Dogecoin Surges to $0.24 — Is $1 Still On the Table for DOGE?

Jakarta, Pintu News – Earlier this week, the Dogecoin (DOGE) price briefly traded at $0.24, up 20% from the local low of $0.2047 reached on September 1. This recovery was driven by growing optimism regarding the possible launch of the first Dogecoin ETF in the US this week.

The question now is, will this momentum be a catalyst for the DOGE price to finally break the $1 level?

Dogecoin Price Rises 2.34% in 24 hours

On September 11, 2025, Dogecoin’s price climbed 2.34% in the past 24 hours, reaching $0.2465 or IDR 4,062. During the day, DOGE fluctuated between IDR 3,921 and IDR 4,079.

At the time of writing, Dogecoin holds a market capitalization of approximately IDR 611.85 trillion, supported by a 24-hour trading volume of around IDR 44.33 trillion.

Read also: Whale Activity Heats Up Dogecoin as the ETF Breakthrough Nears

First Dogecoin ETF coming soon?

This week could be a historic moment for Dogecoin, with the planned launch of the Rex-Osprey DOGE exchange-traded fund (ETF) in the United States under the ticker $DOJE. This will be the first Dogecoin ETF in the US, giving investors access to indirect exposure to DOGE. This news has sparked great enthusiasm among both crypto enthusiasts and traditional investors.

ETF Store President, Nate Geraci, in a post on X on Monday stated:

“The first Dogecoin ETF will most likely launch this week. Be prepared. I think we’re in for a very wild two months for crypto ETFs.”

Meanwhile, the US Securities and Exchange Commission (SEC) is also expected to make quicker decisions on a number of spot ETF applications, including Grayscale’s application to convert its Dogecoin Trust into an ETF. The SEC’s decision deadline on these applications falls in mid-October.

Market optimism is further evident at Polymarket, where bettors rate the chances of a DOGE spot ETF coming into existence in 2025 at 92%.

The Dogecoin ETF phenomenon confirms that the meme coin is no longer just an internet joke, but is starting to evolve into a real financial product. As more investors are able to access DOGE through traditional markets and institutional adoption increases, Dogecoin could potentially enjoy a significant rally as a result.

Read also: Crypto Marketcap: 5 Memecoins with the Highest Marketcap Right Now!

Can Dogecoin Break $1?

Dogecoin’s technical structure on high time frames suggests that it is in a strong enough position to make a price jump.

On the weekly chart, the price of DOGE is forming an ascending triangle pattern. The main focus of the bulls now is to push the price through the pattern’s resistance line at $0.27.

If the weekly candlestick closes above this level, it will confirm a breakout with a bullish target of the prevailing chart pattern at around $0.50. This means that Dogecoin could potentially record a rally of about 110% from its current price.

In the longer term, the cup-and-handle pattern on the monthly chart provides a more ambitious target. Based on the handle depth, DOGE has the potential to rise about 495% to $1.40, if it is able to cross the resistance at $0.42. Meanwhile, the cup depth projects a much higher target of around $3.65.

Popular analyst XForceGlobal also thinks that Dogecoin could reach an all-time high of around $1 this cycle. However, according to Elliott Wave analysis, a price of $10 for DOGE is not out of the question either.

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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:

• Cointelegraph. How high can DOGE price go when a Dogecoin ETF is approved? Accessed on September 11, 2025