Dogecoin’s Rounding Bottom Nears Completion: DOGE Price Eyes $1

Juhi Mirza
Dogecoin uptick
Source: Bitcoinist

As a leading cryptocurrency, Dogecoin is currently poised to explore new price horizons. The token has been witnessing a rather slow September, but new elements are now pointing towards a potential Doge price breakout. Will Dogecoin be able to score some new highs by the end of this month? Let’s find out.

Also Read: Dogecoin Falls 9.6% Amid Market Correction: What’s Going On?

Dogecoin: What’s the Update?

Dogecoin doge
Source: Bitpanda

Dogecoin has long been lingering at $0.20 to $0.25 price levels. The ETF murmurs have now started to show some effect, with Dogecoin primed to display some strength. As per Jonathan Carter, a leading cryptocurrency analyst, Dogecoin is nearing completion of its rounding bottom development on the chart. Per Carter, this is a bullish development, which can ultimately help Dogecoin score a series of new price spots.

Carter later explained how once this formation is completed, Doge price can explore breakthrough price points, including hitting $0.35, $0.45, $0.60, $0.75, and $1.

“#DOGE Rounding Bottom Near Completion. Dogecoin is finalizing the pattern on the weekly timeframe after establishing a solid base 🔍. The weekly chart structure demonstrates growing buyer confidence as the price stays above the MA 50 💁♂️. Waiting for upward momentum toward targets at $0.35, $0.45, $0.60, $0.75, and $1.00🚀.”

Carter later shared how the token is demonstrating a strong buyer confidence, fueling its price surge prospects up a notch.

Monthly Statistics Of The Asset

As per CoinCodex DOGE data, Doge price is now aiming for a 16% surge, targeting a new price mark of $0.31 by the end of this month to mid-October.

DOGE STATS
Source: CoinCodex

“According to our current Dogecoin price prediction, the price of Dogecoin is predicted to rise by 15.86% and reach $0.31057 by October 16, 2025. Per our technical indicators, the current sentiment is bullish, while the Fear & Greed Index is showing 53 (neutral). Dogecoin recorded 16/30 (53%) green days with 9.02% price volatility over the last 30 days. Based on the Dogecoin forecast, it’s now a good time to buy Dogecoin.”

Also Read: Dogecoin Price: Golden Cross Emerges as DOGE Climbs 24%