Dogecoin Surges 4% Today as Analysts Spot a Classic DOGE Chart Pattern

Jakarta, Pintu News – The Dogecoin (DOGE) price is showing a familiar chart pattern, which some analysts say could be indicative of larger price movements ahead.

By the end of last week, Dogecoin was trading around $0.2145 with a market capitalization of $32.35 billion. Amidst the emerging bullish sentiment, the filing of a new ETF also put the coin back in the spotlight.

Then, how is the current Dogecoin price movement?

Dogecoin Price Rises 4.62% in 24 Hours

On September 8, 2025, Dogecoin saw a notable 4.62% increase over 24 hours, trading at $0.2287, or approximately IDR 3,738. During this period, DOGE’s price fluctuated between IDR 3,553 and IDR 3,765.

At the time of writing, Dogecoin’s market capitalization sits at roughly IDR 562.94 trillion, while its 24-hour trading volume reaches around IDR 33.56 trillion.

Read also: 3 Meme Coins That Took Over the Internet in Early September 2025

Analyst Notes: Dogecoin Price Cycle Patterns

One analyst, Dima Potts, shared observations about Dogecoin’s behavior in previous cycles.

The shared chart shows that momentum usually forms when the price approaches two trend lines. When the coin breaks the third line, the movement is often followed by a sharp spike.

• In the first cycle, Dogecoin surged 9,221% shortly after the breakout.
• The second cycle provided an even bigger rally, rising 24.617% with the same pattern.

According to the analyst, the current cycle has already passed the first point and is now approaching the resistance line again. This view suggests that another rally could occur if the price manages to break through that level. Each of the previous cycles also showed bigger gains than the one before.

Factors that support the likelihood of this pattern repeating include: wider adoption, declining inflation, increasing institutional interest, and consistent technical updates of the network.

It’s worth noting, this analysis doesn’t state Dogecoin will definitely hit $10, but rather just highlights a setup that’s worth keeping an eye on. The $10 figure appears as a possibility if the previous cyclical pattern actually repeats.

Dogecoin’s Role in the Crypto Market

Dogecoin was born in December 2013, when software engineers Billy Markus and Jackson Palmer created it as a lighthearted and joking project.

The coin is inspired by the popular “Doge” meme featuring Shiba Inu dogs. Although originally created as a joke, Dogecoin is built on blockchain technology and enables peer-to-peer payments.

Over time, Dogecoin became known for its fast transactions and low fees, making it popular for online tipping, small payments, and community projects.

Dogecoin is also used in charity, with its community funding various programs and events around the world.

Read also: 4 Cryptos Under $1 That Everyone Is Talking About Right Now

By 2025, Dogecoin had grown far beyond its meme origins. It remains one of the top-ten digital assets, ranking eighth by market value.

Dogecoin’s simple design and active community have kept it in regular use, despite other tokens focusing on more complex features.

His story shows that cultural value and community support can make a coin last long in the crypto market.

Dogecoin ETF Proposal Adds to Market Interest

While traders are watching the price movements, Dogecoin is also entering the realm of officially regulated investment products.

Grayscale, Bitwise, and 21Shares have applied for a spot Dogecoin ETF earlier this year. Analysts now estimate the probability of approval at 90% before the end of 2025.

Recently, REX-Osprey, an asset manager, filed for a Dogecoin ETF. The filing states that at least 80% of the fund will be invested in Dogecoin or related products, including direct holdings,futures and swaps that track the Dogecoin price.

The remaining funds can be placed in government bonds or cash to support daily operations. The ETF will use a third-party custodian to hold assets. The filing also noted that problems with the custodian could affect the ETF’s performance.

REX-Osprey has previously handled other crypto products, including the Solana (SOL) Staking ETF.

Market participants say that the Dogecoin ETF proposal comes at a time when coins related to online culture are attracting attention again. Both individual traders and large institutions are looking for new ways to gain exposure to such assets.

This filing adds to the debate about the possibility of mainstream investors soon gaining easier access to Dogecoin through traditional markets.

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

Reference:

• Market Periodical. Dogecoin Price to $10? Analyst Points to Bullish Pattern and ETF News. Accessed on August 8, 2025