Dogecoin (DOGE) is continuing its upward trend on the back of a broader cryptocurrency market recovery, with a return to $0.1 now within sight.

The momentum comes as news emerged that the United States repurchased an additional $4 billion worth of bonds. According to CoinGap on the 25th (local time), Dogecoin was trading at $0.096.

Market attention is focused not only on short-term movements but also on long-term outlooks. One analyst has projected that Dogecoin could rise to $3 in the long term, while whale investors on Hyperliquid are reportedly taking long positions in anticipation of a price increase.

Analyst: "$3 Possible if Double Bottom Is Completed"

According to CoinGap, cryptocurrency analyst Tadigrade analyzed on X that a large-scale double bottom pattern is forming on Dogecoin's weekly chart.

Tadigrade explained that the DOGE price has already rebounded from the first and second bottoms and is now looking at the resistance line. CoinGap reported that he forecast if Dogecoin breaks above $0.46, the resistance level of the double bottom, it could rise to $3 and set a new all-time high.

"When a double bottom forms on longer timeframe charts like the weekly chart, it signals a powerful trend reversal," Tadigrade said. "If the price breaks above the neckline, the measured upside target becomes $3."

Skeptics Say "$3 Is Unlikely"

However, some have questioned this long-term price forecast. They argue that with DOGE's supply reaching 171 billion coins, it would be difficult for the price to climb to $3. CoinGap reported that they base their argument on the fact that if DOGE reached $3, its market capitalization would reach $370 billion, exceeding Ethereum's current market cap.

Whales Open $9 Million in Long Positions

Whale investors anticipating a Dogecoin price rise are also making moves. According to CoinGap, citing data from CoinGlass, whale investors have opened long positions worth $9 million, betting on a Dogecoin price increase.

These positions were taken on Hyperliquid between the 22nd and 24th (local time), and five of these investors are already recording unrealized gains, CoinGap reported.

ETF Flows Stall... But Weekly Inflows Hit a High

The whales' moves come as inflows into Dogecoin exchange-traded funds (ETFs) have stalled. According to CoinGap, citing data from Sosovalue, Dogecoin ETFs have recorded no new inflows since the 23rd (local time).

However, $2.08 million flowed into Dogecoin ETFs during the week beginning on the 21st (local time). CoinGap explained that this is the largest weekly inflow recorded by Dogecoin ETFs since January 2026.

During the same period, $2.68 million flowed into the Grayscale Dogecoin ETF, which CoinGap said is the largest weekly inflow for the ETF since its launch in November 2025.

These inflows came shortly after Bitwise announced it would close its DOGE ETF on October 14 (local time).

Short-Term Charts Also Signal Upside... To $0.112?

CoinGap also analyzed that short-term charts show patterns pointing to further upside potential. According to CoinGap, Dogecoin broke above the $0.095 resistance level, the 61.8% Fibonacci zone, on the 4-hour chart. The relative strength index (RSI) line crossing above its signal line was also interpreted as a sign that buying momentum is strengthening.

CoinGap projected that if the current uptrend continues, DOGE could break above the psychological resistance of $0.10 and rise to $0.112, the 23.6% Fibonacci zone. It also noted that the Awesome Oscillator (AO) bars are turning green and lengthening, supporting this outlook.

A reversal is also possible. CoinGap forecast that if selling pressure builds again and the uptrend falters, Dogecoin could retest support at $0.088, the 38.2% Fibonacci zone.

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