Original

Dogecoin (DOGE) faces a key support test, with analysts warning of a potential drop to $0.19.

This article is machine translated
Show original

September 6, 2025 - Dogecoin (DOGE) has recently been trading below $0.225, failing to break through key resistance despite significant whale accumulation and strong community support. Technical analysts warn that a break below the key support level of $0.22 could trigger a 10-15% drop, taking DOGE to $0.19. Meanwhile, market attention is shifting to altcoin projects with real-world applications, such as Remittix (RTX), which has demonstrated 3,000% growth potential thanks to its payment infrastructure and utility milestones. Notably, Bloomberg ETF analyst Eric Balchunas suggests that the long-awaited Dogecoin ETF could debut in the US as early as next week. REX Shares has filed an effective disclosure statement under the Investment Company Act of 1940, bypassing the traditional SEC approval process. With the current DOGE price at 0.21761000 USDT, market dynamics indicate a clear divergence between speculative assets and projects with real-world applications. This shift in trend is reshaping the cryptocurrency market as investors increasingly focus on the fundamental value proposition of the altcoin sector.

Dogecoin Stalls, Viral Altcoin Remittix Gains Attention

Dogecoin (DOGE) prices continue to range-bound below $0.225, failing to break through key resistance despite significant whale investment and strong community support. Technical analysts warn that a break of the key support level of $0.22 could trigger a 10-15% drop, pushing DOGE towards $0.19.

Meanwhile, Remittix (RTX) has garnered new market attention with its projected 3,000% growth potential. Unlike the meme-driven DOGE, RTX focuses on real-world payment infrastructure and practical application milestones. This utility-oriented altcoin stands in stark contrast to Dogecoin's reliance on nostalgia and social media momentum.

Market dynamics show a clear divergence between speculative assets and projects with real use cases. As DOGE continues to search for direction, Remittix's viral growth highlights a shift in investors' focus on fundamental value propositions in the altcoin space.

The first Dogecoin ETF may launch in the U.S. next week, Bloomberg analysts say

Bloomberg ETF analyst Eric Balchunas suggests the long-awaited Dogecoin ETF could debut as early as next week. REX Shares has filed an effective prospectus under the Investment Company Act of 1940, bypassing the traditional SEC approval process. This regulatory circumvention strategy puts DOGE in a good position to become the first meme-inspired cryptocurrency to be directly listed on an ETF.

The proposed Dogecoin ETF, $SSK, adopts the structure of REX's previous Solana staking ETF. While other issuers are still awaiting SEC approval, this 40-Act strategy accelerates market entry. Analysts note that if the Dogecoin ETF is successful, competing meme tokens such as TRUMP, TenRP, and Bonk may follow suit.

Today's Best $100 Crypto Investments: Tapzi Emerges as a Potential GameFi Competitor

The cryptocurrency market has long rewarded early adopters, from the days of Bitcoin under $100 to the legendary Dogecoin presale that created millionaires. Now, Tapzi, entering the market with a sub-cent presale price, represents an emerging GameFi project offering a potentially high-growth opportunity for investors with limited funds.

The project differentiates itself through limited supply and claims of real-world application value in the gaming space. Market observers point to similarities with DOGE’s early trajectory, though Tapzi’s success hinges on its technological differentiation in delivering on its promises.

September 2025 becomes a key time point for evaluating Tapzi’s market performance, as the project currently boasts of providing an easy entry point for retail investors seeking asymmetric opportunities.

Dogecoin's symmetrical triangle pattern signals a key turning point, and traders are on high alert.

Dogecoin (DOGE) is currently hovering at $0.216, trapped within a narrowing symmetrical triangle pattern that could determine its next significant move. The memecoin 's 4-hour chart shows declining volume and flattening lows—a classic sign of consolidation. A break below $0.2076 on heavy volume could trigger a chain reaction, pushing the price down to $0.19. The $0.1717-0.1624 area would be the ultimate bear market target.

Paradoxically, Dogecoin 's weekly chart has formed a bullish megaphone pattern from its 2022 base. Historical precedent suggests a repeat of gains of 290%-440%, and geometric projections suggest a potential 740% surge to $1.00-1.40 if support holds. The market capitalization, firmly at $32.5 billion—approaching the $33 billion turning point—adds credence to the upside argument.

Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
Like
Add to Favorites
Comments