Dogecoin (DOGE) adoption expands as institutional investors pour $348M into DOGE within 24 hours.

Analysts highlight a rare arc bottom pattern, placing DOGE at a critical $0.28–$0.30 breakout zone.

Price targets are set at $0.50, $0.60, and $0.80 if DOGE clears neckline resistance with strong momentum.

Dogecoin (DOGE) is gaining traction in the crypto market fueled by strong community engagement and growing momentum. The DOGE price over the last 24 hours is up by 5.29%, and over the last week it is also up by 12.73%.

At the time of writing, DOGE is trading at $0.2810 with a 24-hour trading volume of $5.47 billion, up by 33.08% over the last 24 hours. The token has a market capitalization of $42.43 billion, which is also up by 5.3%.

Source: CoinMarketCap

DOGE Gains Momentum With $348 Million Inflows

The crypto analyst, CEO, highlighted that Dogecoin (DOGE) saw massive institutional buying, with institutional investors purchasing more than $348 million of the token within 24 hours. Whale activity jumped significantly according to the on-chain analysis, typically belonging to institutional addresses, signaling that large investors are making strategic positions in DOGE.

DOGE’s low costs of transaction and rising usage in payments, and cultural value, helped by names like Elon Musk, justify the renewed attention. The influx of capital has encouraged higher volumes of trade and short-term bullish sentiment.

Also Read: Dogecoin at $0.2677: Temporary Pullback or Start of a Major Bullish Run?

Dogecoin Arc Bottom Formation Signals Rally to $0.80

Moreover, the crypto analyst revealed that Dogecoin (DOGE) is showing signs of a potentially historic bullish breakout after the creation of what experts term a large-scale arc bottom formation. This is a very unusual technical formation that has been developing over an incredibly long timescale, and it suggests that Dogecoin is reaching a decisive point in its market cycle. 

Currently, DOGE is ranging at the $0.28–$0.30 price point, situated right at the exact edge of the neckline of the arc bottom pattern, a critical breakdown area that can dictate the next move of the token.

If Dogecoin successfully breaks through this neckline resistance with sufficiently good strength, it can be the start of a big upswing. It is observed by analysts that target points of $0.50, $0.60, and even $0.80 are reachable targets based on historical price actions and the slow climb of the pattern.

Source: X

The first stage of a breakout is expected to be conservative, with $0.50 as the initial resistance test, followed by a potential climb toward $0.60 if bullish sentiment accelerates. In a highly optimistic scenario, Dogecoin could extend its run to $0.80, approaching levels not seen since the peak of previous bull cycles.

Dogecoin (DOGE) Sentiment Turns Extremely Bullish

According to CMC, Dogecoin sentiment is extremely bullish at present, fueled by excitement over potential institutional developments like a DOGE ETF and optimism over technical breakout signals. Retail investors are showing great optimism, with active discussions of whale purchases and long-term price targets creating buzz all over social media. 

However, a note of caution exists as some community members remind us of the necessity of real-world use and adoption to sustain traction through hype-based surges.

Also Read: Dogecoin (DOGE) Targets $5: First Dogecoin ETF Could Spark Altseason

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Filed under: Bitcoin - @ September 18, 2025 8:30 pm