Is DOGE still expected to big pump? Analysts say it won't truly To da moon until it breaks 0.29 USD.

As the entire Crypto Assets market endures selling pressure, DOGE has fallen over 5.6% in the past 24 hours, temporarily reporting at 0.26 USD on September 16. However, crypto analyst Ali Martinez pointed out that DOGE still has the opportunity to restart its pump, provided it breaks through a key level - 0.29 USD.

0.29 USD became the annual 'ceiling'

According to Martinez's observation, $0.29 is the resistance level that DOGE has attempted to breach multiple times this year without success.

Historical Suppression: In February, July, and August, DOGE faced selling pressure and fell back near 0.29 USD.

Recent trend: This week DOGE climbed back to around 0.28 USD, but was quickly pushed back down, indicating that this level remains a "decisive line" that the bulls must overcome.

Breakthrough Conditions and Potential Targets

Analysts emphasize that the bullish trend can only be confirmed if the daily closing price stabilizes above 0.29 USD. Once the breakthrough is successful, DOGE is expected to:

Reclaim previous highs: Return to the $0.32–$0.35 range.

Attracting new funds: A breakout will stimulate retail investors and market bullish sentiment, driving further increases.

Current Price and Market Sentiment

As of today, DOGE is fluctuating in the range of 0.26–0.28 USD, just a step away from breaking through. Although market sentiment is cautious in the short term, investor interest in DOGE has not waned, especially with the ongoing discussions about the potential launch of a DOGE ETF.

ETF hotspots may become catalysts

Recently, there are rumors in the market that the United States may approve a DOGE ETF. If this becomes true, it will bring a similar influx of funds to DOGE as seen after the listing of Bitcoin and Ethereum ETFs. Analysts believe that this event could become a significant driving force for DOGE to break through the 0.29 USD mark.

Conclusion

The bullish trend of DOGE still has a chance to restart, but the key "line of life and death" is the $0.29 level. If it can successfully break through and stabilize, DOGE is not only expected to recover its previous high but may also welcome a new round of pump driven by the ETF hotspot. For investors, the upcoming price trend will be the best opportunity to observe the shift of bullish and bearish forces.