The crypto market seems to be breaking out once again. Bitcoin (BTC) has reclaimed the $114,000 mark, and other assets are following its lead. Dogecoin (DOGE) is also following the market-wide rally, hitting the $0.251 mark. According to CoinGecko statistics, DOGE’s price has risen 4.2% in the last 24 hours, 16.3% over the last week, 12.1% in the 14-day charts, and 13.2% over the previous month. With a rate cut being a real possibility over the next few weeks, let’s discuss if DOGE can finally hit the $0.40 mark.
Will Dogecoin Rally to $0.40 After an Interest Rate Cut?
Dogecoin’s (DOGE) latest upswing comes after the US reported cooling inflation numbers for August 2025. The dip in inflation figures has further increased the chances of an interest rate cut after the Federal Reserve’s next meeting. CME FedWatch notes that there is a 92% chance of a 25 basis point interest rate cut this month. An interest rate cut will likely lead to a continued rally for the crypto market as investors may increase their risky investments.
According to CoinCodex’s analysis, Dogecoin (DOGE) will continue its rally over the coming weeks. The platform anticipates the memecoin to hit $0.321 on Oct. 6, 2025. DOGE’s price will rally by 27.89% if it hits the $0.321 target. CoinCodex does not anticipate DOGE’s price to hold at the $0.32 level, predicting a correction after hitting the target.
Also Read: Dogecoin Investors Ask: Hold, Buy More DOGE or Exit Now?
While CoinCodex does not expect Dogecoin (DOGE) to hit $0.40 just yet, there is a possibility that the memecoin will pick up more steam than the platform anticipates. There is a DOGE ETF set to debut soon, which could lead to a surge in institutional interest. Such a development could lead to DOGE’s price going beyond the $0.40 mark.
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