Dogecoin Surges as Golden Cross Signals Bullish Momentum Amid ETF Buzz

Dogecoin (DOGE) has gained strong bullish momentum this week, fueled by a key technical signal and rising speculation around a potential U.S. Dogecoin ETF. On the four-hour chart, DOGE confirmed a golden cross — a bullish indicator that occurs when the short-term moving average climbs above the long-term moving average. This pattern often suggests an upcoming price rally, and Dogecoin’s market performance has aligned with the signal, jumping 24% over the past week.

The golden cross also invalidated the previous death cross that appeared in late August, which had led to a stretch of stagnant price action. Now, renewed optimism has returned, with traders closely watching DOGE’s movement as bullish sentiment strengthens.

Adding fuel to the rally is speculation surrounding the launch of the first U.S. Dogecoin ETF, known as DOJE. Earlier this month, the fund won approval under the Investment Company Act of 1940, a regulatory framework typically applied to mutual funds and diversified ETFs. While this marked a major step forward, Bloomberg analyst Eric Balchunas revealed in a recent post on X (formerly Twitter) that the DOJE ETF launch has been delayed once again. According to Balchunas, the fund might debut next week, with Thursday eyed as a possible launch date.

Despite the delay, the growing anticipation of a Dogecoin ETF has energized investor sentiment, complementing the bullish golden cross signal. With technicals aligning and institutional interest building, DOGE’s price outlook remains optimistic in the short term. Investors will be watching both the ETF decision and price charts closely, as Dogecoin positions itself for potential continued upside.