Excitement is growing in the meme coin market as Dogecoin’s price reclaims the crucial $0.2 level on Monday, driven by easing trade tensions after Donald Trump retreated from his threats to impose 100% tariffs on Chinese goods entering the US.
At press time, Dogecoin has risen 10% over the past 24 hours and increased 38% from its lows on the Coinbase exchange last Friday. However, it remains 31% below its September highs, leaving significant upside if this rally persists.
So, the question becomes, is it time to buy Dogecoin, or is the recent surge a bull trap before a move back toward Friday’s lows? Let’s review Dogecoin’s price, the factors fueling its momentum, and whether its gains are sustainable.
As Dogecoin builds momentum, a new Dogecoin-themed meme coin called Maxi Doge (MAXI) is experiencing a surge in its presale, having just crossed the $3.5 million raised milestone. But given its early stage and the market’s ongoing rebound, some analysts believe this could just be the beginning.
DOGE Leads Meme Coin Recovery – But Analysts Predict Bigger Gains Ahead
Dogecoin is lifting the rest of the meme coin market into bullish territory with its gains today. The total meme coin market valuation has increased by 11%, with some of the top performers being 4 (up 56%), Useless Coin (up 50%), and Vine (up 46%).
However, these gains wouldn’t be possible without Dogecoin first showing strength. And adding to the excitement, analysts believe that the current price setup could lead to a bigger move to levels last seen in 2021.
According to Ali Martinez, who goes by Ali_Charts on X, the $0.19 Dogecoin price level is a strong dip-buying opportunity ahead of a move toward the resistance of an ascending channel chart pattern at $0.48.
Don’t say I didn’t tell you to buy the dip! https://t.co/l3Nc9Eupxq
— Ali (@ali_charts) October 13, 2025
Meanwhile, Trader Tardigade notes that Dogecoin’s wick down on Friday retested a long-standing trendline support level, which has led to 301% and 501% gains on previous bounces. He suggests that the next rebound will be even stronger, forecasting an 878% upswing to $1.
$Doge/monthly#Dogecoin is set to reach $1 🔥 pic.twitter.com/RVtcXnPWE1
— Trader Tardigrade (@TATrader_Alan) October 12, 2025
It’s Paying to Be a Dogecoin Bull
Friday’s flash crash wiped out about $3.2 billion in leveraged Dogecoin positions, most of which were longs. This caused the asset’s funding rates to plummet from 0.1% to -0.18%, meaning that traders who held a long position in DOGE would receive payments from short sellers to keep their positions open.
Even after the rebound, funding rates stay negative, indicating more shorts than longs in the market, and possibly suggesting that DOGE still has upward momentum since it (literally) pays to be a bull.
With structural strength evident on the price chart and funding rates favoring bulls, it appears that DOGE is well-positioned to continue its uptrend in the coming days.
While intermittent volatility is likely as traditional finance players return after the weekend, Friday’s crash does not appear to have fundamentally altered the bull market structure, with the sharp rebound signalling strength and potential for an uptrend continuation.
With that in mind, several respected analysts have suggested that Maxi Doge could be a promising way to capitalize on this momentum. Let’s explore what the project is all about.
Best Crypto to Buy? Maxi Doge is Dogecoin for Degen Futures Traders
Approximately $83 billion was wiped out from the crypto futures market last week, highlighting an industry-wide issue of overleverage. But while many experts caution against the use of excessive leverage, Maxi Doge embraces it.
It’s a Dogecoin-themed meme coin built for the chaos of “going all in.” It’s for degens who double down when they see the market unravel instead of shying away.
The project’s mascot is portrayed as a 1000x leverage trading crypto bro who lives in his mom’s basement on a strict diet of caffeine and “MAXITREN.” And while all of this may sound silly, there’s method behind the madness.
Maxi Doge has real token utilities geared towards futures trading. The team will integrate MAXI with perpetual exchanges platforms, and there’ll also be weekly trading competitions where winners earn MAXI and USDT tokens.
The goal of Maxi Doge isn’t to attract everyone; it’s to draw the hungry 1% who are bored of average returns buying DOGE on spot. This has started grabbing the attention of analysts, with Borch Crypto recently calling it the “best crypto to buy now.”
As seen today with projects like 4, Useless Coin, and Vine all up over 50%, Dogecoin’s strength can be seriously bullish for smaller meme coins.
Maxi Doge’s blend of Dogecoin appeal and futures trading integrations – at a time when everyone is talking about it – could well make it one of these top performers once it hits the open market.
Visit Maxi Doge Presale
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