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In recent trading, Dogecoin has captured notable attention by witnessing a 7% gain over the past 24 hours, reaching above the $0.23 threshold. The daily trading volume of this popular memecoin surged by 148%, hitting $2.83 billion. On a weekly scale, Dogecoin appreciated over 10%, recovering from $0.205, making it a focal point of investor interest.

在最近的交易中，Dogecoin在过去24小时内见证了7％的增长，引起了人们的关注，高于0.23美元的门槛。这个受欢迎的Memecoin的每日交易量飙升了148％，达到28.3亿美元。 Dogecoin每周量表都赞赏超过10％，从0.205美元中恢复过来，使其成为投资者权益的重点。

Strong Prospects for Dogecoin ETF Approval

Dogecoin ETF批准的强大前景

Over the weekend, Dogecoin’s daily trading volume experienced a 125% increase. Market buzz suggests the potential approval of the Dogecoin ETF prepared by Rex-Osprey could occur this week. Analysts have adjusted their price targets for this memecoin to $1 and above, hinting at future possibilities.

在周末，Dogecoin的日常交易量增加了125％。市场嗡嗡声表明，雷克斯·苏格里（Rex-Osprey）准备的Dogecoin ETF的潜在批准可能会在本周发生。分析师已将此模因的价格目标调整为1美元及以上，暗示了未来的可能性。

Currently, Dogecoin is moving within an expanding wedge formation. On the long-term chart, the price is approaching the logarithmic trendline and is estimated to have an additional upward potential of up to 740% in the current cycle. If the trend holds, the next technical target is cited as $1.40.

目前，Dogecoin正在扩展的楔形层中移动。在长期图表上，价格正在接近对数趋势线，并且估计在当前周期中具有高达740％的上升潜力。如果趋势成立，下一个技术目标被认为为$ 1.40。

According to Polymarket data, the likelihood of approving a spot ETF for Dogecoin once soared to 94%. At the time of reporting, this probability was at 92%. Nate Geraci, President of NovaDius Wealth Management, remarked on his X account that the Rex-Osprey DOGE ETF could receive approval and commence operations this week.

根据Polymarket数据，批准Dogecoin的ETF的可能性曾经飙升至94％。在报告时，这种概率为92％。 Novadius Wealth Management总裁Nate Geraci在他的X帐户上表示，Rex-Osprey Doge ETF可以获得批准，并在本周开始运营。

Altcoin Surge Gains Strength

山寨币激增

Dogecoin’s rise has sparked movement in the altcoin market. Recently, altcoins like XRP, Solana (SOL), and Hyperliquid (HYPE) have experienced increases. One of the prominent factors includes the expectation of a 50-basis-point interest rate cut in the upcoming Fed meeting on September 17, even though the probability is only 10%.

Dogecoin的崛起激发了Altcoin市场的运动。最近，XRP，Solana（Sol）和Hyproliquid（Hype）之类的山寨币经历了增加。一个突出的因素之一包括在9月17日即将举行的美联储会议上降低50个基准点利率的期望，即使概率仅为10％。

The possibility of a shift in the Fed’s monetary policy has brought attention to capital inflow in the altcoin market. These developments are seen among the data suggesting that the long-anticipated altcoin season might be regaining strength.

美联储货币政策发生变化的可能性引起了山寨币市场中资本流入的关注。在数据中可以看到这些事态发展，表明长期以来的山寨币季节可能会恢复强度。

The post Dogecoin Surges Beyond Expectations, Gathering Market Momentum appeared first on COINTURK NEWS.

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