Dogecoin's price surged by nearly 6% to $0.261 as traders anticipated the first U.S. Dogecoin ETF's debut on September 12. This excitement was bolstered by significant whale accumulation of over 280 million DOGE leading up to the launch, contributing to trading volumes that exceeded 1.1 billion. Analysts are closely monitoring whether DOGE can sustain levels above $0.26 and challenge the $0.29 resistance zone. This ETF is anticipated to attract institutional interest, as it is the first exchange-traded product linked to a memecoin. Technical analysis indicates a bullish pennant breakout, with potential price targets ranging from $0.28 to $0.50 if positive momentum continues. Key observations include a support level at $0.260, with traders watching for potential volatility following the ETF launch and significant whale positioning.

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