Doge's recent price drop may present a favorable purchasing chance.
Dogecoin, the popular meme-inspired cryptocurrency, has experienced a dip in its dogecoin price recently, but analysts and influencers remain optimistic about its potential for a significant breakout. Despite the risks, the viral appeal and dedicated community of dogecoin could turn this dip into the spark for its next big rise.
The recent trend in dogecoin's price shows a dip below $0.18, falling over 9% from $0.20, trading around $0.175. However, this downturn has not dampened the spirits of dogecoin enthusiasts, as the trading volume surged 18% on Binance, indicating a strong interest in the cryptocurrency.
One of the factors fueling this optimism is the potential approval of a dogecoin ETF. Analysts estimate a 51% chance of SEC approval in 2025, which could boost legitimacy, liquidity, and price momentum for dogecoin. The launch of the first dogecoin ETF in the U.S. on September 11, 2025, is a significant event that some experts believe could propel dogecoin's price to new heights.
Experts like Javon Marks and Cantonese Cat suggest that dogecoin has a pattern, long periods of consolidation followed by explosive rallies, and they believe this dip might be setting the stage for another big breakout. On the other hand, prominent analysts hold mixed views. Some warn of a significant price drop to $0.02–0.05 due to declining interest, regulatory risks, and technical weaknesses, while others see a neutral sideways range around $0.05–0.10 with stable but unspectacular performance.
In addition to the ETF potential, dogecoin's recent integration with Coinbase's Base network means it can now be used in Decentralised Finance (DeFi). This integration could open up new opportunities for dogecoin and contribute to its long-term growth.
Technical indicators also point towards a potential recovery for dogecoin. The bullish RSI divergence at 40 suggests that momentum could swing upward soon. On-chain data, like the NVTS metric, hints that dogecoin might be undervalued right now, potentially a buying opportunity for investors.
However, the market is closely watching Bitcoin's recovery, as dogecoin tends to move in sync with BTC, showing a 0.75 correlation. The recent disagreement between Donald Trump and Elon Musk has decreased excitement around meme coins, including DOGE. This negative sentiment could potentially affect dogecoin's price in the short term.
Despite these challenges, there hasn't been any major breaking news about the doge price lately, but influencers are pointing to dogecoin's ETF potential and its integration into DeFi as signs of a possible breakout. With the Fear & Greed Index at 61 (Greed), and dogecoin having climbed 15.6% over the past week, it seems that the dogecoin community remains resilient and optimistic about the future of their favourite meme coin.
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