Dogecoin rises 3.5% amid death cross pattern, what does it mean for the crypto market? (7/8/25)

Jakarta, Pintu News – On August 7, 2025 at 09:05 WIB, the price of Dogecoin (DOGE) was recorded at Rp 3,346, up 3.50% in the last 24 hours. Over the past day, DOGE had touched a low of IDR 3,205 and a peak of IDR 3,389. With a market capitalization of IDR 506.32 trillion and a 24-hour global trading volume of IDR 20.08 trillion, Dogecoin remains one of the crypto assets with high market liquidity and activity.

The current circulating supply reaches 150.39 billion DOGE, with a fully diluted value of IDR 506.39 trillion. This data shows that Dogecoin is still a concern for market participants, even though it had previously experienced a technical death cross.

Technical & Fundamental Review

After the death cross pattern formed in early August, DOGE’s price movement was under pressure. However, the latest price data indicates a recovery and renewed buying interest, as evidenced by the 3.50% increase in a day.

DOGE’s current price of IDR 3,346 places it slightly above the daily technical support level (SMA 50 and 200 in USD), so the potential for a breakout or breakdown remains open. Whales are reportedly still accumulating in large quantities, which has the potential to support price stability if the buying action continues.

Also Read: Top 3 Crypto that Grew Up to 120% in the First Week of August, Got Your Token?

Conclusion

Although Dogecoin is still facing technical pressure post death cross, recent prices are showing signs of recovery and potential consolidation in the Rp 3,300s area. The combination of technical and fundamental factors, including accumulation by whales and high trading volume, makes DOGE interesting to monitor in the next few days, especially in case of an upward breakout or further decline below key support levels.

Also Read: Are These 3 Altcoins Likely to Print All-Time High in August 2025?

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities are subject to high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying andselling Bitcoin and other crypto asset investments are the responsibility of the reader.

Reference:

• U.Today. Dogecoin Completes First Death Cross in August, What’s Coming? Accessed August 7, 2025.