Dogecoin News Today: Dogecoin price falls below $0.25 as bearish momentum intensifies

Dogecoin (DOGE) continues to struggle against bearish pressure, with its price slipping below the $0.250 level against the US Dollar. The cryptocurrency is currently consolidating near the $0.2320 level, having lost key support and resistance markers such as the 100-hourly simple moving average and a key rising channel on the hourly chart [1]. This downward trajectory has reignited concerns that DOGE could slip further, potentially breaking below the $0.2250 zone and testing critical support levels such as $0.2165 and $0.2150 [1].

The recent price action reflects a lack of strong bullish momentum. After a brief rebound above the $0.240 resistance zone, the price formed a high at $0.2430 before reversing course and breaking below key levels. The 50% Fibonacci retracement of the upward move from the $0.2163 swing low to the $0.2430 high was also breached, indicating a weakening in the short-term bullish outlook [1]. Technical indicators further confirm the bearish bias—Hourly MACD is gaining momentum in the bearish zone, and the RSI has fallen below 50, signaling oversold conditions [1].

The bearish trend has coincided with developments in the broader crypto landscape. On August 17, the Qubic community announced a voting decision to target DOGE, following a recent attack on Monero. The action underscores the interconnected nature of the crypto ecosystem and raises questions about whether this move will have a tangible impact on DOGE’s price or remain a symbolic show of strength [2].

Analysts remain cautious, noting that the absence of fundamental developments leaves technical analysis as the primary guide for near-term price action. A recovery would require DOGE to hold above the $0.2165 level, with immediate resistance near $0.2295 and $0.2320. A sustained move above $0.2420 could open the door to higher levels such as $0.250 and $0.2650, but such a scenario would require a significant shift in sentiment [1].

Should the price continue to deteriorate, the next major support level at $0.2165 becomes critical. A break below this level could lead to further declines toward $0.2050 or even $0.2020 in the near term. The overall market environment remains challenging, with no clear signs of a reversal in the near future [1].

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Source:

[1] Dogecoin (DOGE) Battles Gravity, Can It Escape a Potential Freefall? https://www.newsbtc.com/analysis/doge/dogecoin-doge-battles-gravity-0-2250/

[2] Qubic community votes to target DOGE after Monero attack https://www.mitrade.com/insights/forex-analysis/more/fxstreet-DOGEUSD-202508181348