Key Insights:
- Dogecoin price held around $0.229, with $0.27 as the next breakout target.
- Spot flows flipped to outflows, showing holders are keeping coins instead of selling.
- The Money Flow Index signaled dip buying strength, backing a potential 18% gain.
Dogecoin price traded around $0.229 at press time, almost 140% higher than a year ago. Over the last month, though, it stayed flat. That changed in the past 24 hours, when DOGE price jumped more than 5%.
New buying interest, spot flows pointing to less selling, and technical signs now suggest that Dogecoin could be ready for a breakout.
The big question is whether it can clear $0.229 and push toward $0.27. However, that level would just be a pitstop in a journey to something bigger.
Dogecoin Price: Spot Flows Show Less Selling
If you are looking for signs of where Dogecoin price may go next, spot flows are one of the most important. Spot flows track whether coins are sent to exchanges to be sold or moved out into wallets to be held.
On September 7, about $11.25 million worth of Dogecoin was sent to exchanges. That usually means holders are planning to sell. But on September 8, the flow went the other way. Roughly $7.74 million was moved out of exchanges, showing people were holding rather than selling.
This change means sellers are slowing down, and buyers may be preparing for higher levels. Traders who had been quick to sell into every rally are now keeping their coins, which helps reduce pressure on the Dogecoin price.
Dip Buying Builds Strength for Dogecoin Price
The Money Flow Index (MFI), which uses price and volume to check whether money is going in or out of a coin, also gave a positive sign.
On September 6, MFI dropped, but then it started moving up again. By September 8, it was close to 54. If it climbs above 55.85, it will confirm that dip buyers are active and that buyers, not sellers, are in control.
This is important because it shows Dogecoin’s gains are backed by real money entering, not just light trading.
Other indicators also turned positive. The TD Sequential, which is often used to find turning points, gave a buy signal earlier in the week. Since then, the Dogecoin price has posted steady gains.
Together, MFI and TD Sequential suggest that dip buying is back and that bulls are pushing for a breakout. But then, the Dogecoin price chart needs to confirm all of that.
Analysts Highlight Key DOGE Price Levels to Watch
At that time, the Dogecoin price was near $0.227–$0.229. The level at $0.229 is the first barrier. If DOGE manages to hold above this, the next target is around $0.27. That would mean an 18% move higher.
On the downside, $0.209 has acted as strong support. This level has been tested many times and has held, showing that buyers are defending it.
Analysts are divided about what happens next. Some believe the near-term goal is the $0.27 breakout.
Others think Dogecoin could go much higher in the long run. One analyst has even pointed out that DOGE might have the potential to reach $1.40 if bullish momentum builds.
That may take time, but it shows how quickly expectations can rise once key levels are crossed.
Dogecoin’s setup is building strength. Spot flows show less selling, dip buyers have stepped back in, and technical tools point to a bullish trend.
With $0.209 as strong support and $0.229 as the first breakout test, all eyes are on whether the Dogecoin price can reach $0.27. That would mark an 18% gain from current levels.
Analysts disagree on how high DOGE can go, but for now, the short-term story is clear: the breakout level matters most.