TLDR
- Dogecoin Foundation Director Timothy Stebbing reveals Project Sakura – a secret protocol test to transition DOGE from proof-of-work to proof-of-stake
- The initiative aims to protect Dogecoin from 51% attacks following Monero’s recent security breach
- DOGE price currently trades near $0.22 within a symmetrical triangle pattern despite 4% recent drop
- Open interest reached $1.7 billion with trading volume at 98 million, showing increased speculative activity
- Technical analysis suggests potential 170% gain to $0.44 if DOGE bounces from $0.165 support level
Timothy Stebbing, Director of the Dogecoin Foundation, has revealed Project Sakura. This secret protocol test could change Dogecoin’s future direction.
The project aims to transition Dogecoin from proof-of-work to proof-of-stake consensus. This comes after Qubic’s 51% attack on Monero raised security concerns across cryptocurrency networks.
Stebbing sees this as creating a system that reflects Dogecoin’s changing objectives. He wants DOGE to become a global means of exchange rather than just a store of value like Bitcoin.
The proposal aligns with Dogecoin’s “do only good everyday” community ethos. However, some community members oppose the change as a departure from the original architecture.
Some 4am reflections on my recent posts about PoS/PoW.
I am somewhat autistic, being a software nerd there's a high predilection for that I suppose. I'm pretty good at masking it because back when I was a kid we learned to operate as functional humans in a society, and didn'tā¦
— Timothy Stebbing (@tjstebbing) August 23, 2025
If implemented successfully, Project Sakura would enable staking on the Dogecoin network. This would protect the blockchain from 51% attacks like Monero experienced.
The protocol change could attract greater institutional support. It might also reshape how people view DOGE beyond its meme coin origins.
Current Market Performance
DOGE has lost nearly 8% of its value over the past 30 days. This compares favorably to other tokens like Bonk which dropped 41% during the same period.
SPX6900 fell 37% in the same timeframe. Trading volumes increased by 137% in the past 24 hours as DOGE hit $0.24 resistance.
The token retreated for three consecutive days after hitting that level. However, the daily chart shows DOGE remains in an uptrend.
Key support sits at $0.165 where DOGE could bounce strongly. A move to that area might generate the liquidity needed for the next upward leg.
Dogecoin Price Prediction
Dogecoin currently trades near $0.22 within a symmetrical triangle pattern. This formation shows lower highs and higher lows, creating a narrowing range.
Dogecoin $DOGE: One last dip before the breakout! pic.twitter.com/DQh70ilOas
— Ali (@ali_charts) August 25, 2025
The pattern typically signals market indecision but indicates building momentum for a sharp move. Analysts say the narrowing formation represents weeks of consolidation.
DOGE tested support along the triangle’s lower band multiple times. Each rebound suggests buying interest remains intact despite short-term pullbacks.
Resistance near $0.25 emerges as the first test if the token breaks upward. Technical watchers note consolidation cannot continue indefinitely.
Compressing ranges tend to release pressure suddenly. This could lead to a swift move in either direction once the triangle resolves.
Open interest in Dogecoin derivatives rose to around $1.7 billion. This measures the total value of outstanding futures contracts.
Increased open interest suggests higher speculative positioning from leveraged traders. Daily trading volume reached about 98 million at press time.
The MACD indicator remained flat near zero. A bullish crossover supported by higher volume could strengthen the upward case.
Without volume confirmation, momentum might remain muted within the triangle pattern. Bitcoin and other major tokens show similar symmetrical structures.
This indicates a broader market consolidation phase where assets await momentum triggers. If DOGE breaks above its formation, it could test $0.25 resistance and higher levels.
A bullish price prediction targets $0.44 in the near term. This would produce gains of nearly 170% from current support levels.
