Dogecoin ETF Debut Postponed Again

The long-awaited Dogecoin ETF debut has been postponed again, causing disappointment in the crypto community. 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.

Another Delay

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.

Speculation 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.

Blurring Lines between TradFi and Crypto

If approved and successfully launched, the Dogecoin ETF would symbolize the continued blurring of lines between TradFi (traditional finance) and crypto, bringing meme coins further into mainstream finance. The image above shows Dogecoin ETF stalls as price breaks key level of $0.24.

Regulatory Limbo

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

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 bitpulse data. It is up 3.6% in the last 24 hours and 20.3% over the past week.

Technical Analysis

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.

Momentum and RSI

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

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.