After months of sideways trading and sharp volatility, DOGE has once again captured investor attention. With whales accumulating, ETF speculation brewing, and technical indicators turning bullish, the next breakout could define Dogecoin’s trajectory into late 2025.
A recent Dogecoin price analysis reveals a tug-of-war between whales and retail traders. While smaller investors have been selling, large holders are quietly accumulating. Data from Glassnode and Santiment revealed that whales added nearly 200 million DOGE in recent weeks. Another surge in activity came mid-September, when whales scooped up an additional 890 million DOGE—worth around $231 million at the time.
Dogecoin (DOGE) must break $0.29 resistance to trigger a potential rally toward $0.32–$0.50. Source: Ali Martinez via X
This accumulation signals long-term confidence, as whale purchases during market dips often indicate expectations of a larger rally in the future.
Still, exchange inflows suggest that retail sellers remain in control for now. Between September 7 and 15, balances on trading platforms rose by nearly 5 billion DOGE—the highest monthly inflow this year. This wave of selling has limited short-term momentum, even as whale wallets absorb some of the pressure.
Another potential catalyst is the long-anticipated Dogecoin ETF. The launch, initially expected last week, has been delayed but is now expected to arrive within days. Analysts believe an ETF could bring a fresh wave of institutional demand. If approved, the ETF would provide mainstream investors an easy way to access Dogecoin, potentially giving the price the push needed to break above $0.29.
Wall Street eyes Dogecoin ahead of the first US ETF, with rising institutional accumulation and supportive infrastructure. Source: ZOOMIES via X
The ETF buzz has already influenced trading patterns. DOGE briefly corrected on news of the delay, but the absence of a major sell-off suggests that confidence remains intact.
Momentum indicators are hinting at a possible breakout. The Bollinger Band Width is expanding, signaling increased volatility, while the Relative Strength Index (RSI) recently showed a hidden bullish divergence on the 4-hour chart. This pattern often indicates that selling pressure is fading and an uptrend may resume.
The DOGE-BTC weekly RSI mirrors the last cycle’s accumulation phase, signaling a potential setup for a similar breakout. Source: Master Kenobi via X
Cycle analysis adds weight to the bullish case. Historically, once DOGE clears a resistance barrier, it tends to move in rapid bursts. Previous cycles saw rallies of 1,500% to 2,500% within just a few months. While there is no guarantee of repetition, many traders believe the current setup could mark the early stage of a broader Dogecoin rally.
For now, all eyes are on $0.29. If Dogecoin breaks this threshold, upside targets sit at $0.32, $0.36, and $0.42. On the downside, critical support levels lie at $0.25 and $0.21. A drop below $0.23 could invalidate the bullish outlook, while a bounce from these levels could strengthen the base for another attempt higher.
The question dominating Dogecoin news predictions is simple: Will Dogecoin hit $1? Analysts remain divided. Some argue that breaking $0.29 is only the first step toward a long-term climb, potentially pushing DOGE to $0.60–$0.70 by late 2025 or 2026. Others warn that sustained retail selling could keep the token stuck in its current range.
Dogecoin was trading at around $0.27, up 0.57% in the last 24 hours at press time. Source: Brave New Coin
Meanwhile, external factors such as ETF approval, broader crypto market trends, and whale accumulation will likely determine the pace of any rally.
For investors watching the future of Dogecoin, the $0.29 level has become the battleground. Whether DOGE can conquer it may decide if this meme coin’s next big surge—perhaps even toward $1—is finally within reach.
Also read: Bitcoin (BTC) Price Prediction: Bitcoin Eyes $210K as Fed Rate Cut Echoes 80% Rally History
