Dogecoin Price Today Rises to IDR3,590: What’s Driving the Rise in DOGE? (21/8/25)

Jakarta, Pintu News – Dogecoin (DOGE), one of the most popular meme coins in the world, is showing positive performance again. Based on CoinGecko data as of August 21, 2025, the price of DOGE rose 3.91% to Rp3,590 per coin. Meanwhile, CoinMarketCap recorded the DOGE price at $0.2208 or around Rp3,593 with a market capitalization of $33.25 billion or around Rp542.8 trillion.

This increase occurred amid the overall crypto market weakness of -2.34%. CMC AI analysis said there were three main factors driving DOGE’s price movement, namely company mergers, technical breakouts, and whale accumulation.

Who is Involved in the Dogecoin Merger?

According to a CMC AI report, merger news was one of the main triggers for Dogecoin’s price increase. A company associated with former US President Donald Trump reportedly acquired a Dogecoin mining company. This news gave a huge boost to market sentiment.

Data from CoinMarketCap shows that the market response to this merger tends to be bullish because it is considered capable of strengthening DOGE’s position in the crypto industry. The support of large corporations can increase the credibility of this meme coin in the eyes of institutional investors.

Also Read: 5 Trading Signals Bitcoin (BTC) is Under Pressure-Is This the Start of a Major Correction?

What’s Happening on the Technical Side of Dogecoin?

In addition to the merger news, technical factors are also affecting Dogecoin’s price movement. CMC AI reported that DOGE is in a symmetrical triangle pattern that is nearing a resolution point. This pattern usually signals larger price movements in the near future.

However, this technical indicator is still mixed. This means that the price of DOGE could break upwards (bullish breakout) or downwards (bearish breakdown) depending on market forces. Crypto investors are advised to pay attention to DOGE’s key support and resistance levels.

Why Whale Back to Accumulate DOGE?

Whale activity or large investors is also one of the drivers of Dogecoin’s price. Based on CMC AI’s report, there was an accumulation of DOGE by whales despite a 51% risk of attack on the network. This large buying spree adds to the positive momentum in the market.

CoinMarketCap’s community sentiment data also showed 86% of the 1.4 million community votes were bullish on DOGE. Only 14% predicted bearishness, reflecting the market’s optimism towards Dogecoin’s future.

Where does Dogecoin Supply Stand Right Now?

Dogecoin’s supply stands at 150.6 billion coins in circulation, according to CoinGecko data. Unlike Bitcoin (BTC) with a limited maximum supply, DOGE has an unlimited supply which is one of the factors of debate in the crypto community.

Even so, DOGE’s market capitalization was recorded at IDR542.84 trillion with a daily trading volume of IDR50.48 trillion. This figure shows that DOGE’s liquidity is still very high and makes it one of the top cryptocurrencies in the global market.

What are the future prospects for Dogecoin?

Despite Dogecoin’s resurgence, analysts believe that fundamental risks remain to be watched. The lack of a maximum supply limit and potential network security risks are important factors that differentiate DOGE from other crypto assets such as Bitcoin (BTC) and Ethereum (ETH).

However, solid community support, strategic merger news, and whale accumulation give DOGE a chance to remain relevant in the cryptocurrency ecosystem. As such, DOGE’s prospects will largely depend on a combination of community, technical, and industry adoption factors going forward.

Also Read: 5 Secrets to Using Crypto Trading Signals to Increase Investment Profits!

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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

• CoinMarketCap. Dogecoin Price Today. Accessed August 21, 2025.
• Doors. Dogecoin Price Data. Accessed August 21, 2025.