Well, it looks like Dogecoin is on the move again. In the last day, the price jumped nearly 6%, settling around $0.261. That’s not a massive surge by crypto standards, but it’s definitely got people talking. A lot of this seems tied to anticipation around the first U.S. Dogecoin ETF—ticker DOJE—which is set to start trading today, September 12th.
What’s Driving the Action?
It isn’t just retail excitement, either. Data shows that large holders—so-called “whales”—have scooped up more than 280 million DOGE in the days leading up to the listing. That kind of accumulation doesn’t usually happen without some conviction. Maybe they know something, or maybe they’re just betting on the ETF bringing in fresh interest. Either way, volume topped 1.1 billion, which is way above average.
The trading session itself was pretty active. DOGE moved within a range of about $0.019, hitting a low of $0.245 and pushing up to $0.264 at one point. The real momentum kicked in late, between 10 PM and midnight, when it broke through resistance around $0.253. There was a slight pullback in the last hour, but support held near $0.260. Seems like traders are watching that level closely.
Technical Picture
From a chart perspective, things look interesting. Analysts are pointing to a bullish pennant breakout on hourly timeframes. That often suggests more upside could be coming—maybe even toward $0.28 or beyond. Of course, these patterns don’t always play out, but with volume expanding and higher lows forming, it’s at least plausible.
Support seems firm around $0.245 to $0.246, and we saw buyers step in again near $0.260 during the late dip. Resistance, though—that’s another story. The token faced some selling around $0.264, and the next big test would be up toward $0.29. If it gets through that, who knows. Some are even talking about $0.50. But let’s not get ahead of ourselves.
What Comes Next?
A lot depends on how the ETF launch goes today. If institutional desks or bigger brokers start moving in, we could see more volatility. Options activity around the $0.30 strike could also come into play, adding to the momentum—or pressure.
The real question is whether DOGE can hold above $0.26. If it does, and if the ETF generates steady interest, this might not be just a one-day story. Then again, this is crypto. Things change fast.
For now, traders are watching, waiting. And maybe hoping that the Dogefather would approve.
