{"id":43229,"date":"2025-08-20T19:01:55","date_gmt":"2025-08-20T19:01:55","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=43229"},"modified":"2025-08-20T19:01:55","modified_gmt":"2025-08-20T19:01:55","slug":"rounding-bottom-doge-could-repeat-2024s-rally-and-surge-to-0-80","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=43229","title":{"rendered":"Rounding Bottom? DOGE Could Repeat 2024\u2019s Rally and Surge to $0.80"},"content":{"rendered":"<div>\n<p><b>TL;DR<\/b><\/p>\n<ul>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Dogecoin shows a rounding bottom with a converging triangle, and $0.29 remains the breakout level to watch.<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Whales added 680 million DOGE in August, signaling accumulation despite ongoing concerns of a 51% attack.<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Thumzup Media\u2019s acquisition of Dogehash aims to expand capacity and create a leading Dogecoin mining platform.<\/span><\/li>\n<\/ul>\n<h2><b>Current Price and Technical Setup<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">Dogecoin (DOGE) was trading near $0.21 at press time, with a daily turnover of about $3.1 billion. The token declined by 2% in the past 24 hours and by nearly 14% weekly. Despite the drawdown, there are signs that a move is brewing.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Crypto analyst Crypto Zeinab pointed to a rounding bottom forming alongside a converging triangle. Resistance sits near $0.29, a key level that, if broken, could push DOGE toward $0.49 and possibly $0.80 later in the year. A similar setup in 2024 saw the price rally from $0.18 to $0.49.<\/span><\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\"><a href=\"https:\/\/twitter.com\/search?q=%24DOGE&amp;src=ctag&amp;ref_src=twsrc%5Etfw\" data-wpel-link=\"external\" target=\"_blank\">$DOGE<\/a> is showing a pattern similar to 2024. It\u2019s forming a rounding bottom &amp; if it breaks $0.29, it could rally like last time from $0.18 to $0.49.<\/p>\n<p>A converging triangle is also forming, which means a breakout might be coming.<\/p>\n<p>If the pattern repeats, we could reach $0.80 in Q4. <a href=\"https:\/\/t.co\/ZhUQ8LRyGf\" data-wpel-link=\"external\" target=\"_blank\">pic.twitter.com\/ZhUQ8LRyGf<\/a><\/p>\n<p>\u2014 Crypto Zeinab (@CryptoZeinab) <a href=\"https:\/\/twitter.com\/CryptoZeinab\/status\/1958105779678101820?ref_src=twsrc%5Etfw\" data-wpel-link=\"external\" target=\"_blank\">August 20, 2025<\/a><\/p>\n<\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p><span style=\"font-weight: 400;\">A separate view from Galaxy <\/span><a href=\"https:\/\/x.com\/galaxyBTC\/status\/1958020906040655939\" data-wpel-link=\"external\" target=\"_blank\"><span style=\"font-weight: 400;\">showed<\/span><\/a><span style=\"font-weight: 400;\"> DOGE continuing its long-term cycle of accumulation and breakout phases. Since 2014, the meme coin has repeated a structure of sideways trading, followed by rapid upward moves, and then corrections back into new bases.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">According to Galaxy, DOGE is in its third major <\/span><a href=\"https:\/\/cryptopotato.com\/massive-doge-whale-activity-hints-at-1-breakout\/\" data-wpel-link=\"internal\"><span style=\"font-weight: 400;\">accumulation<\/span><\/a><span style=\"font-weight: 400;\"> stage, echoing the run-ups seen in 2017 and 2021. Price action on the monthly chart shows a steady rise along support, which has historically been the early phase before broader market interest returns.<\/span><\/p>\n<h2><b>Security Concerns and Whale Activity<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">DOGE came under pressure after the Qubic blockchain community <\/span><a href=\"https:\/\/x.com\/c___f___b\/status\/1957139742388298154\" data-wpel-link=\"external\" target=\"_blank\"><span style=\"font-weight: 400;\">voted<\/span><\/a><span style=\"font-weight: 400;\"> to direct hashpower at Dogecoin for a possible 51% attack. Qubic previously targeted Monero, raising worries of similar disruption. The news coincided with weaker derivatives positioning, as DOGE futures open interest slipped 4% to $3.23B, according to Coinglass data.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Even with these risks, accumulation continued. Large holders <\/span><a href=\"https:\/\/cryptopotato.com\/dogecoin-doge-whales-go-crazy-further-price-rally-incoming\/\" data-wpel-link=\"internal\"><span style=\"font-weight: 400;\">added<\/span><\/a><span style=\"font-weight: 400;\"> about 680 million DOGE in August, suggesting that whales are positioning for longer-term exposure despite near-term volatility.<\/span><\/p>\n<h2><b>Mining Expansion Through Acquisition<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">In corporate news, Thumzup Media Corporation, a Nasdaq-listed firm, <\/span><a href=\"https:\/\/thumzupmedia.com\/investor-relations\/investor-news\/news-details\/2025\/Thumzup-to-Acquire-Dogehash-Technologies-Inc--a-Leader-in-DOGE-Digital-Asset-Mining\/default.aspx\" data-wpel-link=\"external\" target=\"_blank\"><span style=\"font-weight: 400;\">confirmed<\/span><\/a><span style=\"font-weight: 400;\"> plans to acquire Dogehash, a North American mining company focused on Scrypt assets like Dogecoin and Litecoin.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Dogehash owns approximately 2,500 ASIC miners and is likely to increase its capacity by the end of the year. The merged operation is projected to become one of the biggest Dogecoin mining networks globally, enhancing the industrial-scale infrastructure of the network.<\/span><\/p>\n<p>The post <a href=\"https:\/\/cryptopotato.com\/rounding-bottom-doge-could-repeat-2024s-rally-and-surge-to-0-80\/\">Rounding Bottom? DOGE Could Repeat 2024\u2019s Rally and Surge to $0.80<\/a> appeared first on <a href=\"https:\/\/cryptopotato.com\/\" rel=\"nofollow\">CryptoPotato<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>TL;DR Dogecoin shows a rounding bottom with a converging triangle, and $0.29 remains the breakout level to watch. Whales added 680 million DOGE in August, signaling accumulation despite ongoing concerns of a 51% attack. Thumzup Media\u2019s acquisition of Dogehash aims to expand capacity and create a leading Dogecoin mining platform. Current Price and Technical Setup [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-43229","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/43229","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=43229"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/43229\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=43229"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=43229"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=43229"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}