The Dogecoin (DOGE) meme coin cryptocurrency is up over 24% in one week, with a golden cross pattern emerging on its price chart. DOGE ETF approval rumors have taken the community by storm, fueling a transfer activity hike as investors quickly buy in. Typically, a Golden cross pattern emerges when the short-term moving average price of a cryptocurrency crosses over the long-term MA.
A Golden Cross often paints a bullish picture, fueling optimism of a surge ahead. The emergence of the pattern invalidated a potential death cross, which appeared on the four-hour chart at the close of August, following which Dogecoin’s price saw a period of poor trading. Thus, August’s DOGE dip was quickly reversed in September, rallying alongside several top altcoins like Solana SOL.
In addition, a DOGE ETF launch could lead to a massive spike in institutional interest for Dogecoin (DOGE), and is fueling the recent rally. It will mark the first instance of a memecoin ETF for the US market. Bitcoin (BTC) and Ethereum (ETH) have seen substantial inflows for their ETF products from financial institutions. Both BTC and ETH have hit new all-time highs in 2025, fuelled by consistent ETF inflows. A similar pattern may emerge for DOGE as well.
Also Read: Dogecoin Turns Bullish With 16% Rally: Next $0.40 Post Rate Cut?
According to CoinCodex’s analysis, Dogecoin (DOGE) will continue its rally over the coming weeks. The platform anticipates the memecoin to hit $0.321 on Oct. 6, 2025. DOGE’s price will rally by 27.89% if it hits the $0.321 target. CoinCodex does not anticipate DOGE’s price to hold at the $0.32 level, predicting a correction after hitting the target.
While CoinCodex does not expect Dogecoin (DOGE) to hit $0.40 just yet, there is a possibility that the memecoin will pick up more steam than the platform anticipates. There is a DOGE ETF set to debut soon, which could lead to a surge in institutional interest. Such a development could lead to DOGE’s price going beyond the $0.40 mark.
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