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Jakarta, Pintu News – Dogecoin (DOGE) is experiencing increased trading activity after the crypto market correction earlier this week. Whales were seen aggressively capitalizing on the price drop by buying heavily, recording around 2 billion DOGE successfully absorbed from the market.
Some analysts estimate that Dogecoin’s price has the potential to rally up to 195%, which could bring it back to the all-time high [ATH].
Based on historical patterns and technical indicators, some crypto analysts predict that Dogecoin has the potential for a major breakout.
Read also: Dogecoin Price Falls 3% on Sept 26: Will Whale Buying and ETF Hype Spark a Comeback?
Analyst Javon Marks said DOGE could be poised for a rally of more than 195%, which would print a new all-time high [ATH] above $0.73905. He referred to previous rallies that came under similar market conditions.
Meanwhile, crypto analyst Bitcoinconsensus highlighted Dogecoin’s recurring cycle of 300% to 500% rallies, with this scenario potentially reaching 800%. He added that DOGE has just bounced off the ascending trendline support, with a potential price target of around $1.30 if the pattern continues.
This prediction comes as the Dogecoin price is consolidating, with traders waiting to see if history will repeat itself or if the hype will fade. Following this week’s crypto market correction, DOGE is trading in a tight range between $0.236-$0.244, relatively stable despite general market weakness.
An initial attempt to break the $0.244 resistance level was made, but profit-taking held back further gains. Now, traders are closely monitoring the level as a potential breakout point.
Optimism for a spot Dogecoin ETF is growing, especially after 21Shares managed to secure a listing on the DTCC earlier this week. The process includes a public comment period as well as review from regulatory bodies, before the US SEC finally gives its final decision on the fund’s approval.
Read also: Shiba Inu Gains Momentum with Burn Rate Surging Nearly 400%
In addition, the launch of the Rex-Osprey Dogecoin ETF (DOJE) last week also boosted market sentiment. Based on data from prediction platform Polymarket, the chances of spot approval of the DOGE ETF jumped to 99%, up 22% in the past month.
The SEC’s approval of a generic standard for Crypto ETFs also further increases the chances of spot ETF launches in the near future.

On the other hand, whale activity on this meme coin has increased sharply. Popular crypto analyst Ali Martinez noted that whales have bought around 2 billion DOGE in just the last 24 hours (25/9). This suggests that large investors are positioning themselves for a big move to come.
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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.
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