TLDR
- Dogecoin surged 11% to reclaim $0.30, a multi-month high, ahead of the first DOGE ETF launch
- Peter Brandt sees Dogecoin’s $0.30 level reclaim as a major breakthrough for the meme coin.
- The REX-Osprey Dogecoin ETF launches next week, offering institutional exposure to DOGE.
- Analyst Javon Marks predicts DOGE could reach $0.6533, over 100% higher from its current price.
Dogecoin has reclaimed the $0.30 price level for the first time in months. This move comes just days before the expected launch of the first Dogecoin exchange-traded fund (ETF). Veteran trader Peter Brandt has called the move a “huge breakthrough,” which has drawn more attention to the meme coin’s price action.
Dogecoin Reclaims $0.30, Gains Attention from Traders
Dogecoin surged past $0.30 in a strong move that added over 11% to its price in one day. This level has acted as a key resistance point since early 2025. The last time DOGE traded at this range was in January, when it briefly touched $0.41.
Veteran trader Peter Brandt posted on X, calling this move a “huge breakthrough.” His remark suggests that this breakout could lead to further gains. Brandt has followed Dogecoin closely over the years and often comments on major chart patterns.
TradingView data shows a steady uptrend in DOGE over the past week, with higher volumes and increased market activity. Analysts say this price rally is likely driven by expectations around the upcoming ETF, which is set to launch next week.
Dogecoin ETF to Launch Next Week
The REX-Osprey Dogecoin ETF is scheduled to go live next week. Bloomberg analysts Eric Balchunas and James Seyffart confirmed the delay in the fund’s launch, which was initially expected this week. Seyffart noted that the ETF will hold spot DOGE but not exclusively, which sets it apart from traditional ETFs filed under the 1933 Act.
The fund will be among several crypto ETFs launched under the Investment Company Act of 1940. This structure is commonly used for ETFs offering diversified crypto exposure. The DOGE ETF will offer institutional investors a new way to gain access to the asset without holding it directly.
Market watchers believe the fund’s launch could bring more volume and liquidity to Dogecoin trading. The ETF is expected to be available through traditional brokerage platforms, making DOGE more accessible to a broader investor base.
Analysts Set Higher Targets Following Breakout
Crypto analyst Javon Marks said the recent breakout could push DOGE toward $0.6533. According to his analysis, this level is the next major price target. Marks stated that Dogecoin moved above $0.30 with “major strength,” and further gains are possible if momentum continues.
At the time of writing, DOGE is trading around $0.31, which puts it roughly 100% below the projected target. A move toward $0.65 would bring it near its all-time high of $0.73, last reached in 2021.
Another analyst, Ali Martinez, mentioned that DOGE is still in what he referred to as a “buy zone” despite the recent rally. He noted that the pattern forming on the charts supports more upward movement. Martinez added that a “bullish breakout will melt faces,” showing his confidence in the trend’s strength.
Dogecoin’s price action, combined with ETF anticipation and positive sentiment from seasoned traders, has created a notable shift in the market. All eyes are now on the ETF launch next week and whether DOGE can continue its current trend.
