Analyst predicts when Dogecoin could hit $0.50
Dogecoin (DOGE) is holding steady today, September 10, having broken above a symmetrical triangle pattern and showing signs of bullish momentum. Adding to the optimism are speculations about a potential DOGE exchange-traded fund (ETF), which is slated for launch on Thursday, September 11, according to Bloomberg Senior ETF analyst Eric Balchunas; “Meme coin ETF era about to kick off it looks like with DOJE slated for a Thursday launch, albeit under the 40 Act a la $SSK. There’s a big group of ’33 Act-ers waiting for SEC approval still. Pretty sure this is first-ever US ETF to hold something that has no utility on purpose.” On-chain metrics also point to growing optimism, as whales have accumulated about 280 million DOGE so far this week, underscoring rising confidence among large holders. However, trading at around $0.24 at the time of writing, the meme coin faces immediate resistance at $0.29. A decisive close above that level, though, could fuel a su...