Dogecoin News Today: Dogecoin Stabilizes Above $0.18 Amid Mixed August Price Outlook

Perplexity AI has released a price prediction for Dogecoin (DOGE) for August 2025, forecasting a range-bound scenario influenced by broader market sentiment and key technical levels. Despite a short-term recovery, DOGE remains down 7.83% over the past week, with a market capitalization of $31.46 billion and a daily trading volume of $1.73 billion, indicating continued trader activity [1]. The two-hour chart shows DOGE stabilizing after a sharp decline from its July highs near $0.30, with the RSI at 63.99 suggesting buyer momentum, though resistance looms ahead at $0.22 and $0.25.

Perplexity AI’s projection anticipates DOGE trading between $0.18 and $0.25 in August, depending on macro-level crypto sentiment and Bitcoin’s performance [2]. A sustained move above $0.25 could open the path to $0.28–$0.30, but a failure to hold above $0.20 could lead to a retest of $0.18 or lower. Analysts highlight several key drivers for DOGE’s performance in August, including Bitcoin’s direction, retail trading sentiment, and potential influence from high-profile figures such as Elon Musk [3].

A recent breakdown below critical support levels, as reported by Cryptonews, has raised concerns about further downward pressure on DOGE. Whale outflows have intensified, with significant transfers of large DOGE holdings to new wallets or exchanges. This activity increases the risk of continued bearish momentum unless a reversal is identified [1]. The broader altcoin market remains under pressure, and DOGE’s price action is likely to reflect this environment, especially if the market shifts into a risk-off phase.

In contrast, Blockonomi noted that DOGE has managed to hold above the $0.1820 level, a crucial support that helps maintain a bullish bias [3]. A successful defense of this level could pave the way for a potential rebound to $0.2075, signaling a technical correction rather than a sustained bearish trend. However, any failure to hold above $0.18 could trigger a deeper correction toward $0.15.

Perplexity AI’s price forecasts for other cryptocurrencies, including XRP, Shiba Inu, and Pepe, are also gaining attention, reflecting the increasing role of AI-driven models in cryptocurrency price analysis [2]. While these predictions are speculative, they provide valuable context for traders and investors navigating a volatile market. Nevertheless, market participants are urged to conduct independent research and consider multiple indicators before making investment decisions.

Source:

[1] Cryptonews - DOGE breaks key support as whale outflows spike – Dogecoin price prediction now weighs a breakdown against signs of a major reversal (https://cryptonews.com/news/dogecoin-price-prediction-whale-outflows-spike-as-doge-breaks-key-support-is-a-full-breakdown-coming/)

[2] NewsData.io - Perplexity AI Predicts the Price of XRP, Shiba Inu and Pepe by the End of 2025 (https://newsdata.io/crypto-news-api)

[3] Blockonomi - Dogecoin Holds Key Support, Eyes Reversal Toward $0.2075 (https://blockonomi.com/)