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

Jakarta, Pintu News – Dogecoin (DOGE) 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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*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 are subject to high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying andselling Bitcoin and other crypto asset investments are the responsibility of the reader.

Reference:

• Aayush Jindal, NewsBTC. Dogecoin (DOGE) Drops Over 5% – Is This the Start of a Bigger Crash? Accessed September 23, 2025