• Dogecoin receives a major boost as Trump-backed Thumzup Media invests $2.5 million in DogeHash.
• Breaking above $0.30 could trigger a major breakout, opening doors for sustained bullish momentum.
• Community sentiment strongly favors continued growth, reflecting widespread trust in DOGE’s potential.

Dogecoin (DOGE) is once again drawing strong interest from traders and investors as its price surges amid a broader bullish shift in the crypto market. Its price over the last 24 hours has risen 2.66% and 11.02% over the last week.

At the time of writing, DOGE is trading at $0.2552 with a market capitalization of $38.59 billion. Its trading volume also increased 9.25% to $3.06 billion, indicating that traders are hopeful about bullish revesal with the growing interest.

Source: CoinMarketCap

Trump Ally Funds DogeHash to Power Dogecoin Growth

A prominent crypto analyst, TopDoge, highlighted that Donald Trump-backed Thumzup Media invests in DogeHash, sending $2.5 million for the Dogecoin (DOGE) mining network upswing. They will increase DogeHash’s deployment up to 4,000 rigs in 2025 and increase Dogecoin’s infrastructure. It reflects rising institutional demand and bridges the gap connecting traditional capital and crypto innovation.

The capital will invest in new ASIC equipment, improvement in efficiencies, and renewable incorporation to increase DogeHash’s production. With Trump-related funding in the picture, analysts envision wider usage and domination for Dogecoin in the future. With DogeHash’s expansion, 2025 may prove to be an accretive year for DOGE’s mining growth.

Also Read: Dogecoin Price Patterns Hint at Major October Rally Ahead

Dogecoin (DOGE) Eyes $0.30 With Strong Buying Pressure

The crypto analyst, CW, revealed that Dogecoin (DOGE) is approaching key resistance levels as traders anticipate its next major move. Market data indicates a strong sell wall forming at $0.27, signaling potential selling pressure that could temporarily slow the rally. Bulls are watching closely, as clearing this barrier could open the path to higher momentum and renewed confidence in the market.

Source: X

After that, the following resistance level is at $0.30, which is a psychologically intimidating level for both short and long traders and holders. Breaking through it may initiate another round of buying momentum and cement Dogecoin’s positive outlook. But refusal to pass through these areas may result in temporary corrections prior to any long-lasting push.

DOGE Investor Confidence Soars with Bullish Outlook

According to the data from CoinMarketCap, from the total of 175.7K votes, 85% members indicated optimism, and only 15% indicated pessimism. Such wide disparity in the two percentages indicates immense faith in positive market performance. Such distribution decidedly tilts in favor of positive anticipation over negative anticipation.

Source: CoinMarketCap

Overall, the community outlook has an extremely positive perspective toward the market’s future. There is majority faith in continued growth and stable performance, which is great for faith in trends in place now. Attitude is predominantly positive, implying optimism and faith in future increases.

Also Read: Dogecoin (DOGE) Targets $0.30 as New $2.5M Mining Expansion Gains Traction