DOGE (DOGE) price prediction: DOJE ETF listing is imminent, will DOGE surge to 10 dollars?

REX-Osprey DOGE ETF (DOJE) is about to be launched, bringing a new bullish catalyst for DOGE (Dogecoin). The launch of this unconventional ETF opens a door for Wall Street's investment in DOGE and may trigger more institutional capital inflow. This article will explore the potential impact of DOJE ETF on DOGE, the bullish signals in Technical Analysis, and whether DOGE can leverage this momentum to achieve a significant price breakthrough, even challenging the historic $10 mark.

DOJE ETF: DOGE Enters a New Milestone in Traditional Finance

The REX-Osprey DOGE ETF (DOJE) is set to begin trading this Thursday, adding new momentum to the bullish prediction for DOGE (DOGE). As the first investment product to provide regulated exposure to DOGE, it expands the meme coin's footprint from corporate balance sheets into the U.S. traditional financial (TradFi) market.

Although DOJE is not a traditional ETF that holds spot assets, but rather a product similar to a mutual fund that indirectly gains exposure through crypto derivatives via a Cayman Islands subsidiary, its listing has paved the way for other asset management companies. For example, companies like Grayscale, which are seeking directly physically-backed ETFs, are expected to gain approval in October. With the U.S. Securities and Exchange Commission (SEC) giving the green light, DOGE is expected to unlock institutional funds waiting for regulatory clarity. At the same time, the market generally expects the Federal Reserve to cut interest rates in the near future, which could create a favorable environment for a parabolic rise in DOGE.

Technical Analysis: Can DOGE Price Surge to 10 USD?

The combination of these bullish catalysts may provide the momentum needed for DOGE to achieve its two-month bullish triangular flag breakout. This bullish pattern suggests that the price of DOGE is likely to recover the bull market run from July, with the high of $0.26 in August now transforming into a potential support level.

Technical indicators also support bullish expectations. The RSI ( Relative Strength Index ) has pulled back from the overbought area of 70 to 60, which usually indicates the formation of a local peak. However, the MACD line has not yet resumed an upward trend, which may suggest that the adjustment is not yet over.

If DOGE can decisively bounce back from the key support level of $0.26, it will provide a launching pad for the next round of rise, with the potential for a 40% increase, completely breaking through to $0.38. With ETFs attracting new TradFi demand, this breakout could extend to $1, achieving potential returns of up to 270%. However, to reach the $10 milestone, more long-term adoption may be needed, including ETFs, corporate funding, and potential investments from 401(k) retirement plans, which would integrate DOGE more deeply into the US financial market.

TradFi focuses on DOGE, while speculators pay attention to new bullish strategies

Every bull market will see the emergence of tokens that soar due to community support, and tokens under the DOGE concept undoubtedly have the strongest viral propagation power. This cycle is clearly visible: in 2021, DOGE led the way, followed by Shiba Inu, Floki, Bonk, Dogwifhat, Neiro, and Dowge, among others. Each bull market will bring a new emerging leader with the "Doge" brand.

Conclusion

The listing of REX-Osprey DOJE ETF is undoubtedly an important step for DOGE to transition from a meme coin to a mainstream financial asset. Although this is just a beginning, it has opened a door for institutional funds to enter the DOGE market and may become a catalyst for significant price increases. As the boundaries between cryptocurrency and traditional finance become increasingly blurred, the future performance of DOGE will depend not only on its technology and community but also on the role it can play in a broader financial ecosystem.