‘Huge Breakthrough,’ Peter Brandt Says as Dogecoin Reclaims $0.30 Ahead ETF Launch

Veteran trader Peter Brandt has given his take on the current Dogecoin rally, with the meme coin reclaiming the psychological $0.3 level. This rally comes ahead of the first DOGE ETF, which provides a bullish outlook for the meme coin.

Peter Brandt Comments On Dogecoin’s Rally

In an X post, the veteran trader described the Dogecoin rally as a “Huge breakthrough.” Brandt was referring to the meme coin’s reclaim of the $0.3 level, which represents a multi-month high for DOGE.

Based on Brandt’s comments, this development could spark a further rally to its 2025 high of around $0.41, which it reached at the start of the year. TradingView data shows that the Dogecoin price has rallied by 11% today, breaking above the $0.3 level in the process.

This rally comes ahead of the first DOGE ETF launch next week. As CoinGape reported, REX-Osprey will launch the ETF alongside other crypto ETFs under the 40 Act. The ETF launch was initially meant to happen this week. However, Bloomberg analysts Eric Balchunas and James Seyffart revealed that there was a delay and that the launch will now take place next week.

The REX-Osprey Dogecoin ETF will become the first fund to offer institutional investors exposure to the meme coin. Seyffart revealed that the fund will hold spot DOGE, although this won’t be the entirety of its holdings, which differentiates this fund from the conventional crypto ETFs under the 33 Act.

Analyst Predicts A Rally To $0.6

Crypto analyst Javon Marks has predicted that the DOGE price could rally to as high as $0.6533 following its reclaim of the $0.3 level. This came as he noted that the meme coin had crossed above the $0.3 levels with “major strength” and that there can still be a further rally on the horizon.

He revealed that the breakout target is $0.6533, meaning that Dogecoin can still record a rally of over 100% from its current price level. This will also bring the meme coin close to its current all-time high (ATH) of $0.73.

Meanwhile, crypto analyst Ali Martinez stated that DOGE is still in the buy zone despite the recent gains it has recorded. He further declared that the “bullish breakout will melt faces.”