TLDR
- Dogecoin has dropped to a key support level at its ascending channel’s lower boundary, which historically precedes rebounds of 50-100%
- The recently launched Rex-Osprey DOGE ETF has attracted over $20 million in assets under management with consistent daily inflows
- Technical analysts predict a potential price target of $0.3173, representing a 40% increase from current levels
- A cup-and-handle pattern on the ten-day chart suggests a possible long-term move toward $1, though this represents a 338% increase
- DOGE trades around $0.23 with immediate resistance at $0.25, while support holds at $0.18-0.19
Dogecoin price has pulled back to an important support level as the broader crypto market experiences a downturn. The memecoin currently trades around $0.23 after a 3.24% daily decline.
The coin has reached the lower boundary of an ascending channel that has defined its uptrend over recent months. This support level aligns with the 100-day Exponential Moving Average and the top range of the Murrey Math Lines tool.
Historical data shows Dogecoin typically rebounds from this support zone. The coin surged over 100% after touching this level in June. In September, it gained 50% following a similar drop to this support.
Technical analysis points to $0.3173 as the next resistance target. This level matches the overshoot zone on the Murrey Math Lines tool. The price target sits about 40% above current trading levels.
The Rex-Osprey DOGE ETF has recorded inflows every day since launching earlier this month. Total assets under management have now surpassed $20 million.
Daily trading volume exceeds 780 million DOGE tokens. The 24-hour price range between $0.2265 and $0.2389 shows the coin trading in a tight range.
One analyst with over 30,000 followers shared a chart showing a cup-and-handle formation on the ten-day timeframe. This pattern could indicate a potential move toward $1 over time.
The $0.25 level represents critical resistance. A break above this price could open the path toward $0.30-0.38 in the near term.
ETF Performance Draws Attention
The consistent inflows into the DOGE ETF suggest demand from American investors. Market watchers view this as a potential preview of how mainstream DOGE ETFs might perform after approval.
📈 Market Overview
DOJE recorded $17M in trading volume on launch day, combining with the REX-Osprey XRP ETF for a total of $54.7M in day-one volume. However, DOJE’s first week of trading produced only $9.9M in net inflows. Compare this to the Ethereum ETF launches, which saw… pic.twitter.com/cJbjhOVLjl
— CoinMarketCap (@CoinMarketCap) October 1, 2025
Bitcoin and Ethereum both reached record highs following their ETF approvals. Similar dynamics could play out for Dogecoin if additional ETF products launch.
Key Levels to Watch
Support holds at $0.18-0.19, where buyers have consistently defended the price. A break below this zone would challenge the current bullish outlook.
The coin has formed a series of higher highs and higher lows in recent months. However, the spread between the ascending trendlines is narrowing.
This narrowing pattern creates a rising wedge formation. Such patterns sometimes lead to bearish breakouts after retesting the upper boundary.
Q4 has historically brought increased volatility to crypto markets. The current consolidation phase could set up for larger price movements in either direction.
The memecoin sector overall shows signs of potential strength heading into the final quarter. DOGE maintains its position as the largest memecoin by market cap.
Price compression within the current range often precedes bigger moves. The coin needs to break above $0.2485 to confirm near-term bullish momentum.
