- A cup and handle reversal pattern drives the 7-month accumulation zone in Dogecoin price.
- Bloomberg analyst Eric Balchaunas unveiled that the potential launch of the Dogecoin ETF is postponed to next week.
- The DOGE price faces key resistances of $0.255 and $0.286 amid its ongoing recovery.
DOGE, the largest main cryptocurrency by market cap, jumps 2.53% during Wednesday’s U.S. market to trade at $0.238. While the buying pressure follows broader market recovery, the Dogecoin price faces an overhead selling pressure at $0.255 as the potential launch of the DOGE ETF gets postponed. Despite this halt, the market dynamics support the continuation of the bullish trend amid the formation of a key reversal pattern.
Dogecoin ETF (DOJE) Rescheduled for September 12 Launch
Dogecoin is poised to enter new territories in the traditional markets as it is planned to list the REX-Osprey DOGE ETF, which will be listed under the ticker DOJE. The launch originally scheduled for Thursday has been rescheduled for next week, according to the Bloomberg analyst Eric Balchaunas.
The product has its structure under the Investment Company Act of 1940, a route also employed by certain specialty exchange-traded funds. This framework can result in a different model of exposing the investor, unlike the case of spot Bitcoin and Ethereum ETFs that can be registered under the Securities Act of 1933. Another group of 33 Act filings remains in the review process of the SEC, indicating that additional crypto-related funds are in line to go through regulatory approval.
The given ETF is set to track the performance of Dogecoin by keeping the assets that most accurately reflect its performance in the market. It is documented that the net assets of the fund will be at least 80 percent invested in securities that give exposure to Dogecoin as the reference asset. The fund is registered in the U.S. and falls under investment products consisting of cryptocurrency.
Update Part 3: Another delay. Launching next week. Mid week. Prob Thur. https://t.co/Lzk2pCVo0E
— Eric Balchunas (@EricBalchunas) September 11, 2025
The imminent release of DOJE puts Dogecoin in a new segment of financial services because it is the first time a meme-based digital asset is being listed in ETF form on U.S. markets.
If approved, the Dogecoin ETF would attract substantial retail and institutional inflows. The memecoin would experience increased visibility and demand as investors could gain regulated exposure to DOGE.
Key Resistance Against Dogecoin Price Before a Major Rally
Since last week, the Dogecoin price has witnessed a notable upswing from $0.21 to $0.25, accounting for an 18.5% gain. Subsequently, the asset’s market cap bounced to $37.86 billion.
The rising Dogecoin price halted at $0.255 resistance following the delay of the Dogecoin ETF’s potential launch. The combination of overhead resistance and investor disappointment triggers a notable price rejection in the daily candle.
That said, the Oscillator Indicator Bollinger Band is still challenged on the upside, indicating that bias remains the dominant player in the asset. If DOJE starts trading tomorrow, the coin price could breach the $0.255 resistance and drive a 12.5% surge to hit $0.286 resistance.
However, the broader analysis of the daily chart shows the recent upswing assisted in the formation of a traditional reversal pattern called a cup and handle. As the name suggests, the chart setup displays a normal teacup formation, which psychologically reflects a major accumulation trend in price.
A bullish breakout from the pattern’s neckline resistance at $0.28 could signal the end of a 7-month accumulation and potential for a higher rally.
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