Dogecoin Breaks Out After Double Bottom Near $0.21, Analysts Report Strong Momentum Ahead

• Dogecoin breaks out after $0.21 double bottom, reaching $0.2789 with strong buyer control.
• Dogecoin ETF launches September 18, 2025, boosting institutional access and investor confidence.
• Analysts project DOGE could climb toward $0.99 by late October 2025 if momentum continues.

Dogecoin (DOGE) is showing strong bullish momentum, breaking out after a double bottom formation near $0.21 and pushing sharply higher. With the breakout past key resistance levels, price is now trading around $0.2789, signaling strong buyer dominance and potential continuation upward in the coming sessions.

Market Structure and Technical Outlook

According to an analysis prepared by BitGuru via X, DOGE formed a double bottom pattern near $0.21 on September 1. This structure created strong support and triggered a shift in momentum, leading to steady upward movement in the following days. After September 7, demand strengthened, creating higher lows while breaking successive resistance levels.

DOGE cleared the $0.23 resistance zone and later surpassed $0.25, supported by strong volume and sustained buying pressure. Price reached $0.2789 after consecutive bullish sessions with minimal pullbacks, showing buyers remained in full control. 

The four-hour chart confirms a clear bullish breakout, with price maintaining a pattern of higher highs and higher lows. The latest data from DeFiLlama shows Dogecoin’s Total Value Locked (TVL) in decentralized finance stands at $25.88 million. TVL increased by 1.75% in the past 24 hours, supported by chain fees and revenue of $5,415 each.

ETF Launch and Broader Market Context

According to Bloomberg analyst Eric Balchunas, the first-ever Dogecoin ETF (DOJE) will launch on September 18, 2025. The product will provide institutional investors access through traditional platforms, making Dogecoin the first meme cryptocurrency to achieve a dedicated ETF listing in the United States.

News of the ETF has already lifted DOGE price by 13% to 17% after the official announcement. Analysts expect more inflows as institutional traders adopt exposure to Dogecoin through brokerage accounts. Master Kenobi via X added that DOGE could reach $0.99 by late October 2025 if momentum continues.

The rise in price of Dogecoin is associated with an increase in risk appetite in the crypto markets as investors seek alternatives in a changing economic environment in the United States. With technical support near $0.27 and institutional adoption expanding, DOGE maintains strong momentum for further upward continuation.