Dogecoin Price Prediction: $23 Million Out of Exchange, Is a Parabolic Phase Forming?

Jakarta, Pintu News – The Dogecoin (DOGE) price is now entering a crucial phase as on-chain data and analyst projections point to the potential for a huge explosive rally. A crypto analyst recently highlighted Dogecoin’s long-term chart, which indicates that the meme coin could be transitioning from a slow bull phase to a parabolic rise.

This projection is in line with rising investor confidence, which is evident from the surge in exchange outflows – signaling less selling pressure.

Dogecoin Price Structure Points to Potential Long-Term Parabolic Rise

One analyst highlighted that Dogecoin’s price movement has gone through several clear phases of growth since 2023. Initially, Dogecoin was in a consolidation phase that lasted from mid-2022 to late 2023, during which market volatility tended to be low.

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Entering 2024, Dogecoin began to move into a slow bull phase with a gradual higher low pattern on the weekly chart. Towards the middle of 2025, the price structure begins to show early signs of exponential growth.

Currently, the Dogecoin price is trading around $0.24, which can be considered an early entry point towards a potential parabolic phase.

Interestingly, Dogecoin’s current weekly structure mirrors previous cyclical patterns that preceded major rallies. If this pattern continues, the DOGE price could potentially target the $1 level within the next year, as Dogecoin’s long-term upside projections grow stronger.

Institutional Interest Increases as $23 Million Outflows from DOGE Exchange

Data from CoinGlass shows that the massive outflow of nearly $23 million from the Dogecoin exchange signals growing confidence amongwhales.

Historically, moves like this usually indicate a phase of accumulation, not profit-taking, especially when supported by consistent on-chain stability.

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For Dogecoin, this continued outflow indicates that the whales are preparing for the next big uptrend, similar to the previous meme coin rally led by DOGE.

Moreover, while other major meme coins such as Shiba Inu (SHIB) and Pepe (PEPE) are going through a consolidation phase, DOGE’s reduced reserves on exchanges further strengthen its dominance in the market.

Interestingly, the reduced liquidity on exchanges also limits short-term supply, which could amplify the price reaction going forward. This trend coincides with the entry of the 21Shares DOGE ETF (TDOG) onto the DTCC platform, a clear sign of growing institutional interest in meme coin-linked products.

This pattern also aligns with analysts’ previous parabolic projections, reinforcing the optimism that DOGE could potentially lead the next meme coin rally cycle.

Is Dogecoin Ready to Take Off?

Dogecoin’s technical outlook and on-chain dynamics now suggest that the coin is on the verge of an important breakout phase. Continued outflows from exchanges and increased confidence among whales provide a strong foundation for bullish sentiment.

If this parabolic uptrend pattern is maintained, DOGE could potentially return to the price levels last seen in 2021. Overall, various indicators are currently showing alignment towards a continuation of the long-term uptrend in Dogecoin’s price movement.

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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 Outlook as $23M Leaves Exchanges, Is the Parabolic Phase Beginning?. Accessed on October 10, 2025