09.04.2025
Jainam Mehta
Contributor
09.04.2025

Dogecoin price trades near make-or-break zone as downside pressure intensifies

Dogecoin price trades near make-or-break zone as downside pressure intensifies DOGE stays under pressure below trendline resistance as bears target 0.14 breakdown

Dogecoin (DOGE) is approaching a key inflection point, trading just above the $0.1429 cycle low, a level last tested in March. After repeatedly failing to clear resistance between $0.158 and $0.165, the meme-inspired cryptocurrency remains under a firm bearish grip. Price action continues to trace a pattern of descending wedges and lower highs, indicating a broader downtrend since February.

A break below current levels could trigger a drop toward the 1.618 Fibonacci extension at $0.1041, with additional support seen near $0.041 from the 2.618 extension. To reverse this trajectory, DOGE must reclaim the $0.165–$0.179 range, which includes the descending trendline and several key exponential moving averages (EMAs).

DOGE price analysis (March 2025 - April 2025) Source: TradingView.

Technical indicators reinforce bearish sentiment

On the 4-hour chart, all major EMAs—20 ($0.1498), 50 ($0.1581), 100 ($0.1653), and 200 ($0.1786)—are aligned downward, underscoring sustained weakness. The current price trades below all of them, with no bullish crossover in sight. Momentum indicators mirror this weakness. The RSI sits at 41.54, showing lackluster recovery, while the Stochastic RSI is approaching overbought territory, warning of another potential pullback.

The MACD has made a minor bullish crossover, but both MACD and signal lines remain well below zero, suggesting weak underlying momentum. Meanwhile, the Bollinger Bands show increasing volatility, with DOGE hovering near the lower band—often a precursor to short-lived relief rallies, not structural reversals.

Short-term rally faces strong resistance ahead

DOGE’s 30-minute chart shows attempts to reclaim $0.150, but the short-term resistance at $0.15337 remains intact. A successful breakout here could push price toward $0.1617 and eventually $0.1711. However, unless DOGE decisively breaks above $0.1798—the long-standing trendline resistance—the broader bearish outlook will prevail. A close below $0.1429 could invite further losses toward $0.1041.

In our previous analysis, we highlighted the significance of the $0.165 barrier. Price has since failed to clear it, validating the bearish setup and reinforcing downside risk toward $0.14 and $0.10.

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