Dogecoin price dropped 9% to $0.26 amid a broader crypto selloff, but analysts view the pullback as a buy-the-dip opportunity.
Amid the broader crypto market selloff, Dogecoin DOGE $0.19 24h volatility: 2.7% Market cap: $28.24 B Vol. 24h: $2.12 B price has tanked 9% on Sept. 15, slipping to the lows of $0.26. Today’s pullback comes following the DOGE rally to $0.31 last week, amid much hype surrounding the DOGE ETF launch by Rex-Osprey. Market analysts stated that this correction is an opportunity to buy the dips.
Dogecoin Price Could Prepare for a 7x Rally
Following today’s correction, Dogecoin price has seen a pullback to $0.26. Market analysts believe that the bullish pattern formation is still intact. Popular crypto analyst Trader Tardigrade noted that DOGE could be heading for a 7x rally ahead, all the way to $7.
The analyst further added that DOGE has confirmed a breakout from a long-term triangle pattern on the weekly chart. He noted that the setup offers a rare 1:29 risk-to-reward ratio, with the potential to push DOGE toward $1.70.
$Doge/weekly#Dogecoin's weekly candle closes, confirming a breakout on a triangle pattern.
This offerss a 1:29 risk-to-reward trading opportunity, potentially sending $Doge to $1.7 🔥 https://t.co/i4eQMjJEfS pic.twitter.com/gWQTUk97Pn— Trader Tardigrade (@TATrader_Alan) September 15, 2025
Although the Rex-Osprey DOGE ETF launch created much hype last week, it faced a delay by another week. This would coincide with the announcement of the much-anticipated Fed rate cuts this week, as Fed chair Jerome Powell is likely to pivot the monetary policy to quantitative easing.
Crypto analyst Bitcoinconsensus also suggested that Dogecoin price could be on the verge of a significant move this week. He added that the launch of the first-ever meme coin exchange-traded fund would serve as a major catalyst.
According to the analyst, the new product could attract substantial inflows of fresh capital into DOGE, similar to the surge seen in Bitcoin BTC $110 408 24h volatility: 2.4% Market cap: $2.20 T Vol. 24h: $65.12 B and Ethereum ETH $3 862 24h volatility: 2.1% Market cap: $466.16 B Vol. 24h: $36.08 B following their ETF debuts. Citing a logarithmic uptrend chart pattern for DOGE, the analyst believes that the meme coin could rally all the way to $1.40.
Big Move Coming for $DOGE ? 💣
This week is a massive one for #Dogecoin, as we are getting the first ever meme coin ETF. 🔥
This could trigger a massive influx of fresh capital into $DOGE just like we saw on $BTC and $ETH.
Next potential target : 1.40$ 📈 pic.twitter.com/qXk81qYyAQ
— Bitcoinsensus (@Bitcoinsensus) September 14, 2025
DOGE Open Interest Jumps to $6 Billion
Meme coin DOGE is also showing strength in the derivatives market as the open interest (OI) jumped to $6 billion. As per the Coinglass data, this is the highest OI after December 2024 levels.
DOGE futures open interest surge | Source: Coinglass
An increase in open interest alongside price typically indicates bullish momentum. It shows traders are allocating more capital to new positions rather than closing existing ones. The rising open interest could lead to further boost in daily trading volume, driving the Dogecoin price even higher.
next