Dogecoin Hits Multi-Month High, Veteran Trader Says It’s A Critical Progress

According to veteran trader Peter Brandt, Dogecoin’s price has pushed back above the $0.3 mark, a level that traders watched closely this week.

TradingView data shows an 11% rise in a session that sent the coin to a multi-month high, and the move has drawn fresh attention ahead of the first spot DOGE ETF. Volume is high and many eyes are now on how long buyers can hold gains.

Based on reports, the rebound came even after the planned ETF launch was delayed. Bloomberg analysts Eric Balchunas and James Seyffart said the REX-Osprey fund has been pushed to next week and will hold spot DOGE among other assets.

That structure could allow some institutional money to get exposure without direct custody of all holdings themselves.

Huge breakthrough for $DOGE pic.twitter.com/gpK71OSjNH

— Peter Brandt (@PeterLBrandt) September 13, 2025

Crypto analysts have offered a range of upside scenarios. Javon Marks put a breakout target at $0.6533, which would be more than 100% above current prices and sit below the all-time high of $0.73.

Shorter-term levels mentioned by traders include resistance near $0.26 and a next target around $0.45. Price action shows five green sessions out of the last six and a tight range forming between the 200-day EMA and that resistance zone, signs that buying pressure has increased in the near term.

Update Part 3: Another delay. Launching next week. Mid week. Prob Thur. https://t.co/Lzk2pCVo0E

— Eric Balchunas (@EricBalchunas) September 11, 2025

Reports have highlighted strong whale buys at current levels. The token briefly rose to about $0.2840, its highest reading since July 21, and 24-hour volume has climbed above $5 billion.

The monthly RSI recently posted a positive crossover, a technical hint some traders call bullish. Still, many warn that a firm monthly close will be needed to confirm a longer trend change and that quick swings remain possible.

A clean move above $0.26 is being watched as a confirmation point by several traders. If that level gives way, momentum could carry prices to $0.45 and then to $0.80 under a sustained buying wave.

The ETF timing matters: calendar shifts like the recent delay can nudge sentiment, but the rally has continued even without the fund listing, suggesting other buyers are already positioning ahead of any formal launch.

Dogecoin’s reclaim of $0.3 marks a clear shift from recent weakness and signals renewed upside potential if buyers hold key supports.

Reports of whale accumulation, a surge in 24-hour volume above $5 billion, and technical moves such as the monthly RSI crossover all add to a bullish case, while the delayed REX-Osprey ETF launch keeps some uncertainty in play.

Peter Brandt called the move a “huge breakthrough”, a phrase that captures why traders are watching the monthly close and whether the coin can press toward targets like $0.6533 and levels near its $0.73 ATH.

Featured image from Pixabay, chart from TradingView