The meme-born cryptocurrency has surged more than 30% this month, defying the broader market’s seasonal weakness and lining up what could be its strongest performance of the year.
Over the past week, DOGE climbed double digits in a matter of days, extending its winning streak to five sessions – the longest run since last summer. That momentum has lifted the coin back toward levels not seen since July, when a sharp reversal wiped out more than a third of its value in less than two weeks.
September is shaping up very differently. With a 36% gain so far, it has already become Dogecoin’s best month since November 2024, when the token rocketed more than 160% in a matter of weeks. Traders are now watching closely to see if DOGE can reclaim the $0.30 threshold, a level that has repeatedly capped its rallies.
Fueling optimism is the imminent arrival of the first U.S. Dogecoin ETF, set to launch in the coming week. The fund, backed by REX Shares and Osprey Funds, isn’t structured like traditional spot ETFs but still marks a milestone for institutional access to the coin. Market watchers see the launch as a potential catalyst for DOGE to establish firmer ground above key resistance levels.
While the SEC has delayed its decision on Bitwise’s spot Dogecoin ETF—a standard step in the regulatory process—anticipation around the REX-Osprey product has already added energy to the market. With veteran analysts like Brandt pointing to the breakout and institutional products finally opening the door to mainstream investors, Dogecoin’s comeback could be just beginning.
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