Key notes
- Thumzup supported by Trump acquires Dogehash in a $ 153 million mining agreement.
- DOGE joined 12% before the profit taking prices prices to $ 0.22.
- Dogecoin’s intraday rejection aligns closely with a cluster of uncovered position of $ 81.4 million around $ $ 0.25.
After a 12% rally triggered by the acquisition of Thumzup multi-thousand supported by Trump from Miner Dogehash, Dogecoin was negotiated as low as $ 0.22 on Saturday August 23, down 2% while Traders began to reserve profits.
Thumzup, originally an AD-Tech company, pivoted a Crypto-focused cash company. The company raised $ 50 million in July 2025 to finance mining operations and direct cryptography purchases. Its acquisition of $ 153.8 million in stocks from Dogehash Technologies adds 2,500 Dogecoin / Litecoin platforms, with plans to rename as Dogehash Technologies Holdings.
Thumzup recently announced an agreement to acquire Dogehash, a blockchain infrastructure company on an industrial scale focused on scrypt-algorithm of Scrypt-Algorithm such as Dogecoin and Litecoin. The combined company aims to become a leading Dogecoin extraction platform.…
– Thumzup Media Corporation (@thumz_up) August 22, 2025
Regulatory deposits show that Donald Trump Jr. has around 350,000 TZUP shares worth $ 3.3 million, positioning it as a major shareholder. As expected, this news formed a double catalyst with the president of the Fed Dovish Powell reported rate drops, raising the price of Dogecoin of 12% from $ 0.20 to $ 0.24 before being around $ 0.23 at the time of the press.
The reversal of 2% on Saturday reflects the traders “selling the news” after the initial excitement. The derived data also shows short traders have been encouraged to defend the psychological barrier of $ 0.25.
Even more, on the market for market derivatives of $ 185 million in Dogocoin, positions of $ 185 million exceeded $ 171 million at the time of the press, affirming the dominant bullish feeling.
However, a short activity concentrated around intrajournal peaks was also a rapid correction of the rapid Dogecoin prices in the early hours of August 23.
Dogecoin liquidation card on August 23 | Source: Coringlass
According to quince liquidation cards, more than $ 81.4 million in shorts are grouped by about $ 0.25, which represents the largest accumulation of leverage in seven days. These bunches often act as a formidable resistance, because traders sell strategically to protect the positions of liquidation.
This short wall explains the rejection of Doge nearly $ 0.249 on Friday and strengthens the story of the “News-sales”, capitalizing on the euphoric feeling of the acquisition by Dogehash Thumpzup and new Dovish strokes of the President of the Fed US.
Dogecoin price forecasts: What is Doge after having missed the escape target of $ 0.25?
The Dogecoin price is currently consolidated just under the Bollinger upper band at $ 0.2498, a level that continues to define a short -term direction. A decisive closure above this upper strip would indicate a renewed bullish momentum and prepare the ground for a possible escape around $ 0.30.
The relative resistance index is held at 54.71, positioning the market in neutral territory. This reading indicates that Dogecoin keeps a room in the sufficient increase before approaching the surachat conditions, which generally exceed the most than 70.
Dogecoin price forecasts | Tradingview
Upon decrease, the initial support remains anchored in the Bollinger band in the middle around $ 0.225, with a deeper protection near the band less than $ 0.201. A violation of less than 0.201 could reverse the current upward trend and the feeling of transfer to a lower market.
Uplining, the level of $ 0.25 continues to act as the first significant resistance. Cleaning this barrier on a strong volume could unlock targets between $ 0.27 and $ 0.29, areas that correspond to the previous corrections observed in early August.
Until a major escape is more than $ 0.27, traders should expect Dogecoin will fluctuate in a narrow strip between $ 0.22 and $ 0.25.
Maxi Doge Prévente Surfec
While Dogecoin (Doge) is struggling with a resistance to $ 0.25, a new very speculative token, Maxi Doge (Maxicoge), attracts market attention. Positioned as a high-risk and reward game, Maxi Doge offers a lever effect of 1000x attractive without stop-loss, using traders in search of amplified yields.
Maxi Doge Prévente
Prévente Maxi Doge won rapid momentum, which has already raised more than $ 1.27 million against a target of $ 1.53 million. With a current price of $ 0.000253 per token and it only takes two days before the next price increase, Maxi Doge emerges as an opportunity for potential escape for traders who look beyond the short-term resistance of DOGE. Visit Maxi Doge’s official website to get there early.
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Non-liability clause: Coinspeaker undertakes to provide impartial and transparent reports. This article aims to provide precise and timely information, but should not be considered as financial or investment advice. Since market conditions can change quickly, we encourage you to check the information for yourself and consult a professional before making decisions according to this content.
Ibrahim Ajibade is a seasoned research analyst with training by supporting various web3 and financial organizations. He obtained his undergraduate diploma in economics and is currently studying for a master’s degree in blockchain and distributed major book technologies at the University of Malta.
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