Probably the most popular meme coin, Dogecoin (Doge), is about to make a “first” trick again, in territory that no meme coin has reached before, since ETF Dogecoin seems to launch this week.
Behind this is Rex-OSPREY, which requested a Doge ETF under the Ticker Doje previously this year, and according to Nate Geraci, the approval now seems imminent with the next two months that become more important for cryptographic ETFs.
The new fund will keep Dogecoin directly while using derivatives as futures and swaps to manage the exhibition, with a mandate that requires that at least 80% of net assets remain linked to the meme coin.
At the same time, managers left space to take advantage of other cryptographic ETFs if necessary, a flexible structure that reflects the Bitcoin and Ethereum products, but still does not have precedents for Doge.
Dogecoin price (Doge) under microscope
On Crypto Twitter, the reaction was instantaneous. Unipcs, widely known as “Bonk Guy” after making his fortune in a long leverage bonk, said the moment and took out a price table that shows Dege building pressure under a line of descending trend.
The price has been $ 0.228 with a daily thrust of 6%, the RSI is around 55 and the wedge formation puts $ 0.25 and $ 0.30 as previous rupture lines, while $ 0.20 sits as the main support to see. The configuration looks like a textbook squeery just when ETF holders begin to circulate. The narrative in such situations is like the last piece of the puzzle.
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If the doje attracts strong entries such as Bitcoin or ETFS Ethereum is the main question, but the list itself indicates another step in changing cryptography towards conventional packaging. From a joke card to Wall Street style, Dogecoin’s path continues to surprise the market, and this week could mark his most unlikely imaginable milestone.
