Dogecoin (DOGE) Stalls, but Analysts See Upside amid Major Institutional Move

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Ah, Dogecoin. The cryptocurrency that started as a joke and somehow… isn’t? As of October 3, DOGE is just kind of… there. $0.26, give or take. A little bit of a lull, you know? The whole crypto world is doing a little happy dance, trending upward, but Dogecoin is standing there like it just woke up from a nap. Retail traders, understandably, are holding their breath. Is this the calm before the storm or just an exceptionally long snooze?

Crypto analyst and the man who probably has a stock chart tattoo, Ali Martinez, weighed in on X (yes, that’s still what we call Twitter) and told the world that DOGE has been in an “ascending parallel channel” since 2016. Don’t let the fancy jargon fool you-what he’s saying is that DOGE is cruising along the lower boundary of this channel. A place, by the way, he believes is perfect for “accumulation.” It’s like buying a vintage car at the low end of the market, just before it skyrockets in price.

Dogecoin $DOGE is still in the accumulation phase. The breakout is coming. Stay alert!

– Ali (@ali_charts) October 3, 2025

Martinez is practically on the edge of his seat, telling us to stay alert. Apparently, we might be on the brink of the DOGE version of the moon landing. So, yeah, prepare yourselves for a potentially historic run. Analysts are even throwing around the magical $1 target for Q4. That’s right-$1! A price point that’s haunted DOGE fans for years like a ghost at a Halloween party.

Major Institutional and Whale Investment

Now, while DOGE is having a minor identity crisis on October 3, it’s actually up 10% since the start of the month. That’s right. A casual $3.5 billion was added to its market cap. At the time of writing, it’s trading at around $0.254. No gains, no losses, just sort of hanging out like a person who doesn’t want to make any decisions today.

But don’t let that flatline fool you. Behind the scenes, things are getting interesting. DOGE has been seeing a surge in whale activity (not the kind you see at SeaWorld). Large investors added 450 million tokens in late September, all while the coin was flirting with the major support level of $0.22. Big fish, little fish, cardboard box? You get the idea. And then, just to keep things spicy, Thumzup Media Corporation, listed on Nasdaq, dropped a cool $2.5 million into Dogehash Technologies. So, yeah, it seems like someone believes in the little meme coin that could.

This funding is being used to beef up Dogehash’s DOGE mining capabilities. With over 500 new miners about to be deployed, the company’s mining fleet is going to reach over 4,000 ASIC units. That’s not just a lot of machines; that’s practically a DOGE army preparing for battle.

DOGE Price Breakout Ahead?

Let’s talk charts, shall we? On the daily DOGE chart, the Bollinger Bands are squeezing in, which is fancy speak for “something might be about to happen.” The price is currently hovering around the mid-band (aka the 20-day Simple Moving Average), and if it pushes above the upper band at $0.288, we might see a little bullish action. But, if DOGE decides to take a nap instead and falls below, expect the lower band at $0.216 to act as the next support. It’s like a trampoline for DOGE, just waiting to bounce it back up.

DOGE price chart with RSI and Bollinger Bands | Source: TradingView

The Relative Strength Index (RSI) is giving us the “meh” vibe right now-neutral, but not dead. There’s still room for a little upside action. As always, traders, keep your eyes on key resistance levels around $0.30 and $0.34. It’s like dodging potholes on a rainy day, but with more numbers and less water.

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2025-10-03 18:05