The long-awaited Dogecoin ETF debut has been postponed again, causing disappointment in the crypto community.
Summary
- Rex-Osprey’s Dogecoin ETF launch is delayed again, now expected mid-next week.
- Community suggests the firm may be waiting for macroeconomic stability or a possible Fed rate cut before listing.
- Despite ETF delays, Dogecoin surged to $0.26, up 20% on the week, breaking a key resistance.
- MACD remains bullish; RSI near 67. Next resistance at $0.27 with upside potential to $0.30 if momentum holds.
Dogecoin’s long-anticipated ETF debut has hit another delay. The DOJE ETF, backed by Rex-Osprey, was initially expected to begin trading last Thursday, then rescheduled for Friday. However, Bloomberg ETF analyst Eric Balchunas confirmed in a recent tweet that the launch has now been pushed to mid-next week, possibly Thursday.
“Update Part 3: Another delay. Launching next week. Mid week. Prob Thur,” Balchunas posted on X. While the firm has not publicly disclosed a reason for the delay, speculation is rife in the crypto community. Some believe the company is waiting for a more favorable macroeconomic landscape. “Waiting for that FED cut I see! Game theory at work,” one user commented in response to the announcement.
The DOJE ETF has attracted widespread attention as it promises to mark a historic milestone, offering institutional investors exposure to a meme coin that, by design, has no intrinsic utility. If approved and successfully launched, the Dogecoin (DOGE) ETF would symbolize the continued blurring of lines between TradFi (traditional finance) and crypto, bringing meme coins further into mainstream finance.
Meanwhile, DOJE is not the only DOGE-related application in regulatory limbo. The U.S. Securities and Exchange Commission (SEC) recently postponed its decision on whether NYSE Arca can list the Bitwise Dogecoin ETF, citing the need for more time under Rule 19b-4 to complete its review. This pushback is part of a broader trend, as over 90 crypto ETF applications remain pending before the SEC.
DOGE price surges past $0.24 as bulls take charge
Despite the delay, Dogecoin has shown resilient price strength, breaking through key resistance levels. As of press time, DOGE is trading at $0.26, according to crypto.news data. It is up 3.6% in the last 24 hours and 20.3% over the past week.
Technically, Dogecoin is displaying a bullish structure, forming a series of higher highs and higher lows since clearing the $0.23 threshold. The breakout above $0.24, previously a tough resistance zone, has now flipped into a critical support level. Strong buying pressure accompanied this move, signaling sustained interest from traders.
On the momentum side, the MACD remains in bullish territory, although the MACD line is beginning to flatten slightly above the signal line, suggesting that momentum might be stabilizing. The Relative Strength Index (RSI) stands at 67.37, nearing overbought territory. While this does not suggest a reversal, traders may watch out for short-term exhaustion signals.
Looking ahead, $0.27 is the next near-term resistance. A decisive close above this level could open the path toward $0.285 or even $0.30. On the downside, immediate support rests at $0.24, with stronger demand likely to re-emerge near $0.23.
