Dogecoin Climbs 2% Today as Analysts Eye a Potential Run Toward $1.60 — What’s Driving the Optimism?

Jakarta, Pintu News – A market analyst has found a historical pattern on Dogecoin (DOGE) that hints at a possible 800% price increase to new heights.

DOGE is now showing signs of accelerating growth. Technical analysis indicates a potential continuation of the bullish trend. Interestingly, the repeating pattern seen on the weekly chart signals that this meme coin may be entering its most aggressive rally phase yet. If the momentum holds, the projected price of DOGE could reach around $1.60.

Dogecoin Price Rises 2.28% in 24 Hours

On October 3, 2025, Dogecoin’s price rose by 2.28% over the past 24 hours, trading at $0.2600, or around IDR 4,304. During the same period, DOGE fluctuated between IDR 4,160 and IDR 4,355.

At the time of writing, Dogecoin’s market capitalization is approximately IDR 649.29 trillion, with a 24-hour trading volume of about IDR 53.83 trillion.

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Dogecoin’s Historical Growth Cycle Repeats

The commentary that discovered DOGE’s historical pattern comes from Bitcoinsensus, a market analysis resource. In the report, Dogecoin’s long-term chart shows a recurring pattern of expansion phases followed by consolidation.

The first major cycle started in October 2023, when DOGE was trading at around $0.06. In the following months, buying pressure increased sharply, pushing the price up to $0.23 in March 2024.

The bull run registered a growth of about 300%, while forming a new recurring structure. More importantly, this breakout created a higher support level around $0.10, where the price consolidated after the rally subsided.

After a period of consolidation, a second uptrend began in August 2024, with DOGE prices moving around $0.08-$0.09. The buying impulse continued in the following months, eventually peaking at $0.48 in December 2024.

Dogecoin’s Rise Forms a Consistent Growth Pattern

This latest growth represents a surge of about 500% from its base level, thus confirming the bullish pattern seen on the chart. After reaching its peak, the price of DOGE corrected back to the $0.18-$0.20 range.

However, the correction formed a stronger support level than before, signaling that buyers are still holding positions at higher price levels.

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The next wave of gains began in mid-2025, when DOGE managed to bounce off the $0.18 zone. At the time of writing, the price has broken above $0.25, bypassing the resistance structure on the shorter time frame. According to the chart, this cycle could potentially develop into a rally of up to 800%, with a projected peak near $1.60.

The pattern shows a consistent trend. Each correction phase is always followed by a sharper rally, while each cycle results in an increasingly strong support zone. This indicates that there is long-term accumulation occurring along with price expansion, reinforcing the bullish direction evident on the chart.

Dogecoin’s Short-Term Chart Shows Breakout Confirmation

Meanwhile, shorter time frames reveal a clearer structural picture. On the four-hour Dogecoin price chart (2/10), it can be seen that DOGE has just broken the descending resistance line that had previously limited any recovery attempts throughout September.

This breakout came after DOGE retested the $0.22-$0.23 zone, an important area where buying activity continued to emerge. From that level, DOGE surged to trade around $0.255, signaling a successful breakout of the downtrend.

The Awesome Oscillator (AO) indicator also shifted into positive territory, reflecting stronger upside momentum after several weeks of bearish pressure. Trading volumes also increased as the breakout occurred, indicating greater market participation.

The next important levels are in the range of $0.27 and $0.30, which were previously areas of price rejection. If DOGE is able to hold above these levels, the rally is likely to continue while strengthening the projected long-term targets shown on the weekly chart.

On-chain data also supports this technical signal. According to DeFiLlama, the total value locked (TVL) in Dogecoin-based protocols rose to $22.13 million – an increase of 8.27% in just the last 24 hours. This signals a steady growth in participation and adoption, expanding Dogecoin’s role beyond just a speculative asset.

The upcoming trading session will determine whether DOGE is able to maintain momentum above $0.25 and challenge resistance around $0.30. If that level is successfully broken, the chances of a continued rally towards higher targets will become stronger.

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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:

• The Crypto Basic. This Historical Pattern Could Push Dogecoin to $1.60. Accessed on October 3, 2025