Dogecoin Price Prediction: Can DOGE Break $0.28 After ETF Approval?

• Dogecoin price holds $0.25–$0.26 support after pullback from $0.30 resistance.
• First U.S. Dogecoin ETF set to launch, raising expectations for institutional inflows.
• Whale treasury purchases and $15.1M outflows highlight growing accumulation trend.

Dogecoin price today is trading near $0.265, slipping after last week’s breakout above $0.30. Sellers capped the rally just below the long-term descending trendline, leaving buyers defending support at $0.26–$0.25. The key question is whether fresh catalysts like the upcoming U.S. Dogecoin ETF and whale accumulation can reignite upside momentum.

Dogecoin Price Holds Breakout Support

The daily chart shows DOGE breaking above a year-long descending triangle earlier this month, with price briefly surging toward $0.31 before retracing. Current support rests at the cluster of moving averages between $0.25 and $0.24, aligned with the 20- and 50-EMAs.

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If DOGE loses this band, deeper downside toward the $0.22 and $0.21 levels could open up. On the upside, reclaiming $0.28 is critical to challenge the $0.30 resistance and potentially extend toward $0.34. Momentum is neutral, with the Supertrend still flashing support but RSI cooling from overbought levels.

First U.S. Dogecoin ETF Sparks Market Excitement

A major catalyst is on deck with the first-ever U.S. Dogecoin ETF (DOJE) scheduled to begin trading tomorrow. The development mirrors previous ETF approvals that triggered sharp inflows for Bitcoin and Ethereum, and analysts argue it could act as the next demand shock for DOGE.

ETF listings often enhance institutional access and liquidity, giving DOGE new visibility within traditional finance. However, markets tend to price in such headlines early, which raises the risk of a “buy the rumor, sell the news” scenario if inflows underwhelm initial expectations.

Whale Accumulation Adds To Bullish Case

In parallel, whale activity has intensified. Data confirmed that CleanCore Solutions purchased another 100 million DOGE, pushing its total treasury above 600 million tokens. Strategic corporate purchases add credibility to Dogecoin as a long-term treasury asset and may inspire copycat allocations among other institutions.

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Such whale buys also provide a psychological backstop for retail traders, reinforcing the view that $0.25–$0.26 could serve as a strong accumulation zone ahead of the ETF launch.

On-Chain Flows Signal Supply Drain

Exchange data shows DOGE recorded $15.1 million in net outflows on September 17, suggesting that investors are moving coins into self-custody rather than preparing to sell. This continues a broader trend of negative netflows since August, reflecting steady accumulation.

Open interest in derivatives has stabilized, pointing to cautious positioning rather than aggressive speculation. While this reduces immediate volatility risk, it also means sustained ETF-driven inflows will be needed to ignite a strong upside move.

Technical Outlook For Dogecoin Price

The short-term Dogecoin price prediction hinges on whether buyers can defend support and retake resistance:

• Upside levels: $0.28, $0.30, and $0.34.
• Downside levels: $0.25, $0.22, and $0.21.
• Trend support: $0.19 remains the final defense zone in case of deeper pullback.
  

Outlook: Will Dogecoin Go Up?

Dogecoin’s trajectory now rests on the ETF debut and continued whale activity. On-chain flows suggest supply pressure is easing, and CleanCore’s accumulation adds to the bullish narrative.

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If DOGE clears $0.28 with conviction, a retest of $0.30–$0.34 appears likely. Failure to defend $0.25, however, could delay the bullish setup and bring $0.22 back into focus. For now, DOGE remains at a pivotal juncture, with tomorrow’s ETF launch likely to determine the next decisive move.