Can DOGE Still Go Up?

Dogecoin remains one of the most closely watched meme coins in the cryptocurrency market. After a 5.6% price decline in the past 24 hours, DOGE is trading around the $0.26 to $0.28 range, leaving investors questioning whether the token can recover. 

Analysts believe Dogecoin’s future movement hinges on a critical resistance level at $0.29. If DOGE can decisively close above this barrier, it may spark a new bullish rally toward $0.45 and beyond.

Read Also: Dogecoin ETF vs Competitors: Should You Buy DOGE Now?

Key Takeaways

• Dogecoin has declined more than 5% in the past 24 hours, hovering near $0.26.
• Analysts identify $0.29 as the make-or-break resistance level for bullish momentum.
• A breakout above $0.29 could push DOGE to $0.32–$0.35 initially, and possibly $0.45.
• Tripling trading volumes suggest growing investor interest despite volatility.
• ETF speculation and historical September rallies add to bullish sentiment.

Dogecoin’s Recent Price Action

Over the past month, Dogecoin has shown remarkable volatility. In early September, the token surged by 35% amid renewed retail demand and speculative interest, outperforming many altcoins. However, recent market-wide sell-offs caused DOGE to retreat, falling back below the $0.30 mark.

Despite the setback, analysts argue that the token’s broader structure still supports a bullish narrative. The critical zone is $0.29, a level that has historically acted as strong resistance. Previous attempts in February, July, and August to breach this threshold were met with rejection. Breaking this level is seen as essential for unlocking the next upward move.

Why $0.29 Matters for DOGE

The $0.29 resistance level has become a psychological and technical barrier for Dogecoin. Each time DOGE has approached it in 2025, it has faced strong selling pressure. Analysts like Ali Martinez emphasize that a daily close above $0.29 would confirm a breakout, signaling that bulls are finally gaining control.

If achieved, this breakout could carry Dogecoin toward $0.32 and $0.35, levels that align with past support and resistance zones. More bullish targets, such as $0.45 and even $0.65, have been floated by other market watchers if momentum sustains.

Read Also: Dogecoin Breakout: Can It Push Beyond Current Price

Analyst Predictions for Dogecoin

Crypto analyst Ali Charts remains optimistic about Dogecoin’s potential. He points to a symmetrical triangle pattern forming on the charts, with DOGE consolidating just below resistance. Trading volumes have tripled in the past month, often a precursor to significant moves.

Ali suggests that if Dogecoin breaks the $0.29 barrier, the price could rally toward $0.45, representing a potential 70% gain from current levels. Another analyst, Javon Marks, has identified a longer-term breakout target of $0.65, which would represent more than a 100% move higher.

The Role of Market Sentiment and ETF Speculation

Investor sentiment remains mixed. On one hand, the crypto market is facing broader sell-off pressures, with meme coins hit especially hard. On the other hand, Dogecoin continues to benefit from speculation around a potential Dogecoin ETF. If such a product were to launch, it could dramatically increase institutional and retail interest, driving liquidity into DOGE.

Historically, September has been a favorable month for Dogecoin, with notable price spikes occurring in both 2022 and 2024. This historical pattern, combined with current market activity, suggests that DOGE may be poised for another strong performance if resistance is cleared.

Can Dogecoin Rally to $0.45?

The possibility of Dogecoin rallying to $0.45 depends entirely on whether it can sustain momentum above $0.29. At current prices, a successful breakout would deliver significant upside potential for traders. A $1,000 investment today could grow to $1,700 if the price reaches $0.45.

However, meme coins like Dogecoin are known for sharp volatility. While the upside is attractive, risks of rejection at resistance remain. Investors should keep a close eye on volume indicators, moving averages, and broader market sentiment before making decisions.

Final Thoughts

Dogecoin’s price trajectory is approaching a critical juncture. Analysts agree that $0.29 is the key level to watch. If DOGE manages to break above and hold this line, a rally toward $0.45 or higher could be on the horizon. On the flip side, repeated rejection may trap the coin in consolidation, leaving it vulnerable to further sell-offs.

With growing hype around a possible Dogecoin ETF, rising trading volumes, and seasonal strength, the conditions for a breakout are present. Whether DOGE can capitalize on them depends on the next few trading sessions.

Read Also: Is DOGE Better than ETH For Trading?

FAQ

What is the key resistance level for Dogecoin right now?

The $0.29 mark is the crucial resistance level. A daily close above this zone is needed to confirm bullish momentum.

Can Dogecoin reach $0.45 soon?

Yes, analysts suggest a breakout above $0.29 could set up DOGE for a rally toward $0.45, representing a potential 70% gain from current levels.

Why has Dogecoin been so volatile?

Dogecoin’s volatility stems from its meme coin status, speculative trading, and sensitivity to broader market shifts. It often reacts strongly to news, social media hype, and resistance rejections.

What role does the potential Dogecoin ETF play?

The growing speculation around a Dogecoin ETF has fueled investor optimism, as it could attract new capital and increase DOGE’s market legitimacy.

Is Dogecoin a good investment now?

Dogecoin may present opportunities if it breaks above resistance, but it remains a high-risk asset. Investors should weigh the potential gains against volatility and broader market conditions.