Dogecoin (DOGE) Price Drop Prediction: Is It the Right Time to Sell?

Jakarta, Pintu News – Dogecoin (DOGE) has been struggling to break above $0.2180 and has declined after some gains against the US Dollar. Currently, DOGE is consolidating and may see a drop below $0.1920.

Dogecoin (DOGE) Market Dynamics

After stabilizing above $0.20, Dogecoin (DOGE) started a new upswing, similar to Bitcoin (BTC) and Ethereum (ETH). DOGE managed to break the $0.2050 resistance and entered the positive zone. However, after reaching a peak at $0.2182, the price started to correct the gains made. Now, DOGE is trading below $0.2050 and the 100-hour simple moving average.

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Technical Analysis: Bearish Trend Lurking

There is a bearish trend line formation with resistance at $0.2025 on the hourly chart of the DOGE/USD pair. In case of another rise, the immediate resistance is near $0.2025. The next major resistance for the bulls is near $0.2085, and if successfully broken, could push the price towards $0.2180. However, if the DOGE fails to break $0.2085, there could be a further downward correction.

Potential for Further Decline

Initial support on the downside is near $0.1930, which is the 61.8% Fib retracement level of the move up from $0.1788 to $0.2182. The next major support is near $0.1880. If the price manages to break below the key support at $0.1800, the DOGE may see a deeper drop. In that scenario, the price could slide towards $0.1665 or even $0.1650 in the near term.

Conclusion: Beware of Dogecoin (DOGE) Volatility

Technical indicators are now showing stronger bearish momentum. The MACD (Moving Average Convergence Divergence) for DOGE/USD is now in the bearish zone, and the RSI (Relative Strength Index) is below the 50 level. Investors and traders should be aware of the potential for further declines and consider their strategies carefully.

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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) Bears Dominate $0.20. Accessed on October 17, 2025