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Why Dogecoin Is Moving Higher Today
Dogecoin has continued to gain ground on expectations that an ETF built around the token could launch this week.
Rex Shares and Osprey Funds have submitted a prospectus to the SEC, requesting approval of a Dogecoin ETF under a different legislative framework.
The launch of Dogecoin ETFs could create meaningful positive catalysts for the token.
Dogecoin (CRYPTO: DOGE) is posting another round of strong gains in Tuesday's trading. The crypto token was up 1% at 2:30 p.m. ET. At the same time, Bitcoin and Ethereum were both down roughly 1%.
Dogecoin has continued to climb on expectations that the Securities and Exchange Commission (SEC) could be poised to approve a Dogecoin exchange traded fund (ETF). The cryptocurrency is now up 13.9% over the last seven days of trading — a performance that makes it the biggest gainer of any top-10-market-cap token across that stretch.
DOGE Price News: Flashes Bullish Signal as RSI Holds Neutral and Volume Surges
Dogecoin staged sharp price swings during the September 5–6 trading window, rising nearly 1% as volume jumped 29% above weekly averages. A midday selloff to $0.213 was quickly absorbed by buyers, underscoring institutional support and ETF-driven speculation. Traders now view $0.22 as the key breakout threshold that could define near-term momentum.
• Dogecoin reached a local high of $0.2157, its strongest level in weeks, with trading volume 29.19% above weekly benchmarks.• Reports surfaced of a $200 million Dogecoin treasury initiative, led by Elon Musk’s legal counsel, boosting institutional credibility.• REX Shares and Osprey Funds reportedly filed the first U.S. Dogecoin ETF applications, with decisions expected in October.• Futures activity surged 119% in August, reflecting heightened institutional positioning around meme-based digital assets.
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Dogecoin's $4.20 Dream: Could History Repeat for a Third Time?
Usman has been in the blockchain space for 9 years and written dozens of articles about crypto in his career. He wants to put crypto on the global map.
Dogecoin's decade-long pattern suggests another explosive rally might be brewing, with analysts eyeing the meme coin's potential run toward $4.20 if current cycles hold true.
Dogecoin isn't just riding on memes anymore – it's riding on math. For over ten years, DOGE has been following a surprisingly consistent cyclical pattern that has crypto analysts taking notice.
According to Tesla Model Ðoge's analysis, we might be sitting on the edge of another massive rally, one that could potentially push the beloved meme coin toward the community's holy grail of $4.20.
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