Jakarta, Pintu News – As reported by CoinSpeaker, after a 12% rally triggered by the massive acquisition of Dogehash by Thumzup-a Trump-backed company-Dogecoin briefly fell to $0.22 on Saturday, August 23, losing about 2% intraday as traders started to take profits.

Then, how is the current Dogecoin price movement?

Dogecoin Price Drops 2.04% in 24 Hours

On August 25, 2025, the price of Dogecoin slipped by 2.04% over the past 24 hours, trading at $0.2314, or about IDR 3,753. Throughout the day, DOGE fluctuated within a range of IDR 3,679 to IDR 3,977.

At the time of writing, Dogecoin’s market capitalization is estimated at IDR 568.43 trillion, while its 24-hour trading volume has surged by 69%, reaching approximately IDR 55.09 trillion.

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Acquisition of Dogehash Technologies

Thumzup, originally an ad tech company, is now shifting its focus to a crypto-based treasury business. In July 2025, the company raised $50 million to finance mining operations and direct crypto asset purchases.

The $153.8 million in stock acquisition of Dogehash Technologies adds 2,500 Dogecoin/Litecoin mining rigs, with plans to rebrand as Dogehash Technologies Holdings.

Thumzup recently announced an agreement to acquire Dogehash, an industrial-scale blockchain infrastructure company focused on mining Scrypt-algorithm assets such as Dogecoin and Litecoin. The combined company aims to become a leading Dogecoin mining platform.…

— Thumzup Media Corporation (@thumz_up) August 22, 2025

According to regulatory documents, Donald Trump Jr. is listed as owning around 350,000 TZUP shares worth approximately $3.3 million, making him one of the major shareholders. This news served as a double catalyst alongside Fed Chairman Jerome Powell’s dovish statement that hinted at a rate cut.

As a result, the Dogecoin price briefly rose 12% from $0.20 to $0.24 before correcting to the $0.23 range. DOGE ‘s 2% drop on Saturday reflects the “sell the news” phenomenon , where traders sell after the initial euphoria has subsided. Derivatives market data also showed that short position traders were actively defending the psychological level of $0.25.

Dogecoin Liquidation Map

In the derivatives market, Dogecoin’s long position was recorded at $185 million, higher than its short position of $171 million, indicating that bullish sentiment still dominates.

However, the concentration of short activity at the intraday peak was an important factor in the rapid correction of the Dogecoin price at the start of trading on August 23.

Coinglass’ liquidation map reveals a buildup of over $81.4 million worth of short positions around the $0.25 level-the largest accumulation of leverage in the last seven days. Such clusters are usually strong resistance levels, as traders tend to sell to protect positions from the risk of liquidation.

This short wall explains DOGE’s price rejection at the $0.249 area last Friday, while reinforcing the “sell the news” narrative that capitalized on the euphoria over Thumzup’s acquisition of Dogehash and the latest dovish signals from the Fed.

Read also: Ethereum Price Hits $4,700 on August 25, 2025 as Network Activity Reaches Record Highs!

Dogecoin Price Prediction: What’s Next After Failing to Break the $0.25 Target?

Dogecoin price is currently consolidating just below the upper Bollinger Band at $0.2498, which is still the short-term direction setter. If the price is able to close convincingly above this level, a new bullish momentum opportunity will open up with a potential increase towards $0.30.

The Relative Strength Index is at 54.71, putting the market in a neutral zone. This indicates that Dogecoin still has room to rise before entering an overbought state (usually occurring above 70).

On the downside, the initial support level remains at the middle Bollinger Band around $0.225, with deeper protection at the lower band around $0.201. If the price breaks below $0.201, the current uptrend risks reversing and shifting sentiment to a bearish market.

To the upside, the $0.25 level is still the first major resistance. If this level is successfully broken with large volume, then the next target opens up in the range of $0.27 to $0.29-an area that is in line with the price correction in early August.

Until there is a significant breakout above $0.27, traders should anticipate that Dogecoin will continue to move in a narrow range between $0.22 to $0.25.

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

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