Dogecoin (DOGE) is holding steady today, September 10, having broken above a symmetrical triangle pattern and showing signs of bullish momentum.
Adding to the optimism are speculations about a potential DOGE exchange-traded fund (ETF), which is slated for launch on Thursday, September 11, according to Bloomberg Senior ETF analyst Eric Balchunas;
“Meme coin ETF era about to kick off it looks like with DOJE slated for a Thursday launch, albeit under the 40 Act a la $SSK. There’s a big group of ’33 Act-ers waiting for SEC approval still. Pretty sure this is first-ever US ETF to hold something that has no utility on purpose.”
On-chain metrics also point to growing optimism, as whales have accumulated about 280 million DOGE so far this week, underscoring rising confidence among large holders.
However, trading at around $0.24 at the time of writing, the meme coin faces immediate resistance at $0.29. A decisive close above that level, though, could fuel a substantial rally. Indeed, looking at the data, analyst Ali Martinez, also known as ali_charts, suggested that a break above $0.29 could lead to a $0.50 run.
Dogecoin $DOGE next move: break $0.29 and we could be looking at a run to $0.50. pic.twitter.com/sdqThyH6U4
— Ali (@ali_charts) September 10, 2025
Dogecoin ETFs coming: Will DOGE hit $0.50?
Martinez’s chart suggests that Dogecoin has been forming higher lows since mid-July, implying accumulation and potentially further momentum.
A break above $0.29, particularly with strong trading volume, could result in a sharp rally targeting a $0.31–$0.36 range at first but eventually closing in on $0.50.
However, if DOGE fails to surpass $0.29, it may retrace toward the $0.205 support, while a further drop below that level could push the price down toward $0.175.
As this week could mark the first step toward the meme coin’s mainstream adoption, short-term price movements are more than likely, while long-term growth speculation has never been more varied.
Indeed, some analysts now believe the $1 mark is within reach during this cycle, with even double-digit targets not entirely out of the question.
Featured image via Shutterstock
