Dogecoin(DOGE)急涨10%重返0.24美元！Whale积累双底形态或推升至0.8美元

According to news on September 24, 2025, Dogecoin (DOGE) experienced a 10% surge, returning above $0.24, currently trading at $0.2394, with a 24-hour trading volume exceeding $3 billion and a market capitalization of $36.17 billion. It broke through the descending resistance line and successfully tested the support at $0.24, with Fibonacci key levels at $0.2403 and $0.2457 becoming the focus. The market sentiment “greed” index reached 72, and whales are accumulating in the $0.22–$0.24 range. Analysts identified a double bottom and a megaphone pattern; if it holds the support at $0.23, the short-term target is $0.26–$0.28. Wave analysis suggests that Wave 3 momentum could reach $0.45–$0.50, with long-term potential touching $0.60–$0.70, but it could fall below or pull back to $0.22.

Dogecoin breaks the descending resistance line and retests the $0.24 support

Dogecoin has recently surged by 10%, attracting the attention of traders. It has broken through the descending resistance line after a consolidation period, returning above $0.24 and successfully retesting this level as support. This breakout pattern often indicates larger price fluctuations in the crypto market, and technical analysts view it as a continuation of positive signals. Currently, DOGE is trading at $0.2394, with a 24-hour decline of 0.97%, but a weekly increase of over 10%, with a market capitalization of $36.17 billion.

Key Fibonacci levels include $0.2403, $0.2457, $0.2502, $0.2276, and $0.2097, with $0.23 being most relevant for short-term direction. Discussions on platform X show that @MarketInsightsH emphasizes DOGE defending $0.22–$0.23 within an ascending channel, with the ETF launch ($17 million volume) boosting sentiment. If $0.23 is held, it could pave the way for a move towards $0.26 or $0.28.

Market Dynamics: Whale Accumulation and Retail Participation Driving

Whales accumulating in the $0.22–$0.24 range provide solid support, with large holders building positions to form a price bottom. Retail participation increases with price action, and market sentiment indicators show a “greed” reading of 72, reflecting investors' high appetite for risk assets like Meme coins.

On-chain data shows that Dogecoin has over 58,000 daily active addresses, a decrease from the peak in Q4 2024, but recent ETF launches and social media discussions (such as the potential influence of Elon Musk) have rekindled interest. In a post on X, @Daveanalytics90 pointed out that the DOGE price analysis shows an ETF transaction volume of $17 million boosting confidence, with a breakthrough of $0.30 potentially targeting $0.35+. This dynamic aligns with the broader crypto optimism period and the psychological sentiment around meme coins, as Dogecoin's retail base quickly responds to technological developments and social sentiment.

Technical Pattern: Double Bottom and Broadening Formation Indicate Upside Reversal

(Source: TradingView)

Multiple technical formations support further upward movement. Analysts have identified a potential double bottom pattern, with historical signals indicating strong trend reversal potential; if confirmed, it could provide momentum reaching $0.42. Additionally, some analysts describe it as a megaphone pattern, which often suggests bidirectional volatile price movement.

The current price action is similar to the explosive movement patterns seen in the past, with technical forecasters pointing to Wave 3 momentum, which could extend to the $0.45–$0.50 range after any pullback entry. CoinDCX analysis shows that in September, DOGE traded at $0.2655, and if it breaks through $0.26737 (38.2% Fibonacci), the target is $0.30564, but it needs to clear the $0.282 resistance. The short-term preference is bullish as long as it holds above $0.24, with a potential test of $0.28–$0.30.

Price Target and Prediction: Breakthrough at 0.29 USD or Reach 0.80 USD

Some technical models predict that if DOGE breaks through the long-term trend line, it could enter the $0.60–$0.70 range, relying on sustained momentum and broader market support. A more conservative target points to $0.40 if it breaks through the current resistance. Wave analysis suggests a pullback followed by an extension to $0.45–$0.50.

$0.29 is another key breakout point. According to chart analysis, a successful break above this level could trigger a rebound to $0.80 in late 2025 (based on historical pattern recognition). Current support is at $0.22–$0.24, with Whale accumulation providing underlying strength. A breakout above $0.29 could accelerate towards higher targets for the remainder of 2025.

Conclusion

The 10% surge of Dogecoin and the pullback to $0.24 highlight a key technical zone, with Whale accumulation, a double bottom pattern, and “greed” sentiment supporting the upward movement. If it holds above $0.23, it could reach $0.28 in the short term, with a long-term target of $0.45–$0.80 or even higher. The psychology of meme coins and the ETF launch enhance its potential during the optimistic phase of crypto, but a fall below support could trigger a deeper pullback to $0.22. In Q4 2025, Dogecoin's technical breakthroughs and social dynamics will determine its leap from meme to mainstream, and investors need to monitor the $0.29 threshold and market sentiment.

Disclaimer: This article is for news information only and does not constitute any investment advice. The cryptocurrency market is highly volatile, and investors should make decisions with caution.