While structured differently from Bitcoin and Ethereum’s spot products, the move is already being hailed as a milestone for bringing meme coins into mainstream finance.

Market Moves Ahead of the Launch

The anticipation is rippling across trading desks. Over the past week, on-chain trackers show that large holders have scooped up nearly 280 million DOGE, adding weight to the bullish case. Analysts suggest this quiet accumulation explains the steady trend of higher lows forming on Dogecoin’s chart since mid-summer.

At the time of writing, DOGE changes hands around $0.24. Investors are watching closely as the coin approaches $0.29 — a price level that has repeatedly capped rallies.

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Why $0.29 Matters

Breaking $0.29 could unlock a much larger move. Crypto analyst Ali Martinez believes a clean breakout with strong volume would set the stage for targets in the $0.31–$0.36 zone and possibly extend to $0.50. By contrast, rejection at resistance could see Dogecoin retrace toward $0.205, with deeper support near $0.175.

Long-Term Speculation Returns

Beyond the short-term battle at $0.29, the ETF debut has revived speculation about Dogecoin’s longer-term potential. Optimists see $1 as a realistic milestone within this cycle, while the most bullish voices argue that double-digit prices are not impossible if institutional inflows materialize.

What happens next may depend less on memes and more on whether Dogecoin’s first ETF can spark lasting demand from mainstream investors.

The information provided in this article is for educational purposes only and does not constitute financial, investment, or trading advice. Coindoo.com does not endorse or recommend any specific investment strategy or cryptocurrency. Always conduct your own research and consult with a licensed financial advisor before making any investment decisions.

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