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Analyst Says DOGE Accumulation “Nearly Complete,” A Push Beyond $0.40 Could Be Imminent: Here’s Why

13 hours ago
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TLDR:

  • DOGE price consolidates in a $0.18–$0.23 range, holding firm above $0.182 support for weeks.
  • Cipher X sees accumulation nearly complete, with expansion targets at $0.40 and liquidity near $0.50.
  • Grayscale’s updated Dogecoin ETF filing adds institutional adoption potential ahead of October 2025.
  • JavonMarks projects DOGE could climb 170% from $0.223, with breakout targets at $0.6533 and $1.25.

Dogecoin is once again in the spotlight. Price has been steady inside its narrow range, and buyers appear committed to defending it. Market analysts are pointing to stronger accumulation patterns that suggest a major move could be close. 

The coin is consolidating while ETF headlines bring an institutional angle into play. Traders are weighing technical signals against fundamental catalysts as October approaches.

DOGE Price Structure Points to Expansion

At the time of analysis, Dogecoin was trading around $0.233, the upper side of its current $0.18–$0.23 range. 

According to Cipher X, the market is still in accumulation, a phase often followed by an expansion move. The low volatility pattern indicates traders are positioning before a breakout.

Key support remains at $0.18279, which has acted as a floor for weeks. Cipher X stressed that this level is holding strong, giving buyers a clear line to defend. A deeper support lies near $0.096, though price has not revisited that area.

On the upside, the first profit target appears around $0.406. Beyond that, liquidity is stacked close to $0.50, where many stop orders and breakout trades may trigger. This level has become a focus for short-term momentum players.

Dogecoin ETF Filing Adds Fuel to Bullish Case

Beyond chart levels, fundamentals are shaping sentiment. Cipher X pointed to Grayscale’s updated Dogecoin ETF filing, which could strengthen adoption. The filing comes ahead of October 2025, giving markets time to price in institutional interest.

ETF exposure typically opens assets to a wider pool of capital. For Dogecoin, that means potential entry of traders who cannot access spot crypto markets directly. The expectation of demand adds weight to the bullish narrative.

Cipher X noted that accumulation appears nearly complete, with expansion as the next logical stage. If price holds above support and breaks out of the range, upside targets at $0.40 and $0.50 remain valid.

Analysts See Higher DOGE Price Targets Beyond $0.50

Other analysts are also weighing in on Dogecoin’s setup. JavonMarks reported that higher lows continue to form on the chart. He believes this structure supports a breakout target of $0.6533, representing a 170% climb from current levels.

Should that move occur, the path above $1 would open. JavonMarks stated that $1.25 could come into play if bullish momentum extends. Such projections remain conditional on price holding its support zones.

Latest CoinGecko data shows Dogecoin at $0.223, down 4.44% in the past 24 hours and 6.55% weekly. Despite the pullback, accumulation signals remain intact. Market watchers now look to whether October’s ETF developments and steady support can push DOGE into its expansion phase.

Dogecoin price on CoinGecko

The post Analyst Says DOGE Accumulation “Nearly Complete,” A Push Beyond $0.40 Could Be Imminent: Here’s Why appeared first on Blockonomi.

Source: https://blockonomi.com/analyst-says-doge-accumulation-nearly-complete-a-push-beyond-0-40-could-be-imminent-heres-why/