Dogecoin Breaks Key Trendline as Bulls Target $0.97 Soon

Dogecoin has recently made significant moves in the market by breaking above a crucial trendline, hinting at a potential rally that could excite both traders and investors. The breakout above the trendline is seen as a signal of renewed bullish momentum in the market, with price targets between $0.41 and $0.97 expected if market volatility increases. Technical analysis indicates that this breakout aligns with Bollinger Band analysis, suggesting an expanded trading range for Dogecoin. Historically, when the coin breaks above long-term resistance with rising volume, it often leads to significant upward movements.

Furthermore, a study published in the Journal of Risk and Financial Management in 2024 found that cryptocurrency breakouts on high trading volume frequently precede 20–30% price surges within 30 days. While past performance does not guarantee future results, analysts suggest that the probability of near-term upside for Dogecoin has increased.

The recent surge in Dogecoin’s price aligns with the macroeconomic environment in the U.S., where concerns about slower growth and hawkish monetary policy have left investors seeking alternative assets. Speculative assets like Dogecoin tend to benefit from these conditions, as they can quickly emerge as a preferred short-term hedge for investors with elevated risk appetite.

In a groundbreaking development, the first-ever Dogecoin ETF (DOJE) is scheduled to launch on September 18, 2025, in the United States. This marks a significant milestone in the institutional acceptance of Dogecoin, with Bloomberg analyst Eric Balchunas describing it as a historic step from meme to mainstream. The ETF launch has already had a positive impact on Dogecoin’s price, with analysts anticipating increased inflows as institutional traders gain easier access through traditional brokerage platforms.

Looking ahead, many traders are revisiting their Dogecoin predictions, with near-term targets in the $0.41 to $0.97 range depending on trading volumes and overall crypto market sentiment. Some analysts believe that Dogecoin could reach $0.99 by late October 2025, supported by optimism surrounding the ETF. The question of whether Dogecoin will reach $1 remains a topic of speculation, with factors like macroeconomic headwinds and regulatory shifts potentially influencing momentum.

Overall, the future of Dogecoin appears to be on a stronger trajectory than in previous cycles, with the coin’s evolution from a meme currency to a tradable financial product highlighting its maturing nature. Despite volatility being a key factor, the combination of technical breakouts, macro tailwinds, and institutional adoption gives reason for optimism among bullish investors.

As Dogecoin continues to trade around $0.27, up 7.32% in the last 24 hours, all eyes remain on whether the coin can sustain its momentum and approach the highly anticipated $1 mark. With September unfolding, the crypto community eagerly watches the developments surrounding Dogecoin and its potential to reach new milestones in the market.