Key Notes
- Trump-backed Thumzup acquires Dogehash in a $153 million mining growth deal.
- DOGE rallied 12% earlier than profit-taking pushed costs again to $0.22.
- Dogecoin’s intraday rejection aligns intently with an $81.4M quick place cluster round $0.25.
After a 12% rally triggered by Trump-backed Thumzup’s multi-million acquisition of miner Dogehash, Dogecoin traded as low as $0.22 on Saturday, Aug. 23, down 2% intraday as merchants started reserving earnings.
Thumzup, initially an ad-tech firm, has pivoted towards a crypto-focused treasury enterprise. The agency raised $50 million in July 2025 to fund mining operations and direct crypto purchases. Its $153.8 million stock-based acquisition of Dogehash Technologies provides 2,500 Dogecoin/Litecoin rigs, with plans to rebrand as Dogehash Applied sciences Holdings.
Thumzup lately introduced an settlement to accumulate Dogehash, an industrial-scale blockchain infrastructure firm targeted on mining Scrypt-algorithm property such as Dogecoin and Litecoin. The mixed firm goals to change into a number one Dogecoin mining platform.…
— Thumzup Media Company (@thumz_up) August 22, 2025
Regulatory filings present Donald Trump Jr. owns roughly 350,000 shares of TZUP inventory value $3.3 million, positioning him as a serious shareholder. As anticipated, this information fashioned a twin catalyst with dovish Fed Chair Powell signaled price cuts, lifting Dogecoin value 12% from $0.20 to $0.24 earlier than retracing towards $0.23 at press time.
The two% Saturday reversal displays merchants “promoting the information” after preliminary pleasure. Derivatives information additional present quick merchants had been incentivized to defend the $0.25 psychological barrier.
Extra so, within the derivatives market Dogecoin’s $185 million lengthy positions outpaced $171 million shorts at press time, affirming the dominant bullish sentiment.
Nevertheless, concentrated quick exercise across the intraday peaks was additionally pivotal to Dogecoin fast value correction within the early hours of August 23.
Dogecoin Liquidation Map as of August 23 | Supply: Coinglass
Based on Coinglass liquidation maps, over $81.4 million value of shorts are clustered round $0.25, representing the biggest build-up of leverage positions in seven days. Such clusters typically act as a formidable resistance, as merchants strategically promote to guard positions from liquidation.
This quick wall explains DOGE’s rejection close to $0.249 on Friday and reinforces the “sell-the-news” narrative, capitalizing on the euphoric sentiment from Thumpzup’s acquisition of Dogehash and contemporary dovish hits from the US Fed Chair.
Dogecoin Worth Forecast: What Subsequent For DOGE after Lacking $0.25 Breakout Goal?
Dogecoin value is at the moment consolidating simply beneath the higher Bollinger Band at $0.2498, a degree that continues to outline short-term path. A decisive shut above this higher band would point out renewed bullish momentum and set the stage for a doable breakout in the direction of $0.30.
The Relative Energy Index is holding at 54.71, positioning the market in impartial territory. This studying indicators that Dogecoin retains ample upside room earlier than approaching overbought situations, which generally are available above 70.
Dogecoin Worth Forecast | TradingView
On the draw back, preliminary assist stays anchored on the center Bollinger Band round $0.225, with deeper safety close to the decrease band at $0.201. A breach under $0.201 would threat reversing the present upward development and shift sentiment towards a bear market.
On the upside, the $0.25 degree continues to behave as the primary important resistance. Clearing this barrier on robust quantity may unlock targets within the $0.27 to $0.29 vary, areas that align with earlier corrections seen in early August.
Till a serious breakout above $0.27 happens, merchants ought to count on Dogecoin to fluctuate in a slim band between $0.22 and $0.25.
Maxi Doge Presale Surges as Dogecoin Reversal Pushes Traders to Excessive-Leverage Options
As Dogecoin (DOGE) grapples with resistance at $0.25, a brand new, extremely speculative token, Maxi Doge (MAXIDOGE), is capturing market consideration. Positioned as a high-risk, high-reward play, Maxi Doge gives an attractive 1000x leverage with out a stop-loss, interesting to merchants searching for amplified returns.
Maxi Doge Presale
The Maxi Doge presale is gaining fast momentum, having already raised over $1.27 million towards a $1.53 million goal. With a present value of $0.000253 per token and simply two days remaining earlier than the subsequent value hike, Maxi Doge is rising as a possible breakout alternative for merchants wanting past DOGE’s short-term resistance. Go to the official Maxi Doge website to get in early.
Disclaimer: Coinspeaker is dedicated to offering unbiased and clear reporting. This text goals to ship correct and well timed data however shouldn’t be taken as monetary or funding recommendation. Since market situations can change quickly, we encourage you to confirm data by yourself and seek the advice of with knowledgeable earlier than making any choices based mostly on this content material.
Ibrahim Ajibade is a seasoned analysis analyst with a background in supporting numerous Web3 startups and monetary organizations. He earned his undergraduate diploma in Economics and is at the moment learning for a Grasp’s in Blockchain and Distributed Ledger Applied sciences on the College of Malta.
