Massive Dogecoin Upside? Analyst Eye 111% DOGE Breakout Despite Heavy Selling

Dogecoin (DOGE) has surged 13% this week, climbing to $0.282, despite heavy selling pressure from ￰0￱ $1.63 billion worth of DOGE, nearly 5.81 billion tokens, have been moved to exchanges in September, signaling profit-taking and caution among ￰1￱ Reading: From $2 Trillion To $400T? CEO Sees Bitcoin Exploding 200x – Here’s More Long-term holders, who had previously offered stability, are also shifting assets according to the coin days destroyed (CDD) metric, often a sign of potential downside risk. However, the bullish rally remains strong, mainly driven by optimism about a possible spot Dogecoin ETF ￰2￱ regulatory milestone, along with increasing corporate treasury use and payment integrations, has kept DOGE on the minds of institutional ￰3￱ Setup Points to Potential DOGE Breakout Despite mixed short-term signals, technical analysts remain ￰4￱ Ichimoku Cloud setup shows all four major indicators aligned in favor of buyers, giving DOGE a “perfect +4” bullish ￰5￱ levels sit near $0.255, with resistance forming at $0.287.

A decisive break above could push DOGE toward $0.300 and ￰6￱ Tardigrade highlighted that Dogecoin’s consolidation pattern is steadily building ￰7￱ resistance test has been met with higher lows, suggesting waning selling pressure. “Eventually, DOGE will break this resistance and reach new all-time highs,” he noted. Meanwhile, analyst Javon Marks set a breakout target of $0.6533, implying a 111% upside from current ￰8￱ forecasts also predict DOGE will trade at $0.32 by mid-October, reflecting continued bullish sentiment. DOGE's price trends to the upside on the daily chart.