Dogecoin Surges 9% Today: Is a Rebound in the Cards?

Jakarta, Pintu News – After hitting a September high of $0.30, the Dogecoin (DOGE) price is now entering a consolidation phase. Currently, the meme coin is trading at around $0.23, down about 23% from its peak.

This drop reflects the market’s natural cooling down process after experiencing a huge surge in recent weeks. Historically, DOGE has often shown a similar pattern – pausing after a big rally before resuming the upward trend on the next breakout attempt.

Despite the decline, a number of signals indicate a potential rebound in the near future. So, what is the current Dogecoin price movement?

Dogecoin Price Rises 9.00% in 24 Hours

On October 2, 2025, Dogecoin’s price surged by 9.00% in the past 24 hours, reaching $0.2549, or approximately IDR 4,225. During the same period, DOGE traded within a range of IDR 3,846 to IDR 4,230.

At the time of writing, Dogecoin holds a market capitalization of about IDR 637.16 trillion, with a 24-hour trading volume of roughly IDR 53.04 trillion.

Read also: Ethereum Jumps 5% Today: Could ETH’s Rally Signal a Run Toward $4.5K Again?

Dogecoin Tests Triangle Trendline

On the 4-hour chart (1/10/25), Dogecoin’s Relative Strength Index (RSI) indicator is at a neutral level of 50. This midpoint indicates that neither buyers nor sellers have yet taken control, leaving room for a quiet accumulation phase.

If demand starts to strengthen from this point, the price of DOGE has the potential to continue its upward movement to form the next bullish trend.

In general, an RSI above 50 indicates upward momentum, while a drop below 50 signals weakening demand. Currently, DOGE is at a crossroads, with the market waiting for a new catalyst to trigger a significant move.

Even so, buyers haven’t shown enough pressure to prompt a trend reversal. However, a closer look at the chart shows that DOGE is approaching the upper trend line of the descending triangle pattern.

On the other hand, the Chaikin Money Flow (CMF) indicator is signaling protection against a potential deeper decline.

DOGE is Still Far From the Top of the Market

Despite the correction, the Chaikin Money Flow (CMF) indicator, which remains positive, shows that selling pressure is no longer dominant. With this condition, the Dogecoin price has a chance to survive and even break the resistance line to approach the $0.26 level.

On the on-chain side, Dogecoin’s Market Value to Realized Value (MVRV) ratio is currently down to 57.70%. Historically, the DOGE price usually reaches a cyclical peak when the MVRV ratio is in the range of 250% to 519%.

At current levels, the data shows that the majority of holders are still far from the extreme profit-taking zone. This means that the market is not yet in an overheating condition. With this position, Dogecoin still has considerable room for price appreciation in the medium to long term.

Read also: Bitcoin Surges to $118,000 Today — Will BTC Make History This “Uptober”?

DOGE Price Outlook: Mixed Signals

As for the short-term outlook, daily chart analysis shows that the Dogecoin price is likely to move towards the support area at $0.20, which could potentially be the base of the move.

The head-and-shoulders pattern formed earlier gives a bearish signal and opens up opportunities for a decline. However, DOGE is currently considered strong enough to hold above the neckline at $0.22.

If this level is maintained, there is a possibility of a rebound. A clean breakout above the $0.24 resistance could be confirmation of a trend reversal, with a chance of DOGE testing the $0.27 area.

Conversely, if the selling pressure gets stronger, this scenario could fall. In that case, the price of DOGE could potentially drop to $0.18, approaching the 0.236 Fibonacci retracement level.

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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:

• CCN. Dogecoin (DOGE) Price Stabilizes After 23% Decline – What Lies Ahead. Accessed on October 2, 2025