News & Articles

Dogecoin (DOGE), originally created in 2013 as a humorous alternative to Bitcoin based on the Shiba Inu meme, continues to surprise the market with its volatility and sustained interest from retail and institutional investors. Recovering from Saturday's decline, DOGE prices rose 3%, returning above the psychologically important $0.26 level. Traders are now viewing $0.30 as the next resistance level, and in a favorable scenario, even the $0.33–$0.40 range.
 
 Analysts are noting the formation of an ascending price channel—a classic technical analysis pattern that often precedes significant breakouts. Maintaining support in the $0.247–$0.249 region remains key for continued growth.
 

What's happening in the DOGE market?

After a sharp drop on Saturday, when the price briefly dipped to $0.248, the asset rebounded with high volume—evidence that weak hands (inconsistent holders) were squeezed out of positions and replaced by more confident buyers. By Sunday morning, DOGE was already trading above $0.26.
 
 The activity of large wallets is particularly noteworthy: over the past 72 hours, "whales" (holders of significant volume) have accumulated approximately 2 billion DOGE. Similar accumulation surges in the past—for example, before the 2021 rally, when DOGE reached an all-time high of around $0.73—have often preceded powerful upward moves.
 
 Furthermore, the rally was accompanied by an increase in trading volume to $485.6 million at the time of the drawdown, indicating the participation of not only retail but also institutional players. This is especially noteworthy given the general cooling of interest in altcoins in 2024–2025, when many projects faced capital outflow.
 

Market context and long-term drivers

In September, DOGE fluctuated between $0.24 and $0.27—typical behavior for "meme coins" during periods of low volatility. However, the situation has changed in recent months: growing interest in crypto assets, fueled by expectations of the approval of the first altcoin ETFs (including DOGE), as well as investments in infrastructure such as mining and staking, are creating more stable long-term forecasts.
 
 As a reminder, Dogecoin initially used a Proof-of-Work algorithm (like Bitcoin), but unlike BTC, it does not have a supply cap. Its inflationary supply model makes it less deflationary and more suitable for micropayments. This feature is becoming relevant again amid the growing number of payment solutions integrating DOGE, including platforms backed by Elon Musk, one of the token's most prominent supporters.
 
 The overall crypto market is also stabilizing after large-scale liquidations of $1.7 billion the previous week. During such periods, investors traditionally return to high-risk but potentially profitable assets—and DOGE, thanks to its recognition and liquidity, remains among the favorites.
 

Price dynamics: key stages

• Saturday : The price fell from $0.254 to $0.248, but quickly found support in the $0.247–$0.249 zone.
• Volumes : A peak of $485.6 million confirmed the participation of major players.
• Rebound : DOGE entered an ascending channel and ended the session at $0.252.
• Sunday : The asset broke through $0.26 again and is consolidating above this level.
• Targets : short-term resistance at $0.265 and $0.30; if broken, potential for growth to $0.33–$0.40.

What are market participants looking at?

• Whether DOGE can close the day above $0.26 will be an important signal that a new base is forming.
• The expected decisions by the US Securities and Exchange Commission (SEC) on the DOGE ETF applications could act as a powerful catalyst. While the regulator has previously been skeptical of meme coins, its shift in tone in 2025 (following the approval of Bitcoin and Ethereum ETFs) provides grounds for optimism.
• Whale behavior after the recent 2 billion DOGE accumulation - will it be passive storage or the beginning of a new distribution phase?
• Potential for Accelerated Growth: If momentum picks up, DOGE could replicate the 2021 scenario, where celebrity endorsements and mass interest led to multiple growth.

Dogecoin remains a shining example of how community, media, and market psychology can transform a "joke" into a serious financial asset. While its fundamentals differ from those of traditional cryptocurrencies like Bitcoin or Ethereum, its emotional engagement and high liquidity make DOGE one of the most dynamic instruments on the crypto market.