Dogecoin is back in the spotlight, trading near $0.21 as a $50M Trump-backed mining plan fuels $1 dreams—but whales may drag prices down 15%.
The meme coin is caught between bullish news and bearish pressure. Massive investments, ETF buzz, and treasury formation are driving optimism, but heavy whale sell-offs and weak money flow indicators threaten to break support and trigger a deeper correction.
Trump-Backed Mining Deal Could Boost DOGE Fundamentals
Thumzup’s $50 million shareholder capital raise will fund the purchase of 2,500 Dogecoin mining units, with potential expansion to 3,500 rigs. The company also plans to acquire DogeHash Technologies to establish itself as a leading publicly traded Dogecoin miner in North America.
Trump-backed Thumzup invests $50M in 3,500 Dogecoin mining rigs, projecting $100M revenue if DOGE reaches $1. Source: Tesla Model Ðoge via X
At current dogecoin price levels, the operation could generate between $22 million and $103 million annually, according to company projections.
“Large-scale mining is a critical step toward Dogecoin’s long-term sustainability,” noted crypto analyst SeniorDeFi, who identified a breakout pattern that could lift DOGE 72% toward $0.37 in the near term.
ETF Buzz Adds Fuel to Dogecoin Prediction 2025
Optimism around a potential Dogecoin ETF is also supporting bullish sentiment. Asset manager REX-Osprey has filed to launch DOJE, the first Dogecoin ETF, with similar applications submitted by 21Shares, Bitwise, and Grayscale. If approved, these ETFs could open DOGE exposure to a wider pool of institutional investors.
Rex-Osprey’s Dogecoin ETF may launch as early as next week, potentially becoming the first $DOGE ETF, Bloomberg’s Eric Balchunas reports. Source: 𝓣 𝓞 𝓟 𝓓 𝓞 𝓖 𝓔 via X
Meanwhile, the House of Doge and CleanCore Solutions have announced the formation of a $175 million Dogecoin treasury, chaired by Elon Musk’s personal attorney Alex Spiro—a move seen as a major step toward formalizing DOGE as a mainstream digital asset.
These developments have sparked speculation among traders asking, “Will Dogecoin reach $1?” Analysts believe DOGE requires approximately $90 billion in additional market capitalization to reach that milestone, which would represent a 400% increase from current levels.
Whale Selling and Weak Money Flow Index Pose Short-Term Risks
Despite bullish long-term projections, technical indicators show near-term weakness. The Money Flow Index (MFI) has dropped below 40, indicating a decline in buying pressure.
Dogecoin shows a symmetric triangle breakout targeting $0.37 short-term, with a $175M treasury potentially paving the way for institutional inflows and a $1 milestone. Source: Senior via X
If buyers step back while whales continue offloading, corrections could deepen, potentially pushing Dogecoin toward $0.178 without sufficient dip-buying support.
Futures data confirms this cautious outlook, with open interest in DOGE derivatives dropping over 35% since July—indicating weaker speculative demand.
Dogecoin Price Forecast: Key Levels to Watch
Dogecoin’s price is currently navigating a critical pivot at $0.21, a level that traders are closely monitoring for short-term direction.
Dogecoin was trading at around $0.22, up 2.56% in the last 24 hours at press time. Source: Brave New Coin
Holding above this threshold could allow DOGE to retest resistance levels between $0.23 and $0.25, with a successful breakout potentially opening the door to $0.27 or even $0.30. Conversely, if the price falls below the $0.20 support zone, stop-loss triggers and selling pressure could intensify, pushing DOGE toward $0.178.
Should bearish momentum continue, the cryptocurrency could even revisit stronger support levels in the $0.15–$0.16 range, highlighting the high volatility and risk-reward dynamics currently shaping the market.
Dogecoin Price Prediction 2025 and Beyond
Looking further ahead, several Dogecoin predictions suggest a gradual climb toward $0.50–$0.56 by late 2025, with the potential to break $1 by early 2026 if market sentiment and adoption trends remain strong.
It’s surprising, but the idea of a memecoin reaching a $1 trillion market cap is undeniably thrilling. Source: haysicayim on TradingView
Long-term forecasts project DOGE trading in the $1.05–$1.10 range by December 2025, with subsequent price targets of $2.40 by 2026 and $6.50 by 2030, assuming continued network growth, Layer-2 development, and increased use in payments.