Market Overview for DogeCoin (DOGEUSD) – August 26, 2025

• DOGEUSD opened at $0.21977 and closed near $0.21027 after a volatile 24-hour session.
• A sharp bearish breakdown below key support at $0.21485 led to a 2.8% decline.
• Volume surged during the breakdown but dried up in the final hours, signaling uncertainty.
• RSI and MACD both show bearish momentum, suggesting further downside risk.
• Price appears to be testing lower Bollinger Band levels amid increased volatility.

DogeCoin’s DOGEUSD pair opened at $0.21977 on August 25 at 12:00 ET and closed at $0.21027 the following day. The pair hit a high of $0.21979 and a low of $0.20691, with a total volume of 366,028.5 and a notional turnover of approximately $77,400 (based on average price). This session was marked by a sharp bearish move in the late hours of August 25 and early August 26.

Structure & Formations

Price action began with a bearish engulfing pattern as DOGEUSD moved from $0.21977 to $0.21702 in the first two candles. A sharp breakdown then occurred after a long bearish candle formed between $0.21637 and $0.21485, suggesting increased selling pressure. Price later found a short-term floor near $0.207 and bounced into a bullish engulfing pattern in the early morning hours of August 26. However, this rally lacked follow-through volume and faded quickly. Key support levels identified are $0.21485 and $0.207, while resistance appears at $0.21762 and $0.21864.

Moving Averages

The 20- and 50-period moving averages on the 15-minute chart crossed to the downside during the breakdown, indicating bearish momentum. On the daily chart, price closed below the 50- and 100-day moving averages, reinforcing a bearish bias for the near term.

MACD & RSI

The MACD line dropped below the signal line during the key bearish move, confirming the downward shift. RSI fell from the 60s to the low 30s, suggesting a moderate oversold condition. However, the move down was accompanied by strong volume, indicating conviction rather than a potential rebound. The RSI is currently near 35, which may suggest a short-term pause, but momentum remains bearish overall.

Bollinger Bands

Volatility spiked during the breakdown, expanding the Bollinger Bands. Price reached the lower band near $0.20691, then bounced into the mid-band range. While this could signal a potential rebound, the lack of volume behind the bounce weakens its conviction. Continued pressure below the mid-band may push price toward the lower band again.

Volume & Turnover

Volume spiked during the sharp breakdown from $0.21637 to $0.21485, with over 44,784 volume in one candle. However, in the final hours of the 24-hour window, volume dropped significantly, suggesting indecision among traders. This divergence between price and volume could indicate a potential short-term pause or a false bottom.

Fibonacci Retracements

Applying Fibonacci to the recent bearish swing from $0.21977 to $0.20691, key retracement levels include $0.21485 (38.2%) and $0.21234 (61.8%). Price briefly tested $0.21485 but failed to hold above it, suggesting continued bearish bias. A retest of the 61.8% level in the coming session may be likely if buyers emerge.

Over the next 24 hours, DOGEUSD may face a critical test at $0.21234–$0.21485. If buyers fail to hold this zone, further downward movement toward $0.20500 could follow. Traders should remain cautious, as volume divergence and bearish momentum indicators suggest limited near-term upside potential.