#DOGE DOGE has recently shown certain pump potential, mainly based on the following factors:

- Technical breakout exceeds expectations: Analyst Ali Martinez pointed out that DOGE is retesting the upper line of the "parallel channel," with the current price around $0.265 and upper line resistance at $0.29. If it successfully breaks through, according to the height of the channel, DOGE could rise to $0.36 or even $0.45, corresponding to increases of 35.8% and 69.8%, respectively.
- Large whale accumulation: On-chain data shows that medium-sized whales holding 1 million to 10 million DOGE have recently added 158 million coins, with total holdings exceeding 11 billion coins. This accumulation pattern is similar to January 2025, after which a price rebound occurred. The significant buying by whales indicates their optimistic attitude towards the future price of DOGE and injects confidence into the market.
- ETF Boom Assistance: The REX-Osprey DOGE ETF (DOJE) was listed on September 18, with a first-day trading volume of $17 million, ranking among the top five ETF launches of 2025, highlighting the institutional appeal of meme coins. Additionally, the XRP ETF had a first-day trading volume of $38 million, and the ETH ETF saw an inflow of $213 million in a single day, indicating strong demand for cryptocurrency spot products, which may provide a spillover effect for DOGE.
- Celebrity effect influence: Elon Musk has always been an important supporter of DOGE, and his statements and related dynamics often trigger fluctuations in DOGE's price. The payment feature "X Money" led by Musk's X platform is about to launch, and the industry speculates that it may support DOGE payments. If true, DOGE is expected to become the core of cryptocurrency payments, attracting more investor attention and capital inflow.
- Market expectations are optimistic: Some analysts are relatively positive about the price trend of DOGE. For example, Javon Marks believes that if DOGE maintains its growth momentum, it may break through $0.6533, rising over 111% from current levels. CoinCodex data also indicates that this is a good buying opportunity, with a potential acceleration in the rise in October.