Dogecoin Price Drops As Thumzup Eyes DOGE Payments

The Dogecoin price slid 5% in the last 24 hours to trade at $0.1964 as of 3:50 a.m. EST on a 21% plunge in trading volume to $2.8 billion.

This fall came despite Thumzup Media, a company with strong ties to President Donald Trump, announcing plans to integrate Dogecoin (DOGE) as a payment mechanism for users of its Thumzup app.

The Company said the initiative could strengthen its rewards infrastructure, reduce payment friction, and support the expansion of its creator monetization model across broader geographies. It may also push DOGE toward greater mainstream adoption.

TRUMP FAMILY-BACKED $BTC AND $DOGE TREASURY FIRM ‘THUMZUP’ $TZUP CONSIDERS ADDING $DOGE REWARDS TO ITS MOBILE ADVERTISING APP pic.twitter.com/zVd3GesUIa

— The Wolf Of All Streets (@scottmelker) October 15, 2025

“Exploring Dogecoin integration is an important next step in our journey to create a scalable, low-friction rewards engine,” said Robert Steele, Chief Executive Officer of Thumzup. “If successful, this change could improve our unit economics and increase appeal to a broader, crypto-friendly creator base.”

X MONEY IS PREPARING FOR GLOBAL ROLLOUT

And it will enable users to send and receive funds instantly across borders.

Money and the Internet are finally becoming one.

Could DOGE play a significant role in X Money’s instant payment network?

Bit Origin is already betting on it… pic.twitter.com/dxv5uaL5dE

— Mario Nawfal (@MarioNawfal) October 15, 2025

Steele also said it could lead to higher user satisfaction.

Thumzup, The Trump Effect, And On-Chain Signals

Thumzup Media now holds around 7.5 million DOGE in its treasury, along with Bitcoin and other large-cap assets.

This follows a $2.5 million investment in DogeHash Technologies, a Dogecoin mining company. The move signals serious belief in the meme coin’s tech and future as a payments rail.

The Trump connection adds more buzz. Trump’s own family members are supporters of both Thumzup and Dogecoin, and the linkage could open the door to broader cultural and political adoption in the US. Trump-linked companies moving into DOGE is a confidence boost for investors looking at the meme coin’s next chapter.

Thumzup’s plan is to roll out DOGE rewards in phases, once technical and legal checks are finished. The payout system will run side-by-side with standard cash, letting users choose. This dual track should help DOGE attract both crypto fans and users new to digital assets.

On-chain activity is also on the rise. Active wallet addresses and transaction counts have climbed, reflecting a growing user base using Dogecoin for payments and sending coins across the network.

Dogecoin Number of Active Addresses Source: Glassnode

If Thumzup adopts DOGE payments for all users, more wallets and transactions could follow, further boosting these metrics and setting the stage for wider adoption.

Dogecoin Price Prediction

Looking at the Dogecoin weekly chart, the price is at $0.19684, slightly below the 50-week simple moving average (SMA) of $0.24817, which is now acting as strong resistance. The key support is the 200-week SMA at $0.13654, which lines up with a broader horizontal demand zone.

Each dip towards this zone has triggered buying interest in recent months, keeping the price above deeper lows.

DOGEUSDT Analysis Source: Tradingview

On resistance, immediate overhead is at $0.24817. If Dogecoin breaks above this mark, the next targets are $0.30 and $0.48, with additional upside if volume increases and new buyers join.

The Relative Strength Index (RSI) is near 46, signalling that DOGE is neither overbought nor oversold, meaning there’s plenty of room for a move in either direction. The MACD (Moving Average Convergence Divergence) is flat, with neither buyers nor sellers decisively in control at the moment.

The ADX (Average Directional Index) is at 18.7, confirming that the current trend is weak but stable.

If Dogecoin can break above the $0.24817 resistance zone, the next upside targets are $0.28 and $0.30, especially if positive news about Thumzup’s rollout picks up more media attention.

On the downside, if prices break below $0.13654, support sits at $0.0805. But such a move would likely trigger heavy buying from traders who missed earlier rallies.

Dogecoin’s next move may depend on how quickly these features reach users and attract wider crypto inflows.​

If DOGE holds above $0.19 and Thumzup launches without issues, a push toward $0.25 or higher is likely. Any large-scale user adoption could see the price run much further, making Dogecoin one to watch in the weeks and months ahead.

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