Dogecoin Set to Explode? Elon Musk’s Latest Move Could Send DOGE Price to $0.5

Dogecoin (DOGE) is once again the center of attention in October 2025 as new developments tied to Elon Musk spark bullish sentiment across the crypto market. 

The meme coin that began as a joke could now be gearing up for a major rally, with analysts predicting price targets as high as $0.50 in the short term and possibly $1 by early 2026.

Musk’s renewed focus on integrating digital payments into his social media platform X, along with speculation about a Dogecoin Treasury initiative, has revived optimism about DOGE’s growing real-world use and long-term potential.

DOGE: Elon Musk’s Influence on Dogecoin’s Price

Elon Musk has long been a key driver of Dogecoin’s price movements, and his latest initiatives could mark another major turning point. Reports suggest Musk is advancing his $44 billion funding plan for X, with potential crypto transaction capabilities — possibly including Dogecoin.

At the same time, news about a $200 million Dogecoin Treasury fund (the House of Doge project) has further boosted investor confidence. This fund is designed to enhance DOGE liquidity, support ecosystem growth, and improve utility in payments and commerce.

Combined, these developments reinforce the perception that Musk sees Dogecoin as more than a meme — a legitimate digital payment token for mainstream use.

Technical and Market Analysis for DOGE

Dogecoin’s technical indicators show signs of a potential breakout. On the monthly chart, DOGE’s RSI (Relative Strength Index) has entered a bullish zone, historically preceding major rallies.

Analysts note that if Dogecoin repeats past momentum patterns, it could gain up to 445% from current levels. This suggests possible targets between $0.75 and $1.36 by early 2026 under favorable conditions.

Currently, DOGE trades between $0.20 and $0.30, forming a tightening triangle pattern that typically signals an imminent breakout. Short-term resistance lies near $0.30–$0.35, and a breakout above these levels could propel prices toward $0.40–$0.50.

Key Price Scenarios for Dogecoin

• Bullish Case: DOGE rallies toward $0.50 or higher, fueled by X-integration announcements and institutional support.
• Base Case: Gradual breakout above $0.30, stabilizing around $0.40 by late October.
• Bearish Case: Consolidation between $0.20 and $0.30 if macroeconomic pressures or crypto volatility persist.

Technical analysts emphasize that reduced leverage and improving investor sentiment post-crash create favorable conditions for upward momentum.

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

Market Sentiment and Institutional Interest

Institutional and retail interest in DOGE is rising once again, particularly as speculation grows around potential Dogecoin-based payment features within Musk’s ecosystem. Exchanges such as Bitrue and Binance report increased DOGE trading volumes and wallet activity.

Market watchers also highlight the role of liquidity and community enthusiasm, two elements that historically amplify Dogecoin’s volatility but also its explosive rallies.

Conclusion

Dogecoin’s potential comeback in late 2025 is closely tied to Elon Musk’s strategic moves around X and blockchain-based payments. With technical indicators pointing upward and liquidity expanding, DOGE may be preparing for a strong breakout phase.

While reaching $0.50 remains an ambitious target, current trends suggest that the path toward higher valuations is once again open for the self-proclaimed “people’s crypto.”

Secure Bitcoin trades. Smart crypto insights. Only at Bitrue.

FAQ

What is driving Dogecoin’s price surge in October 2025?

Elon Musk’s renewed focus on crypto integration within X and the Dogecoin Treasury fund have reignited market optimism and buying pressure.

Could Dogecoin really reach $0.50 or higher?

Yes, analysts suggest DOGE could hit $0.50 or beyond if bullish technical patterns play out and Musk’s integration plans materialize.

What are the key resistance levels for Dogecoin right now?

Current resistance zones are around $0.30–$0.35. A confirmed breakout above these could trigger a larger rally.

Is Dogecoin’s rally sustainable long-term?

While short-term volatility remains, expanding use cases and Musk’s influence could help support sustained growth.

Where can I trade Dogecoin safely?

You can trade Dogecoin on major exchanges such as Bitrue, Binance, and Coinbase using DOGE/USDT or other stablecoin pairs.