Dogecoin News: DOGE Rises 4.6%, Can the Uptober Rally Continue?

Key Takeaways:Dogecoin price gains 4.61% in 24h, backed by 14.12% weekly rally and Uptober confidenceSpeculation builds around DOGE ETF approval, with decision expected by late OctoberTechnical breakout keeps $0.27 resistance in focus, with support at $0.24 holding DOGE Price Climbs on Whales, ETF Hopes, and Chart BreakoutDogecoin (DOGE) is extending its rally, rising 2.61% over the past 24 hours and building on a 10.39% weekly gain. The move aligns with broader crypto market momentum, as the total crypto market cap increased 1.38%, boosted by optimism around monetary easing and ETF approvals. Whale Accumulation Signals Strategic Buying PressureOn-chain data reveals that whales acquired over 30 million DOGE (≈$7.86 million) on October 6, and nearly $700 million in DOGE was withdrawn from centralized platforms last week, pointing to tightening supply and rising buying pressure. ETF Speculation Adds Fuel Amid Regulatory WatchInterest in a spot Dogecoin ETF continues to rise. The U.S. SEC is currently reviewing filings from Bitwise and Grayscale, following the September debut of the RexShares Osprey Futures ETF ($DOJE). Investors are closely watching post-government shutdown regulatory commentary from the SEC for clues on the approval timeline. Technical Strength Supports Bullish CaseFrom a technical standpoint, DOGE is showing bullish momentum as it continues to hold the $0.24 support level. The MACD histogram has flipped positive (+0.0005), and the 24h RSI sits at 59.25, suggesting more room to run before reaching overbought conditions.Source: CoinMarketCapA decisive close above $0.27—a key Fibonacci resistance level—could open the door to a move toward $0.30. On the downside, failure to hold above $0.24 may risk a pullback to $0.195. Broader Market Context: Bitcoin Rally, Altcoin RotationThe crypto market cap has surged past $4.29 trillion, with Bitcoin (BTC) crossing $125,000 and another strong altcoin, BNB, up 17%, indicating that the Uptober rally may just be getting started. DOGE Outlook: Can the Rally Sustain?DOGE's historical volatility and current liquidity dynamics suggest it could continue to benefit from speculative flows—especially if Bitcoin maintains strength above $120,000.Key levels to watch: $0.27 resistance, $0.26 support, and potential ETF updates by late October.