Dogecoin News Today: Dogecoin (DOGE) Rises 2.3% on Bullish Patterns and Key Support Holds

Generated by AI AgentCoin World
Friday, Aug 22, 2025 7:28 am ET2min read
DOGE
--
Aime RobotAime Summary

- Dogecoin (DOGE) trades at $0.21, up 2.3% in 24 hours but down 17% monthly, with technical indicators showing bullish patterns like rounding bottom and cup-and-handle.

- Key resistance at $0.29 could trigger a rally to $0.80 by 2025 if broken, while $0.19–$0.20 support remains critical to sustain the bullish outlook.

- Analysts highlight a 6.5 risk-to-reward trade setup and improving RSI, but bearish MACD and low liquidity pose risks to the upward trajectory.

- DOGE's $33B market cap remains far below its $0.7375 all-time high, leaving significant upside potential if technical patterns confirm a sustained breakout.

Dogecoin (DOGE) is currently trading at $0.21, showing a slight gain of 2.3% over the past 24 hours, although it remains down 4.4% for the week and 17% for the month. Technical indicators suggest the asset is forming several bullish patterns, including a rounding bottom, a converging triangle, and a cup-and-handle formation—patterns historically associated with upcoming price rallies [1].

Analysts have identified key price levels that could determine the next direction of

DOGE
. The $0.29 level acts as the primary resistance, with a breakout potentially leading to a retest of previous strength when the token moved from $0.18 to $0.49. If DOGE breaks above this threshold, it could signal the start of a more sustained uptrend, with potential price targets as high as $0.80 by late 2025 [1].

The support range between $0.19 and $0.20 is seen as a critical floor for the token. A failure to hold this level could lead to further downward pressure, while a successful defense would maintain the bullish outlook. Analyst Zeinab notes that the rounding bottom pattern often precedes a new uptrend, and this development adds weight to the case for a near-term rally [1].

Meanwhile, analyst Cryptoinsightuk has highlighted a short-term trading opportunity with a favorable 6.5 risk-to-reward ratio. This setup is based on DOGE sweeping both recent highs and lows, which can trigger a reversal by triggering stop-loss orders on both sides of the market. The RSI is also showing improvement after entering oversold territory, now approaching the midpoint, which suggests momentum is building in favor of buyers [1].

Andrew Griffiths has also weighed in, identifying a cup-and-handle pattern as another bullish sign. He suggests that a confirmed move above $0.30 could push the token toward the upper channel boundary, with the $0.38 level as the next potential target if the current support holds [1].

Volume trends appear to support the bullish scenario, with steady buying interest observed in recent weeks. However, liquidity remains below levels seen during previous rallies, and a sharp increase in trading activity could be necessary to confirm the breakout [1].

On the downside, widening

Bollinger
Bands indicate increasing volatility. The upper band is currently at $0.2499, while the lower band at $0.1924 could become a new support level if the $0.19–$0.20 range fails [1]. The 9-day DEMA stands at $0.2197, with the price trading below it. A move above this level would signal early strength, while a rejection would likely maintain downward pressure.

The MACD remains bearish, with the line at -0.00203 below the signal line. The histogram bars are turning red, suggesting increasing momentum against buyers [1].

At press time, DOGE's market capitalization stands at approximately $33 billion, with trading volume near $3.4 billion. The token remains well below its all-time high of $0.7375, leaving ample room for potential upside if the technical setup continues to unfold as expected.

Sources:

[1] title:Dogecoin (DOGE) Price: Trading at $0.21 with Support Between $0.19-$0.20

(url:https://blockonomi.com/dogecoin-doge-price-trading-at-0-21-with-support-between-0-19-0-20/)