Despite the correction, DOGE trading volume has climbed 18% as on September 25th, blockchain tracker Whale Alert reported that 122,396,439 DOGE (worth $28.5 million at the time) were withdrawn from Binance.
Such whale activity is often interpreted as a signal of accumulation, hinting that smart money may be positioning for an upcoming move.
$Doge /weekly #Dogecoin has completed the RETEST on a Symmetrical Triangle ✅
Ready for the next surge 🚀 pic.twitter.com/0gEfZ7ACE5— Trader Tardigrade (@TATrader_Alan) September 25, 2025
DOGE Price Analysis: What’s Next?
The daily chart shows DOGE consolidating within a rising wedge pattern before breaking lower.
At present, the token is testing support near $0.22, a zone that has held repeatedly throughout the year.
With the RSI currently hovering around 40, bearish momentum prevails as prices near oversold conditions. However, this is where reversals often occur despite the MACD displaying a bearish crossover with downside momentum.
The distance between the MACD and signal lines remains narrow, leaving room for a quick shift if bullish volume returns.
Source: TradingView
Rally Toward $1 or Deeper Correction?
If DOGE manages to defend the $0.22 support and reclaim the wedge resistance around $0.27, bullish momentum could accelerate.
The chart outlines a potential trajectory where a breakout sends DOGE surging first to $0.35, followed by $0.55, before ultimately retesting its all-time high near $0.70.
A stretch target of $0.77–$1 is possible if market sentiment flips risk-on heading into year-end.
However, failure to hold the $0.22 support opens the door to a deeper correction with downside targets at $0.18 and $0.14, levels where buyers previously defended DOGE during past sell-offs.
A full breakdown could push DOGE as low as $0.08, which would represent a 36% decline from current levels.
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