Dogecoin Stalls at $0.17 — Is the Hype Fading? LMACD Signals a ‘Frozen’ Market Ahead!

Jakarta, Pintu News – As reported by Crypto Basic, Dogecoin’s (DOGE) monthly LMACD indicator is showing signs of a possible reversal, signaling further momentum weakness.

Currently, the Dogecoin price is trading at $0.1703, a slight increase of 0.18%.

As of mid-2025, the price of the cryptocurrency is still far from its record high of $0.74, signaling ongoing bearish pressure.

Dogecoin Price Rises 0.18% within 24 Hours

As of June 19, 2025, Dogecoin saw a modest 24-hour gain of 0.18%, trading at $0.1703 — around IDR 2,784. During the day, DOGE fluctuated between a low of IDR 2,685 and a high of IDR 2,808.

At the time of writing, Dogecoin’s market cap stands at around $25.51 billion, with trading volume dropping 12% to $945.66 million within 24 hours.

Read also: Is History Repeating? Dogecoin’s ADX Sparks Rumors of $4.5 ‘Explosive’ Surge!

LMACD Shows Bearish Momentum

According to crypto analyst Tony “The Bull” Severino, CMT, Dogecoin’s 1-month LMACD (Logarithmic MACD) indicator shows that the downward trend is likely to continue, as it has in previous cycles.

The LMACD line is currently still below the Signal line, while the histogram remains negative – signaling weak market momentum.

Looking back at the 2017-2018 period, Dogecoin briefly showed a bullish trend, characterized by the LMACD line being above the Signal line and a positive histogram – a sign of strong momentum. However, when the DOGE price peaked at $0.017 on January 7, 2018, the trend began to change direction.

Specifically, the LMACD started moving into negative territory and the histogram showed a decrease in momentum. This shift was the start of a downward price trend, which eventually saw Dogecoin’s price fall to $0.002 in April 2018.

The period 2020-2021 is a major turning point. During this time, the LMACD indicator strongly favors a bullish trend, indicating a potential price increase.

This strong momentum brought Dogecoin up to an all-time high of $0.68 on May 8, 2021. The LMACD histogram remained green during this phase, reflecting the strong positive impulse.

Read also: Bitcoin Holds Strong at $104K — Is a Skyrocketing Surge to $466K Coming Soon?

However, by 2022, LMACD began to signal a trend reversal.

LMACD Reversal in 2022

After peaking in 2021, the LMACD position started to shift. The histogram turned red, and the LMACD line dropped to break below the Signal line – signaling the end of Dogecoin’s bullish phase.

This reversal marked the beginning of a downward trend that continued throughout 2022. By mid-June 2022, the Dogecoin price had dropped to around $0.05.

The negative position on the LMACD indicator, coupled with the red histogram, shows that Dogecoin is entering a market phase with weak momentum.

The latest LMACD data also indicates ongoing bearish conditions. The LMACD is currently at 0.1440, while the Signal line is at 0.1704. The histogram is still negative at -0.0263, which confirms the weak momentum.

These negative signals reflect the pressure still weighing on Dogecoin’s price trend.

According to the analyst, this 1-month LMACD condition suggests that Dogecoin could be “turning around and dying”, indicating a further weakening of momentum.

Analysts Predict Massive DOGE Price Recovery

Despite the LMACD indicator showing bearish momentum, some analysts remain optimistic that Dogecoin still has the potential to rally again.

One of them is Trader Tardigrade, who states that Dogecoin tends to follow a certain price movement pattern, especially after the breakout phase.

According to Tardigrade, the cryptocurrency could experience a rally similar to previous price movements, especially after a significant period of consolidation.

Tardigrade’s analysis suggests that Dogecoin may enter an accumulation phase in the $0.18 to $0.20 price range.

Read also: Ethereum Holds $2,500 as Whales Keep Buying — Is a Massive ETH Breakout Coming?

If DOGE is able to hold this support level, there is a chance of a bullish breakout that could push the price towards $0.6533 – a jump of more than 260% from the current price.

On-Chain Data Shows Change in Market Sentiment

On the other hand, data from CoinGlass shows a change in market sentiment towards Dogecoin in the derivatives market.

Dogecoin’s open interest (OI) saw a slight increase of 0.08%, reflecting the growing interest in the asset, despite weak technical signals.

In addition, Dogecoin’s trading volume is also fairly high, which could be an indication that the market is preparing for the next big move.

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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:

• Crypto Basic. Analyst Says Dogecoin LMACD Shows Signs of Rolling Over and Playing Dead. Accessed on June 19, 2025