Dogecoin Drama: Will It Rise or Just Chill at $0.25?

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TL;DR

  • Dogecoin did that thing where it dips, then bounces back like it just remembered it’s a meme coin-up 29% from $0.18, leaving the $0.25 peak in the rearview mirror that no one really trusted anyway.
  • Exactly what you’d expect: analysts swooping in to say, “Hey, $0.18 is the demand zone, folks,” because apparently everyone owns a crystal ball-breakout could send us flirting with $0.30, or not.
  • Whales, those mysterious investors with more money than you’ll ever see-bought a billion DOGE in a day. Now they own roughly half the supply, which is just enough to make you question the market’s sanity… and their motivations.

Dogecoin Finds Support After a Slight Meltdown

Dogecoin is hanging out around $0.21 after managing a 3% uptick in the last 24 hours. Yet, over the course of a week, it’s still down 8%, proving once again that crypto is basically gambling with a fancy name. Volume today’s around a cool $1.2 billion, because apparently that’s just a Tuesday.

The rollercoaster started at a high of $0.25, then took a nosedive. Before that, it had jumped from $0.08 all the way to $0.21, because why not throw a party, then suddenly decided it was a good day for a dip. Support was found near $0.18-proof that even when DOGE falls, it’s got a sense of community, or at least a low bar for “support.”

On the four-hour chart, DOGE bounced roughly 29% from that $0.18 support level-like a cat with nine lives, but with fewer whiskers-and is holding above $0.20, which is apparently significant now.

BitGuru says the market’s showing signs of life after taking a nap-holding above $0.18 keeps the door open for a rebound toward $0.22 or $0.25, because nothing says “bullish” like a coin that risqué-ly fans the flames of hope and despair.

$DOGE waking up-here we go again. First pumped from $0.07587 to $0.21309 with all the gusto of a puppy chasing a squirrel.

Then, just to keep things spicy, it rallied again to $0.24965 before deciding to do the steady slide into a “what is even happening anymore” trend.

Market’s trying to bounce back from the cozy support zone near $0.18-because who doesn’t love a good support zone when your portfolio’s bleeding?

– BitGuru (@bitgu_ru) August 7, 2025

Chart Highlights: Will DOGE Break Out or Fake It?

Bitcoinsensus provided a lovely daily chart showing higher highs followed by what might be “equal lows” at $0.18-basically, the crypto version of a side eye. This could be the liquidity zone where big investors fill orders before the next move.

If $0.18 holds, the optimistic voices say DOGE could reach $0.30 in the blink of an eye-or in a few days, at least. If it doesn’t, and recent highs are shrugged off, think of that as a sign the momentum’s tired and wants a long nap. For now, we’re just waiting to see how long support at $0.18 can keep the chaos contained.

Whale Watching: The Billionaire of Dogecoin

According to analyst Ali Martinez, whales-those mysterious, billion-dollar entities-added one billion DOGE yesterday alone. At around $200 million, because apparently they have more cash than most countries, they now control about 73 billion DOGE, nearly half the circulating supply. It’s like a whale-themed version of Monopoly, but with way more zeroes.

This panic buying could tighten the supply, making it more scarce, which presumably makes the price go up-if everyone keeps buying while the demand stays high. Meanwhile, traders are on the lookout for ETF news, because apparently that’s supposed to be the magic bullet that makes Dogecoin moon again-spoiler: nobody really knows, including the people even talking about it.

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2025-08-09 06:27