Should You Buy Dogecoin Before the ETF Launch?

Dogecoin, Elon Musk's favorite cryptocurrency, was originally just a joke, has become bullish after news that the first memecoin exchange-traded fund (ETF) will launch on Thursday, September 11. On September 9, Bloomberg's ETF analyst, Eric Balchunas, confirmed that the first Dogecoin ETF, DOJE ETF, is expected to launch this Thursday, September 11, using a fast-tracked legal process known as the 1940 Act.

Dogecoin has shown signs of revival this week. The price has increased by about 7% in the last 24 hours, and trading volume has surged by more than 120% as traders entered positions early. DOGE Price Today DOGE is still 66% lower than the all-time high of $0.73 reached on May 8, 2021. At the time of publication, DOGE is trading at $0.2468. "The first Dogecoin ETF seems to be launching this week," ETF Store president Nate Geraci said in a post on X on Monday. "Get ready. I think we will have 2 wild months with crypto ETFs." ETF allows you to invest in assets like Dogecoin without needing to directly own the cryptocurrency, as it trades like a stock. Investors prefer ETFs because they are more accessible, offer better security, and do not require wallet management or keys. They are tightly regulated, familiar, and minimize the risks associated with self-custody of digital assets. So the real question is: Should you buy Dogecoin before its launch? Let's analyze it. Technical Analysis of DOGE Price: 0.24731 dollars (+2.34%)Overall signal: MUARSI: Neutral (not overbought)Moving average: Strong buyOscillator: Mostly neutralMomentum indicators: Turning bullish RSI measures the overbought (>70) or oversold (<30) condition of an asset. At a level of 62, DOGE is still below the overbought level, meaning there is still room for growth before hitting strong resistance. If RSI exceeds 70, caution is advised. Moving Average – 14 Buy Signals, 1 Neutral Signal These moving averages help identify the trend direction. DOGE is trading significantly above the important short-term and long-term moving averages (10, 20, 50, 100, 200 days), this is a strong bullish signal.

Oscillator – 3 Buy, 9 Neutral Oscillators like MACD, Momentum, and Awesome Oscillator detect trend reversals and changes in momentum.

This means that although the bullish momentum is ongoing, the market has not yet been oversold. What Does This Mean for DOGE Dogecoin is showing strong bullish technical signals ahead of the ETF launch on Thursday. The coin is not overbought, trading above all key moving averages, and momentum indicators are turning positive. The chart setup reflects the position ahead of the catalyst, as traders are buying in on rumors with expectations of a surge. If DOGE clearly surpasses the 0.25–0.26 dollar threshold, it could trigger a short-term bullish breakout, especially if the excitement around the ETF spreads. Dogecoin is still one of the most volatile cryptocurrencies today. Its price volatility is influenced more by rumors than by fundamental factors. The sentiment of "buy the rumor, sell the news" is real, and if the launch of the ETF does not meet expectations, a strong reversal is entirely possible. If Musk comments during or after the launch of the DOGE ETF, this could serve as a second catalyst and trigger another strong bullish rally. His influence on Dogecoin sentiment remains unmatched, often leading to immediate price surges.