DOGE price prediction: hold above $0.21 key support level, what will be the subsequent trend?

As of August 26, 2025, data from the Gate exchange shows that the trading price of DOGE is slightly below $0.21, having fallen about 4% in the past 24 hours. The weekly chart remains stable, with a trading volume exceeding 3 billion dollars, indicating that the market still maintains a high level of follow and Liquidity.

Current Price and Trading Status

DOGE is currently at a critical technical juncture. The price is fluctuating between the support level of $0.22 and the resistance level of $0.25, forming a gradually converging symmetrical triangle pattern.

This pattern usually indicates that the market is about to choose a direction, which may lead to a significant volatility. Once a valid breakout occurs, the price may quickly rise to $0.31; conversely, if it falls below support, it may drop to $0.19.

The open interest in the derivatives market has decreased by more than 2% in the past 24 hours, indicating a reduction in short-term speculative activity and a cautious market sentiment.

Technical Analysis Bullish Patterns

Although the short-term trend is unclear, several bullish patterns worth following have appeared on the chart. The rounded bottom pattern, converging triangle, and potential cup and handle pattern have emerged successively.

These classic technical patterns have historically often signaled trend reversals and subsequent significant increases. If DOGE can successfully break through the resistance level of $0.29, it may recreate a similar scenario as in 2024 when it rebounded from $0.18 to $0.49.

From the moving average system, DOGE is currently above the two-hour EMA20 (~$0.2173), but below the EMA50 (~$0.2195), EMA100 (~$0.2224), and EMA200 (~$0.2234). This cluster of moving averages continues to limit the attempts at recovery.

Latest Updates and Market Sentiment

Recently, there have been numerous events affecting the price of DOGE. On the political front, Senator Joni Ernst tweeted about saving government spending, unexpectedly bringing policy recognition credibility to DOGE.

In terms of institutional dynamics, Thumzup acquired Dogehash for $50 million, planning to create the largest DOGE mining operation, which provides additional momentum for the price trend.

Whale (large holder) behavior shows complex signals: the number of addresses holding more than 10 million DOGE decreased from 887 to 882. However, between August 20 and 21, whale addresses accumulated approximately 680 million DOGE, worth about 161 million dollars.

On the regulatory front, the U.S. Securities and Exchange Commission has delayed its decision on the DOGE and XRP ETF applications related to Grayscale, increasing uncertainty in the short term.

Short-term Price Prediction

Traders see $0.21 as a recent dividing line. If this support level holds, DOGE may pressure the first resistance level at $0.2274.

Breaking this level will open the way to $0.2426, followed by $0.2537. If it can consistently break through $0.29 - $0.30, it will confirm a larger breakout and bring $0.38 back into view.

In terms of downside risk, if $0.21 cannot be held, $0.2054 will become the focus again. Once broken, it will expose $0.1947, as well as the integer level of $0.20, with $0.1884 serving as a deeper risk marker.

Long-term Outlook and Challenges

Some analysts still predict that if a larger bull market structure plays out, it could reach $0.80 by the end of 2025. Valuation models such as CVDD estimate its potential target price at $0.54 based on the historical trends of dormant coins.

However, DOGE also faces increasingly fierce competition. New projects like Remittix (RTX) and Layer Brett (LBRETT), which have practical utility, are attracting investor attention as they offer solutions to real problems, rather than just relying on meme culture.

In terms of security, the Qubic project has listed DOGE as the next potential target, which means that higher market capitalization proof-of-work (PoW) coins may face similar hash power security risks as encountered by Monero.

Future Outlook

The market's attention is focused on the battle between the support level of $0.21 and the resistance level of $0.25. If it can break through the $0.25 resistance level with volume, it may trigger a new wave of buying, pushing the price towards $0.30 or even higher.

If it breaks below the $0.21 support, it may test the support range of $0.19 to $0.20. The future trend of DOGE depends on the combined effects of technical pattern breakthroughs, overall market sentiment, institutional acceptance, and responses to emerging competitive projects.