Sep 15, 2025
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Dogecoin Price Drops 9% Amid Market Selloff, Analysts Suggest Buying
Dogecoin (DOGE) experienced a 9% price drop on Sept. 15, hitting $0.26 after previously rallying to $0.31 due to anticipation around the DOGE ETF by Rex-Osprey. Analysts view this as a buying opportunity.
Potential for Dogecoin Rally
- Despite the recent dip, analysts suggest a bullish pattern remains, predicting a potential 7x rally to $7.
- Trader Tardigrade notes a breakout from a long-term triangle pattern, suggesting a 1:29 risk-to-reward ratio with potential movement toward $1.70.
- The DOGE ETF launch is delayed by a week, coinciding with expected Fed rate cuts and possible monetary policy shifts.
- Analyst Bitcoinconsensus suggests the ETF could attract significant investment, paralleling past BTC and ETH ETF impacts, with projections up to $1.40.
$DOGE/weekly #Dogecoin's weekly candle closes, confirming a breakout on a triangle pattern. This offers a 1:29 risk-to-reward trading opportunity, potentially sending $DOGE to $1.7 🔥
Derivatives Market Activity
- DOGE's open interest in the derivatives market has surged to $6 billion, its highest since December 2024.
- This increase in open interest typically signals bullish momentum as traders allocate more capital to new positions.
- Higher open interest could further boost daily trading volume and drive DOGE prices higher.
