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Dogecoin Climbs on REX‑Osprey ETF Filing as Breakout Test Draws Heavy Volume

Traders see a near‑term launch via a 1940 Act structure that proponents say avoids the slower 19b‑4 route.

Overview

  • DOGE is up roughly 7% to about $0.231, extending a weekend advance that outpaced major altcoins.
  • 24‑hour trading volume jumped to roughly $2.6 billion, more than doubling as investors positioned around ETF headlines.
  • REX Shares and Osprey Funds filed for a REX‑Osprey Dogecoin ETF under the Investment Company Act of 1940, with market commentators suggesting it could debut as soon as this week.
  • Price action is testing a breakout above roughly $0.23 from a long‑running symmetrical triangle, with technicians eyeing a potential target near $0.33 if a daily close confirms; a drop back below about $0.22 would flag a fakeout risk.
  • Prediction market odds on an approval are elevated near 94%, while some analysts note signals that could precede a short‑term pullback even as others project larger upside.