Dogecoin (DOGE) Price is on the Move—Here’s Why $0.5 Could be the Next Target

Dogecoin (DOGE) price is showing renewed strength as the broader crypto market gains momentum, sparking discussions about its next major price target. After a period of sideways trading, DOGE has started moving higher, with analysts pointing to improving technical patterns and growing market participation. Speculation around the potential launch of a Dogecoin ETF has also added to the optimism, raising expectations of greater institutional involvement. If these factors align, DOGE could be poised to challenge the $0.50 level, a milestone that traders see as its next key resistance.

Is the Dogecoin ETF Happening This Week?

Speculation around a Dogecoin ETF has intensified this week as investors await clarity on whether the much-anticipated product will finally debut. Market chatter suggests the fund could go live soon, following in the footsteps of Bitcoin and Ethereum ETFs that unlocked new levels of institutional adoption. Analysts argue that the introduction of a DOGE ETF would be a game-changer, providing traditional investors with regulated exposure to the popular meme coin without the need for direct custody. 

This development is seen as a potential catalyst for higher liquidity, broader market participation, and increased mainstream credibility for Dogecoin. While no official confirmation has been made, the prospect of an ETF launch is already fueling bullish sentiment, with traders eyeing $0.50 as the next psychological target. Whether or not it arrives this week, the possibility of a Dogecoin ETF highlights the growing trend of meme coins entering the institutional investment landscape.

Will This Lead the DOGE Price Rally Beyond $0.5?

Following the monstrous rally during the fourth quarter of 2024, the DOGE price has been under significant upward pressure. The trend reversed in April 2025, when the price recovered from its lows, and the current chart pattern suggests that the rally may extend beyond $0.5. To do so, the price is required to clear an important barrier that the bulls have been failing to break since the start of the year. The question now arises: with average volume, can the bulls spark a run?

As seen in the above chart, the DOGE price has broken the descending trend line, which has been a strong resistance since the last week of July. The resistance zone between $0.24 and $0.25 has been restricting the rally since the beginning, and hence, breaking the zone with a strong volume may only validate the start of a fresh upswing. 

The MACD shows a rise in the buying pressure after sustaining a month-long bearish pressure, while the CMF is attempting to rise above 0. This suggests the money flow is positive, which could lead the levels towards the pivotal zone if CMF remains incremental. However, this is just a step higher, as the real target lies at the main ascending trend line, and a rise from $0.33 to $0.35 could trigger a fresh bullish wave. 

Therefore, the Dogecoin (DOGE) price prediction for September is bullish, as the probability of rising above $0.25 is higher.