With that in mind, let’s break down DOGE’s price action and where it could be headed next.
Dogecoin Price Analysis
Dogecoin has been riding an ascending support trend line since October 2023, bouncing multiple times along the way — most recently in July 2025.
That rebound sparked a sharp rally, breaking through a long-standing resistance line that had capped price action since the previous high.
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But the breakout quickly fizzled. DOGE slipped back under the key $0.235 horizontal level, which has flipped into resistance.
Today, the token is trading close to where it stood before the move, raising questions about whether the breakout was a false start.
Momentum signals remain indecisive. The Relative Strength Index (RSI) is exactly 50, while the Moving Average Convergence/Divergence (MACD) is near neutral at 0.
That leaves the outlook murky on the weekly chart. The likeliest scenario is consolidation, with Dogecoin chopping between its long-term support at $0.180 and resistance at $0.235 until a clear trend emerges.
Can Dogecoin Break Out?
The shorter-term six-hour chart shows that Dogecoin completed a five-wave upward movement (green) and possibly a W-X-Y corrective structure.
The corrective structure could be different, since there is no ratio between waves W and Y.
Currently, the Dogecoin price is breaking out from the descending wedge, which encompasses the final portion of the upward movement.
Because of the breakout, the price of Dogecoin is likely to increase to at least the 0.618 Fibonacci retracement resistance level at $0.236, which also coincides with the long-term horizontal resistance.
Like the weekly time frame, the RSI and MACD are neutral. The former is at 50, while the latter is still below 0.
So, a short-term increase toward resistance is likely, but the future trend remains unclear until Dogecoin closes above $0.235.
Final Thoughts
In conclusion, Dogecoin’s price action remains indecisive despite the breakout attempt, with consolidation between $0.180 and $0.235 appearing most likely in the short term.
While the short-term wedge breakout suggests a possible move back toward resistance, momentum indicators remain neutral and do not provide a strong directional signal.
A clear bullish trend will only be confirmed if DOGE manages a decisive weekly close above the $0.235 level.
Disclaimer:
The information provided in this article is for informational purposes only. It is not intended to be, nor should it be construed as, financial advice. We do not make any warranties regarding the completeness, reliability, or accuracy of this information. All investments involve risk, and past performance does not guarantee future results. We recommend consulting a financial advisor before making any investment decisions.
Valdrin Tahiri is a cryptocurrency analyst and reporter at CCN, specializing in technical analysis with a focus on Elliott Wave theory, on-chain metrics, and fundamental research. He brings over seven years of experience in the crypto space as both a trader and writer.
He discovered cryptocurrencies in 2017 while earning his MSc in Financial Markets at the Barcelona School of Economics, which sparked a deep interest in blockchain and market dynamics. Since then, he’s contributed to top crypto outlets like BeInCrypto and CoinGape.
Valdrin also served as Community Manager of BeInCrypto’s Telegram group for three years, helping grow it into one of the largest crypto communities worldwide. His expertise in market structure and price patterns allows him to break down complex trends into clear, actionable insights.
He’s published thousands of articles covering altcoins, Bitcoin cycles, and macro trends.
