Market Overview for Dogecoin (DOGEUSDT) - 2025-08-25

• DOGE/USDT posted a 24-hour low at $0.21708, indicating a bearish continuation of a multi-hour decline.
• Price action shows a strong bearish momentum with high volume at the top of the trend.
• A potential short-term oversold RSI and Bollinger Band contraction suggest possible near-term bounce, but remains below key support.
• MACD divergence indicates weakening bullish momentum as price continues to fall.
• The 15-minute chart shows a bearish engulfing pattern at the top, confirming the downward shift in sentiment.

Dogecoin (DOGEUSDT) opened at $0.23214 on 2025-08-24 12:00 ET and fell to a 24-hour low of $0.21708 before closing at $0.21910 at 2025-08-25 12:00 ET. The total 24-hour volume was 801,216,410 DOGE, while notional turnover (volume × price) was approximately $175.8 million.

Structure & Formations

The 15-minute chart reveals a strong bearish bias, with a bearish engulfing pattern forming at the high of the day on 2025-08-24 19:45 ET, signaling a significant shift in sentiment. Price has since remained below the $0.230 level, which is now a strong resistance-turned-support zone. A large bearish candle with long lower wicks on the 2025-08-25 00:45 ET time period indicates panic selling and a potential short-term bottoming process.

Moving Averages

On the 15-minute chart, price has remained below both the 20 and 50-period SMAs for most of the session, confirming the bearish trend. The daily chart shows the 50 and 100-period SMAs converging around the $0.2330–$0.2340 range, reinforcing the idea that this zone will be a critical area of resistance if price attempts to retest it. The 200SMA is currently at $0.2360, indicating that a sustained move above this level would be needed to reclassify the trend as bullish.

MACD & RSI

The 15-minute MACD has been negative throughout the session, with the histogram shrinking as the downtrend matures. A potential bearish divergence was observed between price and the MACD at the end of the 2025-08-25 06:45 ET candle. The RSI has been in oversold territory for much of the day, currently hovering around 28, but has failed to generate a convincing rebound—suggesting weak bearish momentum may persist.

Bollinger Bands

Price has spent most of the session below the 20-period Bollinger Band lower boundary, which has remained relatively stable around $0.2240–$0.2230. The recent contraction in volatility between 00:00 and 07:00 ET indicates a period of consolidation before a sharp drop. A potential break below the $0.2170–$0.2180 range could signal the start of a new lower volatility channel.

Volume & Turnover

The highest 15-minute volume spike occurred at 2025-08-24 19:45 ET with 296 million DOGE traded, marking the top of the bearish breakout. Turnover was notably higher during the afternoon and early night hours, with a sharp drop in activity after 07:00 ET. The volume profile is skewed to the bearish side, with price failing to close above key resistance levels following any volume-driven rallies.

Fibonacci Retracements

Applying Fibonacci to the recent 15-minute move from $0.2442 to $0.21708, price is currently near the 61.8% retracement level at $0.2280. A failure to hold above this level could see a test of the 78.6% level near $0.2195. On the daily chart, the 50% retracement of the larger bearish wave lies at $0.2305, a critical level for sentiment and short-term positioning.

Over the next 24 hours, Dogecoin may test the $0.2180 support level, with a potential bounce or breakdown likely. A strong rebound above $0.2230 could trigger a short-term reversal, but a close below $0.2170 would likely accelerate the downtrend. Investors should remain cautious and monitor volume and RSI for signs of exhaustion or new conviction.