Potential for Significant Dogecoin Growth? Analyst Predicts 111% Price Surge Despite Intense Selling Activity
Dogecoin (DOGE) has seen a 13% increase this week, reaching a price of $0.282, as optimism about a possible Dogecoin ETF launch continues to drive the meme coin's bullish rally.
The institution planning the introduction of a spot Dogecoin ETF has submitted proposals to the U.S. Securities and Exchange Commission (SEC), with the plans last updated around September 2025. These proposals suggest that spot crypto ETFs could be approved once futures contracts on the underlying assets trade on regulated U.S. exchanges like CME or Cboe. The U.S. SEC's recent approval of listing standards for spot Dogecoin ETFs has further strengthened the bullish case.
The technical setup suggests a potential DOGE breakout. The Ichimoku Cloud setup shows all four major indicators aligned in favour of buyers, giving DOGE a "perfect +4" bullish score. Support levels sit near $0.255, with resistance forming at $0.287. However, momentum indicators show overbought conditions, hinting at potential short-term consolidation before any major breakout.
Analyst Javon Marks has set a breakout target of $0.6533, implying a 111% upside from current levels. Trader Tardigrade highlighted that Dogecoin's consolidation pattern is steadily building momentum.
Increasing corporate treasury use and payment integrations are contributing to the continued interest in DOGE among institutional investors. Notably, CleanCore Solutions' Dogecoin treasury initiative adds additional credibility and institutional demand.
The launch of DOJE, backed by REX Shares and Osprey Funds, marks a milestone for meme coin adoption in regulated markets. A potential Dogecoin ETF launch could serve as a regulatory milestone.
However, if DOGE fails to hold above the critical $0.273 support level, analysts warn of a possible correction toward $0.241. The coin days destroyed (CDD) metric indicates that long-term holders are shifting assets, potentially signaling a downside risk.
CoinCodex forecasts predict DOGE will trade at $0.32 by mid-October, reflecting continued bullish sentiment. Each resistance test has been met with higher lows in Dogecoin's consolidation pattern, suggesting waning selling pressure.
As the wait for the potential Dogecoin ETF continues, the meme coin's price action and fundamentals remain a topic of interest for investors and traders alike.
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