Dogecoin Price: Is It Heading to the Moon or Just a Big Ol’ Slump?

by

What You Need to Know, or Not… But Here It Is Anyway

Dogecoin decided to take a nap, dropping 5.8% because Bitcoin had a little meltdown and fell below $112k. RSI and OBV are sending us ominous signals, while the heatmap is waving goodbye to $0.24. Now, we’ve got $0.207-$0.21 as the next “let’s hope this doesn’t tank too” zone.

So, Dogecoin [DOGE] slipped by 5.81% on Monday, the 25th of August (yep, that happened). As of the time you’re reading this, it’s looking like the dog’s not running too fast anymore.

The lower timeframe charts (that no one ever really looks at) are whispering that things might get a little more “bear-ish,” especially with Bitcoin [BTC] having a tantrum and dropping below $112k. Can you feel the excitement? Neither can I.

Dogecoin has been bouncing around between $0.142 and $0.25 since March. It tried to escape the range in July, but like a kid who can’t reach the top shelf, it failed.

Then, Bitcoin decided to take a quick nap from $120k to $114.7k, and there went Dogecoin’s breakout hopes. *Sigh*.

At this very moment (as you read this, in the future), Dogecoin is eyeing the middle of its range at $0.196. And, surprise surprise, the OBV is hanging out near early-August lows, screaming “SELL!” every two seconds.

The RSI isn’t doing any better either, showing signs that the bears might take control. But who’s really keeping track at this point?

What’s Going to Happen to Dogecoin This Week? (Spoiler: Probably Nothing Good)

Let’s face it, Monday didn’t start strong for the crypto world. After Bitcoin threw a tantrum at $113.6k, the entire altcoin market decided to lose 4% in value. That’s a whole lotta sadness.

Dogecoin couldn’t even hold on to the $0.224 mark. That was the 75% support level, by the way, for those who enjoy the technical mumbo-jumbo. Spoiler: It’s gone.

With all the bearish momentum, it seems like Dogecoin will probably take a little stroll down to the $0.21 support zone. Oh, the joy!

Remember last week when Dogecoin made a little rally from this exact zone? Yeah, it got stuck at $0.241. The dreams of breaking out? Gone.

Liquidation Heatmap Says “Welcome to $0.207”

The 2-week Liquidation Heatmap (it sounds fancy, right?) showed that $0.24 was the “magnetic” level. Once it got swept, Dogecoin did what any sensible crypto does and reversed dramatically. Classic.

The next big hotspot is $0.207. Ah yes, the sweet spot for dreams of a mini-recovery.

Now, this zone is just a tiny bit below the “bullish order block” (yes, that’s a real thing), but who knows? Maybe Dogecoin will drop like a rock to the $0.20-$0.21 range and, if the buyers can find their way back, it could make a miraculous little rebound. But I wouldn’t bet my lunch money on it.

Read More

2025-08-26 05:16