Trump's Pro-Crypto Stance Boosts Dogecoin, But Analysts Warn of Correction Risks

Dogecoin's price surge has reached over 30% in just one week, according to CoinGecko data. The memecoin briefly touched $0.099 on August 22, 2026, but retreated to $0.091 as the market showed signs of correction. Analysts caution that recent gains could be short-lived due to rising volatility.

The price increase coincided with a widely discussed cryptocurrency event hosted by US President Donald Trump at the White House. During the event, Trump stated that the United States plans to purchase significant amounts of Bitcoin and other cryptocurrencies, sparking investor enthusiasm.

Despite renewed momentum across the broader market, inflation fears and the Federal Reserve's outlook pose risks for Dogecoin's price in the short term. The latest Consumer Price Index data showed US inflation moderating but still above the Fed's 2% target.