Dogecoin News Today: Dogecoin Defies Crypto Slump, Eyes $0.24–$0.28 Breakout

DOGE Could Extend Gains After Closing Above $0.2350, May Target $0.24 to $0.28 on September 8, 2025, as recent price movements indicate potential upward momentum for Dogecoin. The cryptocurrency closed above the $0.2350 threshold, sparking optimism among traders and analysts who suggest that the next price range could extend to between $0.24 and $0.28. This comes amid broader volatility in the crypto market, with Dogecoin’s performance contrasting against declines in some of its major counterparts.

On September 8, Dogecoin traded at $0.22, with a market capitalization of approximately $1.56 billion and a circulating supply of around 150.79 billion coins [1]. While the price dipped slightly by 0.21% in the 24-hour period, its relative performance in the broader crypto market has been resilient. For instance, Dogecoin’s price in Bitcoin (DOGE/BTC) stood at BTC0.052004, representing a 2.5% increase compared to the previous day [2]. The DOGE/BTC pair has seen a 21.4% rise over the last 30 days, outperforming the broader crypto market, which has fallen by approximately 16.8% during the same period.

The recent price action of Dogecoin aligns with broader market dynamics. For example, Bitcoin (BTC) and Ethereum (ETH) have both seen declines in the 24-hour window, with BTC trading at $110,793.00 and ETH at $4,399.55, down by 0.58% and up by 0.94%, respectively [1]. These contrasting trends highlight the speculative nature of altcoins like Dogecoin, which are often driven by sentiment, social media activity, and macroeconomic factors.

Analysts have noted that Dogecoin’s price movement in the last seven days has been particularly notable. On July 21, 2025, the price of DOGE in BTC reached BTC0.00000233, a high for the week, before falling to BTC0.00000196 by July 25 [2]. This 3.4% decline over a single day indicated heightened volatility, but the subsequent rebound has brought optimism for a potential breakout above key resistance levels.

The technical outlook for DOGE suggests that if the coin can maintain its position above $0.2350, it could see renewed interest from both retail and institutional investors. Traders are closely watching for confirmation of a bullish reversal pattern, with the $0.24–$0.28 range viewed as a critical target zone. In this scenario, DOGE would likely benefit from increased liquidity, particularly as traders reallocate capital into lower-volatility altcoins that show signs of stabilization.

Moreover, market data reveals that Dogecoin’s 24-hour trading volume is approximately BTC32,624.3236, indicating active participation from traders across multiple exchanges. This volume suggests that the market is not only speculative but also shows signs of increasing institutional involvement, especially in the wake of broader crypto market corrections [2]. The high trading activity may also reflect growing interest in altcoins as investors look for opportunities to capitalize on relative outperformance.

Given the current price trends and market behavior, the coming weeks will be crucial for determining whether Dogecoin can sustain its upward trajectory. If it manages to hold above the $0.2350 level and break through the $0.24 resistance, it could attract further buying interest and potentially push toward higher levels. This scenario would not only reflect a short-term bullish trend but could also serve as a catalyst for broader altcoin recovery in a market that has seen significant declines in many other cryptocurrencies.

Source:

[1] Dogecoin Price Chart Today - Live DOGE/USD (https://goldprice.org/cryptocurrency-price/dogecoin-price)

[2] DOGE to BTC: Dogecoin Price in Bitcoin (https://www.coingecko.com/en/coins/dogecoin/btc)