Dogecoin (DOGE) Price Drop Back? Here’s the Data Analysis!

Jakarta, Pintu News – Dogecoin (DOGE) experienced a significant price drop below the $0.260 zone against the US Dollar. Currently, DOGE is consolidating and has the potential for further declines if it remains below $0.2550.

Dogecoin (DOGE) Recent Performance

Dogecoin (DOGE) started a fresh decline after closing below $0.2620, following in the footsteps of Bitcoin (BTC) and Ethereum (ETH). DOGE dropped below the $0.260 and $0.2550 support levels. In fact, the price has been trading below $0.2450, recording a low near $0.2430. Recently, DOGE tried to recover, but the effort was hampered by selling pressure near the $0.260 resistance.

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Technical Analysis: Challenges and Resistances

On the Dogecoin (DOGE)/USD hourly chart, a bearish trend line was formed with resistance at $0.2570. Currently, the Dogecoin (DOGE) price is below the $0.2550 level and the 100-hour simple moving average. In case of a recovery wave, the immediate resistance is at the $0.2550 level. The next major resistance for the bulls is near the $0.2570 level and the trend line.

Potential Recovery: Bulls’ Expectations

If Dogecoin (DOGE) manages to break above the $0.260 resistance, there is a possibility that the price will head towards the $0.2780 resistance. Further gains could push the price towards $0.2840. If this momentum continues, the next target for the bulls would be $0.2920. However, all of this depends on Dogecoin’s (DOGE) ability to maintain momentum above the critical levels mentioned.

Downside Risk: Critical Support Areas

If Dogecoin (DOGE) fails to rise above $0.2550, the price may continue to move down. Initial support is near $0.2470, with the next major support near $0.2420. Key support is at $0.2350. In the event of a break below this support, prices could continue to decline. In that scenario, prices may slide towards $0.2120 or even $0.2050 in the short term.

The Future of Dogecoin (DOGE)

Dogecoin (DOGE) investors and traders should remain vigilant of current price movements. Monitoring the support and resistance levels mentioned can provide insight into the potential future direction of the Dogecoin (DOGE) price. Investment decisions should be based on careful analysis and continuous market monitoring.

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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

• NewsBTC. Dogecoin (DOGE) Weakens Again, $0.2550. Accessed on October 10, 2025