- Dogecoin is finalizing a rounding bottom pattern, a bullish structure often leading to major rallies.
- Analyst Jonathan Carter sees upside targets at $0.35, $0.45, $0.60, $0.75, and $1.
- CoinCodex forecasts a short-term rise to $0.31 by mid-October, with technicals leaning bullish.
Dogecoin (DOGE) might finally be preparing for its long-awaited breakout. After a sluggish September that kept the memecoin stuck between $0.20 and $0.25, fresh signals are pointing toward a potential price rally. With ETF buzz heating up and technical patterns flashing bullish, many traders are now asking the same question: could Dogecoin hit $1 before the cycle ends?
Chart Signals Point to Breakout Momentum
According to crypto analyst Jonathan Carter, Dogecoin’s weekly chart is finalizing a rounding bottom formation—a classic reversal pattern that often precedes big upside moves. Carter explained that once complete, DOGE could unlock a wave of momentum, pushing prices toward key targets at $0.35, $0.45, $0.60, $0.75, and even $1.
“The weekly structure shows growing buyer confidence,” Carter said, pointing out that DOGE has managed to hold above the 50-day moving average (MA50). If upward momentum confirms, Dogecoin could be setting the stage for one of its strongest runs in years.
Market Sentiment and Short-Term Targets
Fresh data from CoinCodex backs up this bullish view. Their forecast predicts Dogecoin will rise 15.8% to about $0.31 by October 16, 2025, with technical indicators signaling a bullish bias. Interestingly, DOGE has posted 16 green days out of the last 30, showing steady accumulation despite recent volatility.
The Fear & Greed Index currently sits at 53, indicating neutral sentiment. This balance between caution and optimism could give DOGE the breathing room needed for a healthier rally, instead of a quick speculative spike.
Why This Setup Feels Different
DOGE has already gained mainstream traction in past cycles, but this time the backdrop includes growing ETF speculation, institutional participation, and wider memecoin adoption on major networks like Solana. Unlike its earlier retail-driven runs, Dogecoin may now have stronger structural support to push higher.
Still, traders should remember memecoins move fast in both directions. If momentum stalls, sharp pullbacks remain likely. But if the rounding bottom plays out as expected, DOGE’s road to $1 may finally be within reach.
