Dogecoin has spiked more than 20% in a week and is up by nearly 35% this month. September has been bullish for the meme coin as investors make returns after close to six months. DOGE had mostly stagnated in price since February, delivering little to no profits to traders. The tables are now turning as the meme coin is scaling up in the charts, with analysts giving it a ‘buy’ call.
September has been nominal for Dogecoin as it surged twice in the last four years. The highest being a 13% rise in September 2024 and a 0.60% spike in the same month in 2022. The meme coin is attracting bullish sentiments in 2025 and could end the month on a better note.
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Buy Dogecoin Now: Target $0.45
Leading cryptocurrency analyst Ali Charts has painted a rosy picture for Dogecoin, giving it a strong buy call. The analyst stressed that the meme coin is in a consolidation phase and could experience a leg-up to $0.45. “Dogecoin $DOGE may consolidate for a bit, then expect the next leg up toward $0.45!” he wrote on X.
Why Would DOGE Break Out in Price?
The chart shared by Ali shows that Dogecoin is in a position to break a multi-month symmetrical triangle. It comes after the trading volume in the meme coin has almost tripled in a month. The development indicates strong buying and selling activity, which makes DOGE have a higher chance of an upside momentum. The overall momentum signals a strong bullish momentum that could propel its price in the indices.
Also Read: Dogecoin Price: Golden Cross Emerges as DOGE Climbs 24%
Dogecoin could surge by nearly 70% if Ali’s forecast turns out to be accurate. Therefore, an investment of $1,000 could turn into $1,700 if the meme coin reaches the target of $0.45. For that to happen, DOGE needs to hold on to the positive momentum for close to two weeks and a month.
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