In the crypto assets market, it is often not Bitcoin and Ethereum that spark the most discussion, but the highly watched "dog" — DOGE (Dogecoin). Recently, it has once again become the market focus, attracting the attention of many investors.

The first DOGE ETF in the United States has received regulatory approval. Although the listing time has been temporarily delayed, this news has still ignited market enthusiasm. The price of DOGE surged over 20% in just one week, demonstrating remarkable resilience. Meanwhile, positive signals have also emerged from the technical side: the classic double bottom pattern has broken through, and indicators such as the narrowing Bollinger Bands suggest a potentially upcoming big market movement. These factors have led the market to begin envisioning higher target price levels, with some even fantasizing that it could reach levels of $0.41 or $1.

So, what does this market driven by the approval of the ETF and favorable technical factors really mean? Can DOGE lead other meme tokens to once again stage an astonishing market performance?

According to reports, the REX-Osprey DOGE ETF (code: DOJE) has passed regulatory approval and was originally planned to start trading on the US stock market around September 18. Although the issuer suddenly announced a delay in the listing date, causing a brief sense of disappointment in the market, the price of DOGE did not fall as a result. On the contrary, it rose against the trend, with a 24-hour trading volume exceeding $4 billion and a market capitalization stabilizing at around $39 billion. The price once broke through the $0.26 mark, attracting more technical traders to enter the market, creating a certain degree of a short squeeze.

Market data shows that some exchanges' order books are tightening noticeably, and the options market's activity is increasing. These signs suggest that funds may have started to position themselves in advance. Many analysts believe this could indicate that a larger influx of funds is about to arrive.

However, we also need to stay alert: while DOGE is currently performing well, the Crypto Assets market has always been highly volatile, and investors should carefully assess the risks. The approval of the ETF is certainly good news, but its actual impact remains to be seen. Additionally, the uncertainty of the regulatory environment is also an important factor to consider.

Regardless, DOGE has once again successfully attracted the market's attention, highlighting the unique charm of meme tokens in the Crypto Assets ecosystem. Whether it can lead a new wave of meme coins or is just a flash in the pan, let us wait and see.