Dogecoin Price Stalls: $0.30 Marks Critical Barrier
In recent weeks, the price of Dogecoin (DOGE) has increased dramatically. When the first DOGE ETF listed in the US debuted on September 18, it attracted notice. Despite the encouraging news, optimism reached a stalemate when the memecoin was rejected at $0.30. After the short spike, DOGE encountered resistance at the $0.30 mark, which caused traders to become cautious. Although the launch of the ETF sparked increased interest, analysts warn that short-term profits may be constrained by the memecoin’s volatility.
Dogecoin Price Stalls in Symmetrical Triangle as $0.30 Ceiling Holds Firm
The 20-day exponential moving average (EMA) was recently overtaken by DOGE. Buyers pushed the price up from roughly $0.22 to $0.30. Other moving averages (50-, 100-, and 200-day) establish a base of support below $0.22. But since Dogecoin’s price dropped below the 20 EMA (blue) today, that has changed. The fact that the ETF was just launched suggests that this development was a “sell the news” moment. DOGE’s confinement within a symmetrical triangle during this period suggests indecision. However, $0.30, which served as a ceiling several times in 2025, has also provided strong resistance to DOGE’s price.
Santiment Data Shows DOGE Whales Holding Back
This may come as a shock to some holders. When the ETF was introduced, institutional interest grew. Headlines were generated by Grayscale’s filing for a DOGE ETF and the REX-Osprey product. Recent results, however, have demonstrated that excitement is insufficient on its own because velocity is required to overcome resistance. Dogecoin’s price may continue to go sideways or undergo a correction, according to on-chain data. Santiment data indicates that whales have not been able to increase accumulation. It is therefore difficult for DOGE to emerge. It may continue to consolidate between $0.23 and $0.27 if that stays the same.
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