Dogecoin price has climbed nearly 40% over the past seven days, reaching around $0.296 as of Saturday. The rally comes as traders anticipate the launch of a Dogecoin ETF.
The meme coin’s recent performance has beaten the broader cryptocurrency market, which gained approximately 8% during the same timeframe. Trading activity has increased across both spot and derivatives markets.
Bloomberg ETF analyst Eric Balchunas announced another delay for the Dogecoin ETF launch. The product was originally scheduled to debut on September 12 but has been pushed back by one week.
Update Part 3: Another delay. Launching next week. Mid week. Prob Thur. https://t.co/Lzk2pCVo0E
— Eric Balchunas (@EricBalchunas) September 11, 2025
Some market observers speculate the delay relates to timing around the Federal Reserve’s next announcement regarding potential interest rate cuts. The revised launch date is expected to fall on Thursday of next week.
Weekly chart analysis shows Dogecoin breaking out of a multimonth symmetrical triangle formation. This pattern typically signals bullish continuation when accompanied by strong volume.
Trading volumes more than tripled during the breakout, indicating strong upside momentum behind the price move. The volume surge provides technical confirmation of the pattern.
Based on the triangle’s maximum height, the breakout target sits around $0.60. This represents approximately 95% upside potential from current price levels by October.
Some technical analysts have set slightly lower targets around $0.45. This level aligns with the upper trendline of a broader multiyear triangle pattern on longer timeframes.
The relative strength index sits below its overbought threshold of 70, suggesting room for further upside movement. However, bulls need to maintain support above the 50-week exponential moving average near $0.227.
Dogecoin’s MVRV Z-Score currently reads 1.35, a level that historically precedes major rallies. The metric measures whether the token is overpriced or underpriced relative to holder cost basis.
A reading of 1.35 indicates most holders are not sitting on extreme unrealized profits. This leaves room for price appreciation before overbought conditions develop.
In November 2021, the Z-Score surged above 20 when Dogecoin reached its peak of $0.70. The current modest reading suggests the market has not entered overheated territory.
Spot market flows turned positive this week for the first time since mid-August. DOGE recorded $36 million in net positive flows over the past 24 hours, the highest daily inflows since January 17.
Derivatives activity has been particularly strong during the rally. Open interest jumped from $3.31 billion at the start of the week to $4.6 billion in recent trading.
Short liquidations totaled approximately $12 million in the last 24 hours, compared to only $1.51 million in long liquidations. This indicates some investors were caught off guard by the upward price movement.
Large order book data shows whales taking some profits but in relatively small amounts. The profit-taking has not been substantial enough to trigger a major pullback.
Perpetual futures positions remain net positive by about $249 million on Binance and $192 million on OKX. This suggests institutional traders maintain bullish exposure to Dogecoin’s current rally.
The post Dogecoin (DOGE) Price: ETF Launch Delayed as Token Gains 40% Weekly appeared first on CoinCentral.
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