Dogecoin Dips 2% Today — Yet Investors Continue to Buy, Accumulating 4.9B DOGE

Jakarta, Pintu News – Dogecoin (DOGE) has recently experienced flat price movements, along with market conditions that are still fluctuating. On August 21, DOGE was trading at around $0.223 and is still struggling to get out of the consolidation phase.

Although the price movement looks weak, some key indicators suggest that important investors could potentially help DOGE recover the losses incurred since July.

Dogecoin Price Drops 2.40% in 24 Hours

On August 22, 2025, Dogecoin’s price slipped 2.40% over the past 24 hours, settling at $0.2155, or around IDR 3,536. Throughout the day, DOGE traded within a range of IDR 3,490 to IDR 3,643.

As of now, Dogecoin holds a market capitalization of roughly IDR 533.51 trillion, while its 24-hour trading volume has fallen 34% to IDR 32.28 trillion.

Read also: Ethereum Price Holds Around $4,200 on August 22, 2025 — Is a Drop Below $4,000 Coming?

Dogecoin Investors Start to Get Optimistic Again

A closer look at the change in HODLer net position shows that long-term holders (LTH) are starting to show a more optimistic attitude. The red bars that usually signify selling pressure are almost gone, indicating a shift from distribution towards accumulation.

This shift from selling to accumulating could lay the groundwork for Dogecoin’s recovery in the coming weeks. With fewer LTHs offloading their holdings, there is less downward pressure on the market.

This shift, coupled with the ongoing accumulation process, reflects the belief that major holders still believe in Dogecoin’s future prospects.

In terms of the broader market, the supply of Dogecoin that was last active between the last three to six months has increased significantly.

In the past two weeks, mid-term holders have added 4.9 billion DOGEs to their portfolios, worth more than $1.97 billion.

The fact that mid-term holders continue to add to their DOGE holdings indicates that many are confident about future price movements. These investors are likely waiting for more favorable market conditions to capitalize on potential price spikes.

DOGE price likely to recover

Having traded at $0.223, Dogecoin needs to be able to hold at the $0.222 support in order to maintain its recovery prospects. Recent trends suggest that DOGE is looking to bounce off this support area and aim for the resistance level at $0.241.

Read also: Trump-linked Thumzup Expands Business to Dogecoin Mining!

If it manages to break through the resistance, Dogecoin has the potential to continue its rally towards $0.273, which could also recoup the losses incurred last July.

If DOGE is able to cross $0.241 and make it a new support level, the bullish momentum will get stronger. In this case, the next target is $0.273, which opens up more profit opportunities for investors who still hold this asset.

Positive sentiment from medium-term holders also has the potential to drive price movements in this direction.

However, if Dogecoin fails to hold at $0.222 and drops below, the price risks returning to the $0.209 or even $0.199 level. A further drop would invalidate the current bullish projection and extend the losing trend of the past few weeks. Therefore, maintaining support at $0.222 is of key importance for DOGE’s recovery chances.

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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 have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

Reference:

• BeInCrypto. Doge Maturing Could Drive Dogecoin Price. Accessed on August 22, 2025
• CoinSpeaker. Dogecoin Price Recovery Ahead as Investors Add $4.9 Billion DOGE. Accessed on August 22, 2025