Dogecoin News Today: Dogecoin Plunges Below $0.24 Amid Bearish Signal as Open Interest Falls 15.3% and Trading Volume Surges 72.5%

Generated by AI AgentCoin World
Thursday, Jul 24, 2025 8:29 am ET1min read
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Aime RobotAime Summary

- Dogecoin (DOGE) fell below $0.24 on July 25, 2025, after forming a bearish engulfing pattern at $0.29 resistance.

- Derivative data shows 15.3% open interest drop with 72.5% volume surge, signaling potential long liquidations and overcrowded positions.

- Technical indicators confirm bearish bias: -DI (38.18) dominates +DI (11.45), ADX (29.13) confirms seller control, and price trades below all major EMAs.

- Short-term forecasts highlight critical $0.2417 support; failure could drive DOGE toward $0.2240-$0.2060, while a break above $0.2440-$0.2510 would negate bearish signals.

Dogecoin (DOGE) price action on July 25, 2025, reflects a significant reversal from earlier gains, with the cryptocurrency dropping below $0.24 after briefly surpassing $0.29 earlier in the month. This decline aligns with a broader market structure shift, as

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has retreated into a descending trend channel, marked by a bearish engulfing pattern at the $0.29 resistance level [1]. Current price activity hovers near $0.235, positioned slightly above the channel’s midline but constrained by previously broken support levels. Analysts highlight this as a critical juncture, with technical indicators suggesting sustained bearish momentum.

Derivative market data reinforces the downward trajectory. Open interest fell 15.3% amid a 72.5% surge in trading volume, signaling potential long liquidations [1]. Binance’s long/short ratio for DOGE/USDT accounts stands at 3.22, with top trader positioning skewed further at 4.47, indicating overcrowded long positions that could exacerbate downward pressure if selling persists. Options open interest, while down 40.2%, has risen 17%, suggesting renewed hedging or directional betting activity.

Technical indicators underscore the bearish bias. The Directional Movement Index (-DI at 38.18 vs. +DI at 11.45) and ADX (29.13) confirm seller dominance, while the Supertrend on the 4-hour chart has flipped bearish, with resistance now at $0.27 [1]. On the 30-minute chart, RSI has rebounded to 46.3 from oversold levels but remains below 50, and MACD (-0.00287) stays bearish. Bollinger Bands on the 4-hour timeframe are widening, with price near the lower band at $0.2322, and DOGE trading below all major EMAs (20, 50, 100, 200).

Short-term price predictions hinge on key levels. A 24-hour rebound above $0.2417 could trigger a test of $0.2515 (20 EMA) or $0.2595 (Bollinger basis), but failure to sustain above $0.2417 with strong volume may drive the price toward $0.2240 or $0.2060 [1]. The Smart Money Concepts analysis notes a bearish Change of Character (CHoCH) pattern near $0.26, compounding structural risks.

On-chain metrics, such as On-Balance Volume (OBV), show stagnant accumulation at 47.77B, reflecting weak buying interest [1]. Derivatives bias remains long-heavy, with elevated risks of a “squeeze” as overcrowded positions face liquidation pressures. For now, DOGE’s trajectory appears corrective rather than reversal-bound, pending a decisive break above $0.2440–$0.2510 to negate bearish signals.

Source: [1] [Dogecoin (DOGE) Price Prediction for July 25] [https://coinedition.com/dogecoin-doge-price-prediction-for-july-25-2025/]