Dogecoin (DOGE) Experiences a Price Correction: Is it the Beginning of a Deeper Correction?

Updated

September 23, 2025

Gambar Dogecoin (DOGE) Experiences a Price Correction: Is it the Beginning of a Deeper Correction?

Jakarta, Pintu News – Dogecoin price has weakened again after breaking important support at $0.2650 (≈ Rp4,410). According to technical analysis quoted from NewsBTC (September 22, 2025), this weakness could continue to the lower support zone if it does not recover soon.

Bearish Trend Below $0.26

DOGE briefly closed trading below $0.2720, then broke the $0.2620 and $0.2550 support levels. The decline continued to form a low at $0.2451 (≈ IDR4,070).

Currently, DOGE is trading below $0.250 and is below the 100-hourly SMA, signaling the short-term trend is still bearish. A descending trendline with resistance at $0.2550 also reinforces the selling pressure.

Also Read: 5 Shocking Facts About AVAX: Up 10.52% in 24 Hours, Price Breaks IDR 583,000!

Resistance Levels to Break

If there is a recovery rally, analysts highlight two important levels:

First resistance: $0.2520 (≈ €4,190)
Key resistance: $0.2720 (≈ €4,525), adjacent to the 61.8% Fibonacci retracement level of the $0.2887 → $0.2451 decline.

If DOGE manages to close above $0.2720, the price could test $0.280-$0.2880 again, potentially even $0.30 (≈ IDR4,990).

Risk of Further Decline

Conversely, if DOGE fails to hold above the $0.2450 support, then the decline could continue to:

Next support: $0.2320 (≈ Rp3,860)
Key support: $0.2250 (≈ Rp3,740)
If broken, deeper correction targets could reach $0.2120-$0.2050.

Technical indicators favor a bearish scenario:

MACD DOGE/USD is getting into the negative zone.
TheRSI is below the 50 level, signaling dominant selling pressure.

Conclusion

Dogecoin is facing a critical phase below $0.25. If the rebound above $0.2550-$0.2720 fails, the risk of a drop to $0.2250 increases. However, if it manages to break the resistance, DOGE has a chance to recover towards $0.28-$0.30.

Investors are advised to monitor the $0.2450 level as key, as it will determine whether DOGE is just a healthy consolidation or is heading for a deeper decline.

Also Read: 5 Facts on Hedera (HBAR) Price Pressure: Can it Survive Above IDR3,940?

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