Dogecoin price surged 5% to $0.25, driven by anticipation of an ETF approval by the SEC. The Dogecoin ETF filing by Rex Osprey is set to resume trading on Friday after a brief delay. Traders are positioning for the ETF launch, with open interest and futures trading volume on the rise.

Technical analysis shows Dogecoin completing a double-bottom pattern, with a target of $0.39. Momentum indicators support further upside, with RSI at 63.1. The coin is trading above its short-term moving averages, acting as support at $0.241 and $0.231. A breakout above $0.28 could push Dogecoin to $0.30-$0.32.

The imminent Dogecoin ETF has sparked interest in meme coins, with projects like Pepenode gaining traction. Failure to hold $0.24 support could lead to a retracement to $0.22. Traders are anticipating a potential rally in Dogecoin following the ETF launch.

Read more at Yahoo Finance: Dogecoin Leads Crypto Gainers as Bloomberg Analyst Confirm Rex-Osprey DOGE ETF Launch Date