Dogecoin Sees Price Jump as Network Hashrate Reaches All-Time High

Jakarta, Pintu News – Dogecoin (DOGE) price today showed resilience, supported by the latest on-chain signals and increased community engagement triggered by a spike in hashrate.

Analysts highlighted an important resistance level at $0.25 on DOGE’s price chart, while on-chain data showed network security reaching record highs.

Meanwhile, traders are still divided on DOGE’s price predictions in the short and long term, sparking widespread discussion in the market. However, one thing is certain: the DOGE market is gearing up for a bullish rally seen across major time frames.

Then, how is the current Dogecoin price movement?

Dogecoin Price Rises 1.50% in 24 Hours

On August 29, 2025, the price of Dogecoin recorded a slight increase of 1.50% in 24 hours, trading at $0.2229, equivalent to Rp3,652. In the last 24-hour period, the DOGE price moved in the range of Rp3,582 to Rp3,690.

At the time of writing, Dogecoin’s market cap stands at around €544.16 trillion, with a trading volume of around €29.03 trillion in 24 hours.

Read also: 3 Trending Crypto Today (August 29)

Resistance on the Weekly Chart around $0.25 is Key to DOGE’s Short-Term Targets

Based on recent observations on Dogecoin’s weekly price chart, one expert suggested that for the DOGE price to rise in the next few sessions, there needs to be a convincing breakout above the $0.25 level. If this happens, a stronger upward momentum could be triggered.

As such, a breakout above this level could potentially push DOGE prices closer to the $0.34 mark in the short-term – which would also open up opportunities for short-term traders.

However, not all analysts agree that the current momentum is strong enough. Some traders believe that Dogecoin’s long-term bullish trend hasn’t really started yet.

One analyst revealed that based on DOGE’s historical price prediction model, when momentum starts to build, DOGE’s price could surpass the previous cycle peak. Currently, the market is still at the pre-rally stage.

If the historical pattern repeats itself, the Dogecoin price has the potential to rise far beyond current levels, with some predictions even pointing to a significant rise to $6.50 or more when the bullish momentum fully kicks in.

Dogecoin Hashrate Hits an All-Time Record High

Beyond the DOGE price chart, on-chain fundamentals add an important layer of analysis. Recently, Dogecoin’s hashrate has been the most talked about topic in the community.

Read also: Arthur Hayes Predicts Ether.fi and Ethena to Soar in Double Digits Amid Stablecoin Explosion

The record-high hashrate shows that more miners are now helping to secure the network than ever before. This metric reflects both the increasing adoption and strengthening of network security.

Adding to this, Dogecoin’s official account signaled that parts of the community have moved to jointly safeguard the network from potential threats. This move demonstrates Dogecoin’s resilience and proactive stance in maintaining its network security.

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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:

• Coinpedia. Dogecoin Price Today Shows Strength as Hashrate Hits Record High. Accessed on August 29, 2025