Dogecoin on the Edge: Bearish Pattern Signals Imminent 15% Price Crash

Jakarta, Pintu News – Reporting from Coingape (5/6/25), Dogecoin (DOGE) is currently trading at $0.192 and is on the verge of a decline from a technical bearish flag pattern.

Flag patterns, both bullish and bearish, fall under the category of trend continuation patterns, which means that the price tends to continue the direction of the previous trend.

In the case of DOGE, short-term analysis shows that there is a possibility of a sharp price drop, which could happen as soon as tomorrow.

If this bearish flag pattern is confirmed, then DOGE is at risk of a further decline, following the previous downward trend.

Dogecoin (DOGE) Price Analysis: Potential Crash Lurks Amid Nearly Completed Bearish Pattern

The Dogecoin (DOGE/USD) price chart on the 4-hour timeframe shows the formation of a bear flag pattern. The sharp 18% drop that occurred between May 29 and 31 formed a flagpole, while the subsequent upward price consolidation formed a flag.

Read also: Dogecoin Crashes Hard — But Could This Be the Start of a 150% Surge?

This pattern is usually confirmed if the price of the DOGE closes the candle firmly below the lower trend line of the flag, signaling a potential continued decline.

Currently, the price of DOGE is trading at $0.192, down 2.13% from today’s high of $0.204.

The RSI (Relative Strength Index) in the 4-hour chart shows rejection at mid-level, indicating a lack of buying pressure and reinforcing the dominance of the bearish momentum.

Meanwhile, the Awesome Oscillator (AO) indicator is showing cautiously optimistic signals, with the green histogram starting to narrow and trying to break above the zero level.

If AO manages to break upwards convincingly, it could be a sign that buyers are trying to take over, and DOGE prices might bounce off the lower line of the flag, thus delaying the downward breakout.

Overall, however, the technical signals are still leaning towards a bearish direction, especially given the uncertain market conditions, particularly on Bitcoin (BTC). Currently, institutional attention is more focused on Ethereum (ETH) than BTC.

In fact, BlackRock recently sold some of its Bitcoin holdings and allocated funds to ETH. If the price of Bitcoin experiences a sharp decline, this could trigger a crash not only for DOGE, but also for other altcoins.

Important Levels to Watch on Dogecoin (DOGE) Price

• Confirmation of Decline:
  Dogecoin price decline will be confirmed if it breaks below $0.191. This will mark the price’s exit from the bear flag pattern and open up further downside opportunities.
• Theoretical Downside Target:
  The technical projection method shows a potential decline of 13% towards $0.165, calculated from the flag peak at $0.210.
• Realistic Scenario:
  Realistically, Dogecoin risks falling up to 16% from the $0.191 breakout point, indicating considerable selling pressure.
• $0.165 Level – Key Zone:
  The $0.165 level is very important because it was previously the price reversal area in late April to early May, which then triggered a 55% rally. Therefore, if the price returns to this area, it could be an attractive buying opportunity for short-term speculation, especially for traders looking for a quick rebound.

In short, $0.191 is the critical limit for breakdown confirmation, and $0.165 is the primary target and historical support zone that traders should keep an eye on.

Read also: PEPE Coin Set to Explode? This Surprising Bullish Signal Could Trigger a Massive Rally to $0.000026!

Dogecoin (DOGE) Medium to Long Term Outlook Still Positive

Although Dogecoin’s short-term outlook currently shows bearish pressure, investors should not discount the medium to long-term outlook which remains bullish.

Previous analysis from the CoinGape page states that the Dogecoin price prediction for 2025 still shows significant upward potential, even opening up opportunities to touch the all-time high price (ATH) again.

Analyst Mary Muthoni predicts that the price of DOGE could surge up to 500% to $1.23 if certain technical signals reappear – repeating previous historical patterns.

He also emphasized that Dogecoin has the potential to print a new ATH in 2025.

However, Muthoni gives an important note: June could be a drag on the DOGE price rally.

He referred to historical data showing that Dogecoin’s returns during June were weak, so investors should be wary of volatility and a potential short-term correction.

Overall, although short-term selling pressure still looms, the outlook for DOGE going forward remains promising, especially for investors who are prepared for fluctuations and eyeing huge growth potential in 2025.

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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:

• Coingape. Bearish Technical Pattern Predicts Dogecoin Price May Crash 15% Accessed on June 5, 2025