18 August 2025
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Dogecoin Price Declines Below $0.240 Amid Bearish Momentum
Dogecoin (DOGE) Analysis
- DOGE price has declined below $0.2420, now trading below $0.2320 and the 100-hourly moving average.
- A break occurred below a rising channel with support at $0.2295.
- If DOGE remains above $0.2165, it may initiate an upward move.
- Resistance levels are at $0.2320 and $0.2420; a close above $0.2420 could lead to $0.250.
- Initial support is at $0.2220, with major support at $0.2165 and $0.2150; below $0.2150, it may decline towards $0.2050 or $0.2020.
- Technical indicators show bearish momentum in the MACD and RSI below 50.