Key control
The launch of the ETF Dogecoin is confirmed, since the Doje Fund of Rex-OSPREY will debut on September 11. Could these catalysts really turn on the broader Memecoin rally of Q4?
Earl this week, Ambcrypto evaluated the potential of a dogcoin [DOGE] The ETF as a bomb intensified.
However, rumors have come to an end with the official launch of the ETF Rex-Osprey Doge, with a doje’s ticker symbol.
According to Bloomberg Etf analyst Eric Balchunas, Doje will debut on September 11. The background has no influence and marks the first US ETF.
Source: x
The launch of the ETF coincided with growing attention in digital asset treasures (DATS) aimed at Memecoins.
Can ETFs and dats feed a memes rally?
Santiment’s social feelings analysis revealed an increase in Fomo after the news of the Doje ETF launch. Meanwhile, more than 30 cryptographic ETF requests remain awaiting the approval of the United States Stock Exchange and Securities Commission (SEC).
Official Trump [TRUMP] and grocery penguins [PENGU]Among other ETF of Memecoin, they were in the lobby.
In addition to that, these ETFs of Memecoin rising could start a new era. Each hype has been received with a massive purchase in retail trade and institutions.
Speaking of institutions, the DATs in this sector were also becoming one thing.
Source: Santiment
For example, Cleancore Solutions added another 285 million duxt worth $ 68 million, with one billion Dux the view during the next month. That would give almost 5% of the total circulating supply.
Together, these suggested memecoins movements could be preparing for a year -year rally, echoing previous seasonal patterns.
Dux price is broken higher
Meanwhile, prices were breaking key diagonals, reinforcing the upward feeling that was heading to Q4.
According to Trader Tardigrade, the “King of Memecoins” made a new peak since its lowest maximum that was formed on July 27.
Source: Tardigrade Trader/X.
In fact, Ichimoku’s cloud readings in the daily table showed that the maintenance of prices on the base line and the cloud. The trend score was in 2, at the time of publication, pointing to a bullish bias on short, medium and long term horizons.
Massive short liquidations at risk
Coinglase data showed that approximately $ 45 million of Lege risk liquidation at $ 0.267.
Recent developments increased these possibilities, with the largest group of $ 0.25 with more than $ 1.50 million in volume.
Source: Canderlasss
On the other hand, the length of approximately 50x were sitting between $ 0.233 and $ 0.242. These cumulative orders of approximately $ 36 million were behind the recent races seen in Doge.
In summary, the exaggeration behind the ETF and the DAT positioned Doge as the leader for a Memecoin rally, with the fourth quarter only a few weeks away.
