Dogecoin Targets $1.4: Traders See Signs of Major Growth
Date: 2025-09-05 Author: Henry Casey Categories: CRYPTO PAYMENTS
According to the observations of a trader nicknamed Bitcoinsensus, the weekly DOGE chart demonstrates an “expanding megaphone” figure. The rate has already bounced off the lower boundary of this pattern, which opens up the potential for an upward movement. The history of past waves in a similar formation shows that each subsequent growth phase was stronger than the previous one, which increases expectations of a large-scale rally.
An additional boost to confidence among market participants was given by the news that CleanCore Solutions became the first public corporation to make Dogecoin the main element of its treasury reserve. For these purposes, the company attracted $175 million from institutional investors, which increased the status of the coin and its attractiveness in the eyes of major players.
Another analyst, who goes by the pseudonym ChartMonkey, also expressed optimism and set the nearest target for DOGE at $1.15, based on the Fibonacci extension.
The situation on the daily chart indicates consolidation of the rate within a symmetrical triangle. The key mark for a breakout is at $0.225. When going beyond the upper border of the figure, analysts predict an increase in quotes to $0.37.
A serious catalyst for demand could be the launch of a spot ETF on Dogecoin. According to Polymarket forecasts, the probability of its approval in 2025 is estimated at 79%. Such an event can attract a new flow of institutional capital and further strengthen the coin's position in the market.
However, at the time of publication, the cost of DOGE is $0.21, which is 1.4% lower than the previous day. Despite the temporary decline, interest in “meme coins” is growing noticeably: since the beginning of September, an increase in search queries for such tokens in Google has been recorded.
Thus, technical indicators, corporate investments and expectations of regulatory decisions form a favorable background for Dogecoin. If current trends continue, the meme coin has every chance of reaching new heights and approaching the long-awaited $1.4 mark.
