A bullish Dogecoin price prediction is back in play as Thumzup Media makes a bold move into crypto. The firm, recently in the headlines for acquiring DogeHash Technologies—a Dogecoin mining operation—has announced a $10 million stock buyback.
Thumzup’s Crypto-Focused Pivot
The stock buyback suggests Thumzup believes its shares are undervalued, but the implications run deeper for the crypto market. With growing institutional exposure to mining, sentiment is shifting, and Dogecoin (DOGE) could be a prime beneficiary.
Donald Trump Jr., the majority shareholder of Thumzup, is thought to have influenced the company’s pivot toward crypto. The acquisition of DogeHash Technologies strengthens this strategy, with the miner set to own 3,500 rigs by year-end.
Alongside mining operations, Thumzup’s balance sheet reveals 19 Bitcoin (BTC) and 7.5 million DOGE, worth around $1.7 million, highlighting a strong commitment to digital assets.
Technical Outlook: Key Support Levels in Focus
At the technical level, Dogecoin is retesting a critical trend line support zone, which aligns with the 200-day exponential moving average (EMA). This level has historically served as a springboard for rallies, and traders are watching closely to see if buyers defend it again.
If support holds, DOGE could bounce strongly toward $0.29, marking the first leg of a potential rally. A breakout above the current rising wedge formation would validate a bullish Dogecoin price prediction, targeting $0.40 in the near term. Should momentum accelerate, analysts see a possible run to $1—a level that continues to captivate retail and institutional investors alike.
Institutional Backing Adds Fuel
Beyond Thumzup’s direct exposure, institutional confidence in Dogecoin is quietly growing. The launch of the REX-Osprey Dogecoin ETF has expanded access for traditional investors, adding legitimacy to the meme-coin once dismissed as a joke. This institutional layer, combined with corporate players like Thumzup taking strategic positions, strengthens the narrative that DOGE could play a more meaningful role in the crypto cycle ahead.
The Bottom Line
Thumzup Media’s $10 million stock buyback, coupled with its Dogecoin mining expansion, is sending a clear signal: smart money may be loading up on DOGE. As the firm ramps up mining operations and bolsters its crypto reserves, Dogecoin finds itself at the intersection of institutional adoption and technical momentum.
For investors, the coming days will be crucial. If DOGE holds its support and breaks higher, the path to $0.40 and beyond looks increasingly viable. With institutional and corporate players now in the mix, the meme coin that started as a joke could be positioning itself for a serious run this market cycle.