Dogecoin price dips 16% as Rex-Osprey ETF launch looms
Dogecoin price slipped 16% from its recent $0.31 peak, but strong support near $0.25 is keeping the bullish breakout intact as markets await the REX-Osprey Dogecoin ETF debut.
- Despite the pullback, Dogecoin price remains above the breakout zone, favoring continuation toward $0.30–$0.31.
- The upcoming launch of the REX-Osprey Dogecoin ETF, the first U.S. memecoin fund under the Investment Company Act of 1940, could expand DOGE’s reach to institutional investors.
- CleanCore Solutions has amassed over 500M DOGE in its push to build a 1B token treasury, signaling growing adoption and confidence in DOGE’s long-term role in payments and tokenization.
Dogecoin (DOGE) price has recently staged a powerful breakout from an ascending triangle pattern with the horizontal resistance around $0.24–0.25 — aligned with the 0.382 Fib retracement. The price was consolidating within the structure since early August, where it found bottom after the late July rally to $0.29. The breakout unfolded with strong momentum and volume, propelling Dogecoin price past the previous rally’s top and driving it to a peak of $0.31.
With RSI crossing into overbought territory, the pullback was expected as Dogecoin price retraced 16% from the peak to $0.26 at press time. However, DOGE is holding above the breakout zone and above the 0.382 Fib ($0.24925), suggesting the breakout is still intact.
As long as Dogecoin price remains above this support cluster, the bullish structure favors continuation toward the $0.30–$0.31 zone on renewed momentum. A decisive move above that resistance could open the door for a run toward the $0.34–$0.36 range, while failure to hold $0.25 would risk a deeper correction toward $0.23.
What’s driving Dogecoin price?
With the REX-Osprey Dogecoin ETF gearing up for launch this Thursday, alongside bullish technicals, DOGE’s rally is likely to continue, and the $0.25–$0.26 zone appears to be an attractive entry once the pullback completes. The ETF, approved under the Investment Company Act of 1940, will mark the first U.S. exchange-traded fund tied to a memecoin, a milestone that could expand Dogecoin’s accessibility to institutional and retail investors alike.
Additionally, Dogecoin’s rally is buoyed by CleanCore Solutions’ aggressive accumulation drive, with the firm now holding over 500 million DOGE as part of its plan to amass 1 billion tokens within 30 days. This treasury strategy, executed in partnership with the Dogecoin Foundation, signals growing corporate confidence in DOGE as both a reserve asset and a vehicle for real-world utility in payments and tokenization.
