Dogecoin ($DOGE) Price Dips to $0.25, But Key Signals Hint at Potential for a Bullish Breakout 

Dogecoin (DOGE), the world’s largest memecoin by market capitalization, has had a really choppy week. Its price rose nearly 7% over the past seven days, but all those gains were wiped out as the token’s price declined by 8.42% in 24 hours.

This pullback aligned with the cooldown across the broader crypto market, but DOGE’s setup looks slightly different. Since mid-September, the token has shown uneven momentum, finding support near the $0.22 level, and then rebounding into the $0.26 region.

However, each rally was met with a dominant sell pressure, causing the price to fall back almost as quickly as it rose, because sellers continue to reassert control on the market, making it difficult for the memecoin to sustain upward momentum.

On-chain and chart data show a mix of accumulation and selling risks. While short-term weakness remains, there are hidden bullish signals that suggest a pullback may be cooling off.

Institutional and Whale Wallet Accumulation of DOGE Increases, Strengthening the Memecoin’s Bullish Prospects

Institutional interest has become a key factor in helping Dogecoin regain its lost momentum. CleanCore Solutions, a NYSE-listed company focused on environmental cleaning and disinfection practices, announced that it has bought 710 million DOGE, worth $177.29 million at the current rate, as part of its digital asset treasury strategy. They plan to continue accumulating until hitting the 1 billion DOGE target.

Two other companies have made similar acquisitions, namely California-based social media marketing and advertising agency Thumzup Media and crypto mining firm Bit Origin.

According to the latest available data, Thumzup Media holds approximately 7.5 million DOGE ($1.86 million), as part of its $250 million crypto treasury plan. Meanwhile, Bit Origin has expanded its Dogecoin treasury to 70.5 million coins, positioning the world’s eighth-largest cryptocurrency as a key strategic reserve asset.

At the beginning of October, whale wallets held 24.20 billion DOGE, worth roughly $6.03 billion. This figure has risen by around $32 million to 24.33 billion DOGE in less than a week. This level of accumulation by wallets holding between 10 million and 100 million coins serves as a support for the price, especially during volatile swings.

SEC’s Updated Listing Guidelines Could Result in Multiple Spot Dogecoin ETFs Being Approved in the Coming Months

The buzz surrounding U.S.-listed spot Dogecoin exchange-traded funds (ETFs) is another positive catalyst for a price recovery. The REX-Osprey DOGE ETF (DOJE), the first and currently the only fund offering exposure to Dogecoin, launched on September 18, is already drawing significant institutional attention. At press time, the ETF has $25.71 million in assets under management (AUM).

The U.S. Securities and Exchange Commission (SEC) recently updated its generic listing standards for crypto ETFs, doing away with case-by-case filing from both the issuer and the exchange where the product will be listed, and reducing the approval timeline from 6-8 months to 75 days. There are three other Dogecoin ETF applications currently under review by the agency, with varying timelines and filing strategies, from Bitwise, Grayscale, and 21Shares.

Friendlier regulations and ongoing communications between issuers and the SEC are driving approval hopes for Dogecoin-backed funds, which would improve the cryptocurrency’s credibility, transforming it from a memecoin to a strategic investment asset.

Rising Exchange Balance May Trigger Price Corrections If DOGE Loses Key Support Level

According to data from Glassnode, exchange balances for DOGE have reached 17.7% of its circulating supply, closing in on the multi-year high recorded on September 20. Historically, such a rise in exchange balances has often preceded notable price corrections for DOGE. When the metric hit 15.57% in April 2024, Dogecoin suffered a 55% price drop in the following months. A similar pattern was observed following a 17.1% spike in exchange balance in December 2024, which led to a 65% decline by April 2025.

This means that a large portion of Dogecoin’s supply remains on exchanges, which are coins that are ready to be sold. While whales are absorbing some of these DOGE, traders seem prepared to take profits once its price rises or exit if it declines significantly.

The contrast between whale accumulation and elevated exchange balances reflects the tug-of-war situation between investor confidence and caution. This is the risk that is possibly keeping DOGE’s lower price levels in play despite the supposed exhaustion of a pullback. DOGE’s long-term chart shows that it is still holding an upward trend despite recent weakness. Its price has been forming higher lows since June, creating a clear ascending support line that now sits around $0.23. As long as DOGE stays above this level, the broader uptrend remains intact.

The next resistance zone for DOGE is near $0.29, a level that has capped recent rallies. A decisive breakout is needed for the coin to get past this mark and push toward $0.32, potentially even higher if overall market momentum strengthens.

On the downside, if DOGE breaks below $0.23, then that would mean it loses the current bullish trend structure, inviting further sell pressure. This could result in DOGE’s price sliding back toward $0.20 or even retest lower supports near $0.18, where the previous accumulation took place.

Also Read: Will Dogecoin Reach $1?: Price Prediction for 2025–2030

At the time of writing, Dogecoin (DOGE) is trading at $0.2498, down 4.37% in the last 24 hours.

For a more detailed analysis and expert insights, explore our full Dogecoin Price Prediction for October 2025