Analyst Predicts Dogecoin Price Surge as DOGE ETF AUM Hits $20M

Dogecoin price crashed to an important support level as the crypto market pulled back. This crash could be brief as one analyst predicts that it will go parabolic in October as the recently-launched DOJE ETF inflows gains steam.

Dogecoin Price Technical Analysis Points to a Rebound

The daily timeframe chart shows that the Dogecoin price has been in an uptrend in the past few months. It has formed a series of higher highs and higher lows, creating an ascending channel. 

DOGE has recently dropped to the lower side of this channel. This price coincided with the 100-day Exponential Moving Average (EMA) and the top of the trading range of the Murrey Math Lines tool.

The coin has always rebounded by double-digits whenever it dropped to this support level. For example, it rose by over 100% when it moved to this support in June and by 50% when it crashed to the level in September. 

Therefore, the most likely DOGE price forecast 2025 is bullish, with the next key resistance being at $0.3173. This price coincides with the overshoot level of the Murrey Math Lines tool. It is about 40% above the current level. 

The risk, however, is that the spread between the two trendlines is narrowing. That is a sign that it is forming a rising wedge pattern, which often leads to a strong bearish breakout. This breakout will happen after it retests the upper side one or two times. 

A drop below the ascending trendline will invalidate the bullish Dogecoin price prediction and lead to more downside.

Analyst is Bullish on DOGE Price as DOJE ETF Inflows Jump

Crypto analysts are bullish on the Dogecoin price. In an X post, one anonymous analyst with over 30k followers showcased the chart below. 

This ten-day chart shows that the coin has formed a cup-and-handle pattern, which may lead to a surge to $1 eventually. Such a move will be a 338% surge from the current level. 

One potential catalyst for the DOGE price is that the recently launched Rex-Osprey ETF has had inflows in all days since its launch earlier this month. These inflows have now crossed the important milestone at $20 million.

The ongoing DOJE ETF inflows is a sign that there is demand for the coin from American investors. It is also a sign that the mainstream DOGE ETFs that will likely be launched in October will have substantial inflows. 

This will, in turn, lead to more demand from investors and boost its price. For example, Ethereum and Bitcoin prices have soared to record highs after their ETF approvals.