Dogecoin price trades near $0.164 with volatility squeeze signaling potential downside breakout
Dogecoin price stalls below $0.164 as technical indicators signal rising bearish pressure
Dogecoin (DOGE) is facing mounting technical pressure as it trades below key resistance zones on both the daily and 4-hour charts. After a failed breakout attempt near $0.18, the meme coin has retreated and now hovers just above a critical short-term support at $0.146. The recent lower high formation around $0.164 suggests buyer exhaustion, with the 4-hour price structure forming a rounding top—an early warning of potential downward continuation.
DOGE is currently trapped between compressing exponential moving averages on the 4-hour chart, with the 20, 50, and 100 EMAs tightly converged near $0.161–$0.163. Meanwhile, the 200 EMA at $0.172 remains unchallenged, reinforcing the broader bearish bias. Supporting this view, the MACD histogram has turned slightly red, and the MACD line is crossing below the signal line. The RSI on the same timeframe is weakening, sitting at 47.29—below the neutral 50 mark.
Adding to the technical caution, both Bollinger Bands and Keltner Channels have tightened, signaling that a volatility breakout is imminent. These bands bracket the price action between $0.157 and $0.168. Historically, such squeezes precede a decisive move, and the direction will likely be dictated by upcoming volume surges and macro sentiment shifts.
DOGE price dynamics (March 2025 - April 2025) Source: TradingView.
Short-term bounce possible but trend remains vulnerable
Despite the dominant bearish indicators, the Stochastic RSI is now in oversold territory, with values of 18.30 (K) and 13.38 (D), hinting at a possible short-term relief rally. However, without a confirmed bullish divergence or break above the $0.164 resistance, any bounce may be limited. On the 30-minute chart, DOGE continues to form rejection wicks near resistance, and a break below $0.158 could trigger a quick drop toward the $0.155 or even $0.146 support.
As noted in our earlier technical review, DOGE remains vulnerable to deeper pullbacks unless it can reclaim the $0.1729 resistance. So far, price action has failed to invalidate the descending structure, and bears continue to control momentum.
