Dogecoin (DOGE), this meme coin cryptocurrency, rose more than 24% within a week, with a golden cross pattern appearing on its price chart. Rumors of the approval of the Dogecoin ETF triggered a stir in the community, leading investors to buy quickly and causing a surge in transaction activity. Generally, a golden cross pattern occurs when the short-term moving average of a cryptocurrency crosses above the long-term moving average.
The golden cross typically depicts a bullish picture, sparking optimism about future increases. The emergence of this pattern offset the potential death cross that appeared on the four-hour chart at the end of August, leading to a period of stagnation in Dogecoin's price. Therefore, the decline of Dogecoin in August was quickly reversed in September, rising alongside several top altcoins like Solana (SOL).
In addition, the launch of the Dogecoin (DOGE) ETF could significantly increase institutional investors' interest in Dogecoin (DOGE) and drive recent price increases. This will be the first memecoin ETF in the US market. The Bitcoin (BTC) and Ethereum (ETH) ETF products have received substantial inflows from financial institutions. With the continued inflow into ETFs, both BTC and ETH reached all-time highs in 2025. Dogecoin (DOGE) may also experience a similar situation.
According to CoinCodex's analysis, Dogecoin (DOGE) will continue to rise in the coming weeks. The platform expects this meme coin to reach $0.321 by October 6, 2025. If the target of $0.321 is reached, the price of DOGE will increase by 27.89%. CoinCodex predicts that the price of DOGE will not maintain at the $0.32 level and forecasts a pullback after reaching the target.
Although CoinCodex expects that Dogecoin (DOGE) will not reach $0.40 at the moment, this meme coin has the potential to have more upward momentum than the platform anticipated. The upcoming Dogecoin ETF could spark a surge in institutional interest. Such a development may lead to DOGE's price breaking through the $0.40 barrier.