Doge

Dogecoin Breaks Key Resistance – Is a Double-Digit Rally Next?

TL;DR Dogecoin bounces off $0.22 support, holding $0.23 as buyers push toward the next resistance zones. Bullish pennant breakout on the 2-hour chart suggests a near-term target of around $0.275. REX-Osprey DOGE ETF launch adds fuel to DOGE rally, attracting retail and institutional interest. DOGE Pushes Higher After Holding Key Level Dogecoin has gained attention…

TL;DR

Dogecoin bounces off $0.22 support, holding $0.23 as buyers push toward the next resistance zones.
Bullish pennant breakout on the 2-hour chart suggests a near-term target of around $0.275.
REX-Osprey DOGE ETF launch adds fuel to DOGE rally, attracting retail and institutional interest.

DOGE Pushes Higher After Holding Key Level

Dogecoin has gained attention after holding above the $0.23 mark. The asset had recently bounced from the $0.21 to $0.22 zone, an area that provided support earlier this month. Since then, the market has shown signs of strength, with buyers stepping in and helping the price push higher.

As of press time, Dogecoin was trading around $0.24. The 24-hour trading volume stands at over $3.39 billion. The price is slightly lower compared to the previous day, but it remains up by more than 11% over the past week. The $0.23 level, which was once resistance, now appears to be holding as support.

Dogecoin (DOGE) price chart — Source: BitGuru/X

Interestingly, technical setups across lower timeframes are showing a bullish outlook. On the 4-hour chart, Dogecoin is trading just under the $0.24 level. This zone had previously seen rejection, but the current consolidation suggests the market is preparing for its next move. If momentum continues, a push toward $0.25 could follow.

A 2-hour chart shared by Trader Tardigrade shows a breakout from a bullish pennant pattern. This pattern formed after a sharp rally from $0.21 to $0.24. The breakout has set a near-term price target of $0.275.

“Dogecoin is breaking out of a LTF Bullish Pennant, targeting $0.275,” said Trader Tardigrade.

If the price holds above $0.24, this target may remain in play over the short term.

$Doge/2-hour#Dogecoin is breaking out of a LTF Bullish Pennant, targeting $0.275 https://t.co/rKLCU1NLFE pic.twitter.com/UT0ioD3WXk

— Trader Tardigrade (@TATrader_Alan) September 10, 2025

DOGE ETF Launch Draws Investor Attention

The recent announcement of the REX-Osprey DOGE ETF has added to the interest in Dogecoin. The ETF, set to launch on September 11, will use the ticker “DOJE” and will be the first in the U.S. to track an asset with no declared utility.

Bloomberg ETF Analyst Eric Balchunas confirmed that the ETF will launch without leverage. It enters the market at a time when more than 30 other crypto ETF applications remain under review by U.S. regulators.

Santiment data has shown a sharp rise in social mentions around Dogecoin following the ETF news. The launch has fueled discussions among retail and institutional participants, especially those watching the memecoin space.

Dogecoin (DOGE) social dominance — Source: Santiment/X

Traders Eye Resistance Levels at $0.25 and $0.29

The next area of focus for the market is $0.25. A move above this level could open the door for further gains. Chart watchers are also looking at $0.29 as a longer-range resistance point.

Crypto analyst Ali Martinez noted,

“Dogecoin next move: break $0.29 and we could be looking at a run to $0.50.”

While that level is not in immediate reach, the short-term structure remains bullish as long as the price stays above $0.23.

DOGE will need to maintain its current range to support further buying in the days ahead. The coming sessions will show whether momentum continues or if price returns to earlier support levels.

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1,000,000,000 DOGE in 7 Days: Could Dogecoin’s Bear Market Be Starting?

Here’s why DOGE may experience an additional 30% price crash. The biggest meme coin is among the worst-affected cryptocurrencies from the broader market correction, with its price crashing by 17% over the past week. The recent whale sell-off could have also negatively impacted Dogecoin. Selling en Masse The renowned analyst, using the X handle Ali…

Here’s why DOGE may experience an additional 30% price crash.

The biggest meme coin is among the worst-affected cryptocurrencies from the broader market correction, with its price crashing by 17% over the past week.

The recent whale sell-off could have also negatively impacted Dogecoin.

Selling en Masse

The renowned analyst, using the X handle Ali Martinez, revealed that large Dogecoin investors have dumped more than one billion tokens in the last week alone. The stash equals approximately $165 million (calculated at current rates). Following that move, this cohort of investors now holds less than 23 billion DOGE, representing around 15% of the asset’s circulating supply.

Efforts of that type are generally seen as bearish since they increase the amount of coins on the market, and that could be followed by a price pullback (assuming demand doesn’t react accordingly). The massive sell-off may also spread panic across the community and prompt smaller players to cash out, too.

Shortly after, Martinez touched upon Dogecoin again. He said the OG meme coin has been trading within a rising channel since March, but recently broke below the bottom of that structure at $0.18. This means that DOGE has lost support and could be headed for a more violent crash, potentially dropping as low as $0.11.

The Bullish Scenario

Despite the downtrend, some market observers remain optimistic that not all is lost for Dogecoin for this cycle. X user Chandler reminded that November has been a strong month for the meme coin in recent years, predicting that history might repeat itself.

Elon Musk also infused some positivism. The world’s wealthiest man (who happens to be a firm proponent of DOGE) said in 2021 that SpaceX “is going to put a literal Dogecoin on the literal Moon.” Several hours ago, he referred to that tweet, stating, “It’s time,” but also placed a laughing emoji at the end.

Doge

Dogecoin Dips Under Key Support – Yet a Breakout Pattern Is Forming

Dogecoin drops 14% in a week amid whale selling and weak momentum, but analysts spot a wedge pattern that previously led to a breakout. Dogecoin has come under pressure, falling more than 6% in the past 24 hours and over 14% in the last week. As of press time, it is trading near $0.174. The…

Dogecoin drops 14% in a week amid whale selling and weak momentum, but analysts spot a wedge pattern that previously led to a breakout.

Dogecoin has come under pressure, falling more than 6% in the past 24 hours and over 14% in the last week.

As of press time, it is trading near $0.174. The drop is part of a broader market pullback.

Technical Setup Shows Familiar Pattern

Trader Tardigrade, a crypto chart analyst, has pointed out a recurring formation on Dogecoin’s daily chart. The pattern is known as a descending contracting wedge. It is taking shape with three clear touches on the lower support line and two touches on the upper resistance line. This same setup appeared on the chart in August and led to a sharp move upward after the breakout.

DOGE price chart — Source: Trader Tardigrade/X

The current wedge, formed between October and early November, closely matches the earlier pattern. A breakout from the resistance line has already occurred, marked by a green circle on the chart shared by Tardigrade. If the past price movement repeats, Dogecoin could see a short-term rise toward the $0.26 to $0.28 range. The structure alone, however, does not confirm direction. It will depend on volume and trader participation.

In addition to the daily chart, Tardigrade also shared a broader monthly view. Dogecoin appears to be forming a long-term rounding bottom pattern. Based on the chart’s depth, this setup could project a move toward $4.14. This structure reflects price behavior over a much more extended period and does not suggest any immediate shift.

Moreover, another key formation can be seen on the 3-day chart, where Dogecoin is trading inside a wide ascending channel. The asset is now near the bottom of that channel, which has previously acted as support.

$Doge/3-day#Dogecoin has been moving within a large Ascending Channel.

It’s currently positioned at the bottom of the channel 👀 pic.twitter.com/lkSB3ChbLd

— Trader Tardigrade (@TATrader_Alan) November 3, 2025

Indicators Reflect Weak Momentum

The Relative Strength Index (RSI) on the daily chart is now at 35. While not yet oversold, it is approaching levels that may cause short-term price stabilization or a bounce.

Meanwhile, Bollinger Bands show the price moving below the lower band, suggesting increased downside volatility or selling exhaustion. The 20-day moving average currently stands at $0.19185, which Dogecoin is trading well below.

: Source: TradingView

Crypto analyst Ali Martinez stated that $0.18 is a key support level. He referred to it as a “strong buy-the-dip zone” if the price holds. Since the asset is now under this level, its strength will be tested.

Whale Activity and Futures Market Show Cooling Interest

Wallets holding 10–100 million DOGE sold 440 million tokens over three days last week. This large-scale selling added to the recent price pressure and may have led smaller investors to follow.

Open interest in Dogecoin futures currently stands at $1.67 billion. This is far below its previous peak of over $6 billion. Lower open interest often reflects reduced trading activity and less leverage in the market. With both price and open interest moving lower, there is little sign of strong directional momentum for now.

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Is Dogecoin (DOGE) in Buy-the-Dip Territory?

DOGE has remained sideways daily, but it’s down by almost 30% monthly. Following a bloody October, which failed to meet expectations for another bullish month, the OG meme coin is looking for a rebound in November, and one popular analyst believes there’s a lot of room for growth if the asset maintains above a particular…

DOGE has remained sideways daily, but it’s down by almost 30% monthly.

Following a bloody October, which failed to meet expectations for another bullish month, the OG meme coin is looking for a rebound in November, and one popular analyst believes there’s a lot of room for growth if the asset maintains above a particular area.

However, there are some warning signs on the DOGE horizon, such as whales disposing of large quantities of the asset.

$0.18 looks like a strong buy-the-dip zone for Dogecoin $DOGE before a potential run toward $0.26 or $0.33. pic.twitter.com/LltHHiRFMR

— Ali (@ali_charts) November 1, 2025

Ali Martinez has repeatedly outlined the significance of the $0.18 support. It doubled down earlier today, indicating that it could serve as a price propeller if DOGE remains above it and could actually be used as a “strong buy-the-dip zone.”

The analyst with over 161,000 followers on X predicted another price surge to $0.26 or even $0.33 if this support holds. It’s worth noting that DOGE exceeded the first target twice in September and October but hasn’t reached the second since January. Its latest rejection came during the October 10 bloodbath when it plunged from $0.23 to $0.15 within hours.

It has since maintained a value above $0.18, despite testing it on a couple of occasions. However, the resistance at $0.22 has capped its progress. What’s particularly worrisome about DOGE’s perspective is whales’ behavior.

These large market participants sold 440 million DOGE in just three days last week, intensifying the immediate selling pressure and potentially signaling market capitulation to smaller investors.

About the author

Jordan got into crypto in 2016 by trading and investing. He began writing about blockchain technology in 2017 and now serves as CryptoPotato’s Assistant Editor-in-Chief. He has managed numerous crypto-related projects and is passionate about all things blockchain.