Dogecoin (DOGE) has surged more than 15% in the past week, driven by bullish analyst predictions and growing excitement around the newly announced REX-Osprey Dogecoin ETF (DOJE). Bloomberg ETF analyst Eric Balchunas confirmed the launch, which bypasses the traditional 19b-4 process by utilizing the Investment Company Act of 1940—the same path used for their approved Solana + Staking ETF.
Popular crypto analyst Ali Martinez predicts DOGE could break the $0.29 resistance level amid massive whale demand, with a potential short-term run to $0.50 if trading volume supports it. Analyst WIZZ identifies $0.25–$0.26 as a critical zone; a breakout could propel DOGE to $0.40.
Data from Santiment shows whales are accumulating DOGE aggressively, with wallets holding 1–10 million DOGE increasing their supply by nearly 7%. Derivatives markets reflect bullish sentiment, with total futures open interest rising 3% to $4.29 billion in 24 hours. However, spot trading volume decreased by 40%, indicating caution ahead of Thursday’s CPI inflation data.
The odds of ETF approval are estimated at 93%, with experts like Nate Geraci suggesting the SEC may finalize new generic listing standards in October, potentially opening doors for over 90 altcoin ETF applications currently pending.