Dogecoin Dips 10% Today — Is a Recovery Possible?

Jakarta, Pintu News – Over the weekend, the price of Dogecoin (DOGE) briefly stood at $0.2641 after falling around 4%, with a market capitalization of close to $39.89 billion.

The market structure suggests that the asset’s movement still reflects the cyclical pattern it had in 2017 and 2021, where a long consolidation phase is usually followed by a strong rally.

With the 2025 cycle seemingly forming a similar pattern, analysts are now waiting to see if the same scenario will repeat itself. So, how is the Dogecoin price moving at the moment?

Dogecoin Price Drops 10.97% in 24 Hours

On September 22, 2025, Dogecoin saw a sharp drop of 10.97% in just 24 hours, slipping to $0.2395 (around IDR 3,995). During the same period, DOGE traded between IDR 4,487 and IDR 3,875, highlighting strong intraday volatility.

At the time of writing, Dogecoin’s market capitalization is approximately IDR 620.69 trillion, while its 24-hour trading volume stands at about IDR 49.42 trillion.

Read also: 3 Signs Suggest Dogecoin’s $0.41 Breakout Is Only Delayed, Not Impossible

Dogecoin Price Action: Signal of Potential Breakout from Market Cycle

The Dogecoin price continues to show a consistent pattern of movement in long-term cycles. After major rallies in 2017 and 2021, the 2025 cycle is now starting to show signs similar to previous periods.

An analyst on platform X noted that the 2017 rally began after a long consolidation phase, when the price of DOGE surged from below $0.0002 to a peak of around $0.017.

A similar pattern occurred again in the 2021 cycle, with prices skyrocketing from $0.0022 to over $0.70. In both rallies, the price movement was always above the 50 EMA, reinforcing the bullish condition when the breakout occurred.

Now, in the 2025 cycle, Dogecoin has retested the downtrend line around $0.26 while staying above the 50 EMA. This structure is reminiscent of the foundation that preceded the previous parabolic spike, thus reinforcing the possibility of a rally continuation.

According to the analyst, if this pattern repeats itself, the anticipated breakout could push DOGE through $1 and even higher. As one of the biggest meme coins, Dogecoin’s cyclical rhythms give us an idea of long-term price projections that could potentially bring another historical move in the months to come.

DOGE Grayscale ETF Effort: Institutional Interest Meets Market Optimism

Grayscale’s filing of a revised S-1 document to convert the Dogecoin Trust into an ETF with the GDOG ticker sparked renewed debate on the asset’s future prospects.

Read also: The Top 3 Crypto Narratives Set to Dominate the Altcoin Scene in 2025

If approved, the ETF will trade on NYSE Arca, with Coinbase acting as prime broker and custodian.

The move comes after the SEC relaxed listing standards for crypto funds, potentially allowing for faster approval of such products. The Dogecoin ETF will open up a regulated investment avenue for investors who are reluctant to be directly exposed to crypto exchanges, while significantly expanding market access.

Grayscale’s filing also follows the official launch of the Dogecoin and XRP (XRP) ETF by REX-Osprey, which is designed to give institutional investors spot exposure to the popular altcoins.

Meanwhile, data from CoinGlass shows that 77.26% of accounts are long while only 22.74% are short, reflecting speculative optimism in line with the ETF narrative. As such, Grayscale’s move can be seen as an attempt to institutionalize Dogecoin at a moment when the historical cycle also hints at a potential new rally.

To summarize, Dogecoin’s price cycle and EMA technical support again reinforce the chance of a major breakout. With the 2025 cycle retest having already occurred, the current market structure resembles the conditions that triggered the previous rally.

Grayscale’s ETF efforts, coupled with the majority of long positions in the market, further cement the potential for wider adoption as well as the credibility of DOGE. All these factors together point to the possibility of a significant price move that could challenge the $1 level or higher.

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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:

• Coingape. Dogecoin Price Prediction: Grayscale ETF Move Aligns With Cycle Breakout. Accessed on September 22, 2025