Dogecoin’s been chilling around $0.21 , looking like your coworker who just showed up late but still ready to make a splash.
The past week wasn’t kind, with the memecoin dropping nearly 14%.
But all signs point to a classic rounding bottom forming, and if Doge breaks above $0.29, experts say we could be in for a wild ride back up, potentially hitting $0.49, and maybe even $0.80 later this year. How ever crazy it sounds.
Accumulation
Crypto analyst Crypto Zeinab spotted this setup, a rounding bottom paired with a converging triangle that literally screams breakout incoming.
$DOGE is showing a pattern similar to 2024. It’s forming a rounding bottom & if it breaks $0.29, it could rally like last time from $0.18 to $0.49.
A converging triangle is also forming, which means a breakout might be coming.
If the pattern repeats, we could reach $0.80 in Q4. pic.twitter.com/ZhUQ8LRyGf
— Crypto Zeinab (@CryptoZeinab) August 20, 2025
It reminds us of 2024 when Dogecoin stormed from $0.18 all the way to $0.49.
Galaxy’s got a longer view. Since 2014, Doge’s been playing the same game, slow and steady accumulation, then a sudden jump upward, followed by some drama and resets.
Right now, DOGE is in its third big accumulation phase, the kind that led to huge jumps in 2017 and 2021.
The monthly charts show price steadily hugging support, a classic sign the big players are gearing up for more action.
Think of it as your office’s quietest guy, suddenly stepping up as project leader, it’s coming, just wait.
Dogs of war
But hold up, Dogecoin faced some heat when the Qubic blockchain community voted to redirect hashpower toward Doge, raising fears about a 51% attack, yeah, that’s the scary kind of hacker business.
The #Qubic community has chosen #Dogecoin . pic.twitter.com/EnevIZUAw5
— Come-from-Beyond (@c___f___b) August 17, 2025
Qubic had targeted Monero before, so this wasn’t just a bluff. On top of that, DOGE’s futures open interest dipped by 4%, hinting the derivatives market’s a little shaky.
It’s like your office gossip stirring trouble right before the big presentation.
Still, despite this mess, the whales, big holders of Doge, are gobbling up coins like they’re stocking for winter.
About 680 million DOGE were added in August, signaling these heavy hitters see opportunity in the chaos.
Big dog
To sweeten the plot, Thumzup Media , a Nasdaq-listed company, is scooping up Dogehash Technologies, the North American mining business with 2,500 ASIC miners focused on Dogecoin and Litecoin.
They’re planning to ramp up operations, aiming to build one of the largest Dogecoin mining networks on the planet.
Industrial muscle coming to the Doge game? That’s the kind of heavyweight backing that could tip the scales.
Cryptocurrency and Web3 expert, founder of Kriptoworld
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With years of experience covering the blockchain space, András delivers insightful reporting on DeFi, tokenization, altcoins, and crypto regulations shaping the digital economy.
