Should you buy Dogecoin before Thursday’s ETF launch?

Elon Musk’s favourite cryptocurrency Dogecoin, which started as a joke, has been on a rally after the news of first memecoin exchange-traded fund (ETF) to go live as early as Sept.11, Thursday.

On Sep. 9, Bloomberg ETF analyst Eric Balchunas confirmed that the first-ever Dogecoin ETF, DOJE ETF is scheduled to launch this Thursday, September 11, using a regulatory fast-track known as the 1940 Act.

Dogecoin has already shown signs of life this week. The price is up around 7% in the last 24 hours, and trading volume has surged more than 120% as traders position themselves early.

More news

• Exclusive: Trump’s crypto project security advisor reveals major reason for 272 wallet blacklistings
• Hollywood is all set to chase the father of Bitcoin in 'Killing Satoshi'
• Analyst accuses S&P 500’s 'secret committee' for blocking MicroStrategy’s entry

DOGE price today

DOGE is still 66% low from its highs of $0.73, reached on May 8, 2021. At the time of publication, DOGE was trading at $0.2468.

“First dogecoin ETF appears likely to launch this week,” ETF Store president Nate Geraci said in an X post on Monday. “Get ready. I think we’re in for *wild* next 2 months for crypto ETFs.”

An ETF lets you invest in assets like Dogecoin without directly owning crypto, it trades like a stock. Investors prefer ETFs for easier access, better security, and no need to manage wallets or keys. They’re regulated, familiar, and reduce the risks tied to self-custody of digital assets.

So the real question is: Should you buy Dogecoin before the launch goes live? Let’s break it down.

DOGE technical analysis

• Price: $0.24731 (+2.34%)
• Overall Signal: BUY
• RSI: Neutral (not overbought yet)
• Moving Averages: Strong Buy
• Oscillators: Mostly Neutral
• Momentum indicators: Turning bullish

RSI measures whether an asset is overbought (>70) or oversold (<30). At 62, DOGE is still below the overbought level, meaning it has room to grow before hitting major resistance.

If RSI crosses 70, caution is needed.

Moving Averages – 14 buy signals, 1 Neutral

These averages help identify the trend direction. DOGE is trading well above key short-term and long-term moving averages (10, 20, 50, 100, 200 days), which is a strong bullish signal.

Dogecoin is trading above all major moving averages, flashing Buy signals across 10, 20, 50, and 200-day trends. (Image: TheStreet Roundtable) The chart reveals that Dogecoin is in a confirmed uptrend across all key timeframes.

3. Oscillators – 3 buy, 9 neutral

Oscillators like MACD, Momentum, and the Awesome Oscillator detect trend reversals and shifts in momentum.

MACD, Momentum, and Awesome Oscillator indicators confirm bullish momentum ahead of the DOGE ETF launch. (Image: TheStreet Roundtable) This means while the Momentum is building, but the market isn't oversold yet.

What this means for DOGE

Dogecoin is showing strong bullish technical signals ahead of the ETF launch on Thursday. It’s not overbought, trading above all key averages, and momentum indicators are shifting positive. The chart setup reflects pre-catalyst positioning, where traders are buying the rumor in anticipation of a spike.

If DOGE breaks past $0.25–$0.26 cleanly, it could trigger a short-term breakout rally, especially if ETF excitement spreads.

Dogecoin remains one of the most volatile crypto assets out there. Its price moves are driven more by narrative than fundamentals. “Buy the rumor, sell the news” syndrome is real, and if the ETF launch doesn’t meet expectations, sharp reversals are possible.

If Musk comments during or after the DOGE ETF launch, it could act as a second catalyst and trigger another sharp rally. His influence on Dogecoin sentiment remains unmatched, often leading to immediate price spikes.

Disclaimer: This article is for informational purposes only and does not constitute financial advice. Cryptocurrency trading is highly speculative and volatile. Always do your own research and consider consulting a licensed financial advisor before investing.

This story was originally reported by TheStreet on Sep 9, 2025, where it first appeared in the MARKETS section. Add TheStreet as a Preferred Source by clicking here.

View Comments