Dogecoin rallied sharply during the September 9–10 session, reclaiming the $0.24–$0.25 range with volume surging above 1.5 billion tokens. The move comes as REX-Osprey prepares to debut the first U.S. Dogecoin ETF on September 11 under the ticker “DOJE.” Technical traders flagged a bullish pennant breakout pattern, while large-scale whale accumulation added to growing confidence that institutional demand is building around the launch.News Background• REX-Osprey DOGE ETF is scheduled to begin trading September 11, making it the first U.S. exchange-traded fund tracking a memecoin with no declared utility.• Whale addresses accumulated roughly 280 million DOGE in the past week, indicating strong institutional-sized flows.• Technical analysts highlight a pennant breakout with upside targets of $0.28–$0.30 if the $0.25 level is held.• ETF speculation has driven retail and social media enthusiasm, with DOGE trending heavily on prediction markets and derivatives desks.Price Action Summary• DOGE advanced 4% during the September 9 13:00–September 10 12:00 session, moving from $0.236 to a peak of $0.245.• Early decline saw DOGE drop from $0.247 to $0.236 by 14:00, backed by massive 1.55B volume that set a strong floor.• Price consolidated within $0.238–$0.242 through most of the day, suggesting strategic accumulation.• Final hour breakout lifted DOGE from $0.240 to $0.245, underpinned by 114.7M volume at the peak.• Session closed at $0.244, just shy of resistance, confirming bullish momentum into ETF launch week.Technical Analysis• Support: $0.236–$0.238 range validated by repeated high-volume rebounds.• Resistance: $0.245–$0.247 remains the key ceiling; break above could target $0.28.• Volume: Session highs of 1.55B and late-hour 114.7M significantly exceeded 24-hour average of 334M.• Structure: Pennant breakout confirmed by higher lows and accelerating final-hour volumes.• Indicators: RSI hovering mid-60s suggests room for further upside before overbought conditions emerge.What Traders Are Watching• Whether DOGE can sustain closes above $0.245 and set up a push toward $0.28.• ETF launch on September 11, expected to be a structural liquidity event for DOGE.• Whale accumulation trends — continued inflows would validate institutional conviction.• Derivatives positioning as ETF hype builds, with potential for heightened volatility around launch.• Broader crypto market sentiment tied to Federal Reserve policy decisions later in the month.