Dogecoin Price Jumps Ahead of DOJE ETF Debut, BNB Nears Crucial Level

Dogecoin Price Jumps Ahead of DOJE ETF Debut, BNB Nears Crucial Level

Dogecoin price is soaring as excitement builds around the upcoming launch of the REX-Osprey Dogecoin ETF, set to trade under the ticker DOJE. Scheduled for release this week, the ETF is fueling bullish momentum across the DOGE community and market.

In other crypto news, the Binance Coin price has broken past the $880 mark for the first time since August 26. Analysts believe the DeFi token might hit a new peak in the coming days. 

Dogecoin Price Soars Ahead Of REX Shares DOJE Launch

Last week, REX Shares, the company behind the popular Solana staking ETF, SSK, announced plans to launch the first Dogecoin ETF using a not-so-common approach called the 1940 Act structure. 

What makes this approach unique is that it sidesteps the usual 19b-4 process, which has been known for delays. Based on its effective prospectus, Bloomberg analyst Eric Balchunas believes the ETF could launch this week. 

Currently, the Dogecoin price has entered the green zone. Data from CoinMarketCap shows the value of DOGE has climbed by 5.4% on the 24H chart. There is also a 12.9% increase on the 7D timeframe, which shows that buying interest is rising. 

In the meantime, Chris predicts that the Dogecoin price is about to experience an increase as the daily RSI reverses the downward trend. The swing trader is of the opinion that DOGE might next target $0.35.

Bright noted in another tweet that the Dogecoin price is gearing up for a logarithmic uptrend similar to what it did last November. At the time, the memecoin soared to $0.47. Bright believes the Dogecoin price may rise to $1.40 this time around.

Binance Coin About To Set A New ATH

The Binance Coin price is currently trading 2.23% below its current all-time high of $899 reached last month. Data from CoinMarketCap shows the value of BNB has been trading between $825 and $880 since then, with the upper level acting as a strong resistance.

On Monday, bulls finally soared past the $880 mark, climbing to a daily peak of $884. Unfortunately, they could not sustain the uptrend as selling pressure pulled the Binance Coin price under. At the moment, the cryptocurrency trades at $874 with a 3.5% gain on the 7D chart. 

Nevertheless, technical analysis shows that Binance Coin is still in bullish territory. The RSI reading of 59.24 signals buyers have not given up and might push for a retest in the coming days. The Average Directional Index (14) is currently at 25, signifying a strong trend, meaning that BNB may experience a strong price movement.

Cipher2X, a top analyst, on X notes that Binance Coin is stuck between buying and selling pressure. He forecasts that a strong breakout above $880 could open the path to $1,000. On the other hand, high selling pressure could pull the DeFi token to $840.

Dogecoin and Binance Coin Prepare Eyes Uptrend

As anticipation builds for the DOGE ETF debut, Dogecoin’s rally may just be getting started. Combined with BNB’s push toward $1,000, both assets spark a bullish rally that could redefine momentum across the crypto market.