a deeper fallback level.

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