DOGE Analysis: Dogecoin Sellers Dominate the Market, DOGE Price Struggles to Break $0.20

Jakarta, Pintu News – Dogecoin (DOGE) is facing intense selling pressure, with a price drop of around 15% over the past week.

According to BeInCrypto (11/3/25), technical analysis shows a strong downward trend, and if this condition continues, Dogecoin (DOGE) has the potential to test the support level at $0.142.

However, with the return of enthusiasm for this meme coin and increased buying activity, Dogecoin (DOGE) may try to recover, with important resistance targets at $0.19 and $0.22.

Ichimoku Cloud Analysis for Dogecoin (DOGE)

The Ichimoku Cloud chart for Dogecoin (DOGE) shows a bearish configuration.

Read also: Dogecoin Price Up 5% Today (12/3/25): Crypto Analysts See Potential Rebound in DOGE!

The price is currently below the blue Tenkan-sen (conversion line) and red Kijun-sen (base line) lines. This indicates that the short-term momentum is still negative as Dogecoin (DOGE) struggles to break through these resistance levels.

The red Ichimoku Kumo (cloud) further reinforces the existing bearish view, with the cloud sitting well above the current price. A further drop in the Tenkan-sen and Kijun-sen lines confirms the strength of this bearish trend.

Efforts for recovery will remain weak unless Dogecoin (DOGE) can overcome these lines. Current conditions suggest that selling pressure is still very strong, and price recovery may require a significant change in market dynamics.

Directional Movement Index for Dogecoin (DOGE)

On the Directional Movement Index (DMI) chart for Dogecoin (DOGE), the Average Directional Index (ADX) is currently at 39.1, up sharply from 17.1 in just a few days.

ADX is a measure of trend strength, with numbers above 25 signaling a strong trend and numbers below 20 indicating weak or volatile market conditions.

A quick spike in the ADX confirms that the Dogecoin (DOGE) downtrend is getting stronger, suggesting that sellers are still dominating the market. The continuous rise in ADX reinforces the view that the current bearish trend is getting stronger.

This suggests that sellers have a significant advantage in the market, and buyers may find it difficult to reverse the situation without a fundamental shift or change in market sentiment.

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Dogecoin (DOGE) struggles to reach $0.20

Dogecoin (DOGE) price has dropped 18% in the past seven days, reinforcing the bearish trend due to the continued dominance of selling.

If this downward trend continues, Dogecoin (DOGE) may soon test the key support level at $0.142, which is a critical point that could determine whether further declines will occur.

If the price falls below this level, Dogecoin (DOGE) could drop below $0.14 for the first time since October 2024, reinforcing the bearish view.

Given the current price structure, the lack of significant buying pressure suggests that the path of lowest resistance remains to the downside unless a momentum shift occurs.

However, if enthusiasm for this meme coin returns and buying pressure increases, Dogecoin (DOGE) may be able to break out of its bearish structure and reclaim key resistance levels.

Overall, in the current market conditions, it is important for investors and observers to pay attention to technical indicators and changes in market sentiment to understand the future direction of Dogecoin (DOGE).

While there is potential for recovery, current factors suggest that Dogecoin (DOGE) may still face further challenges before it can achieve stability.

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

Reference:

• BeInCrypto. Dogecoin Sellers Dominate, Price Still Struggles. Accessed on March 12, 2025