How Will Dogecoin Perform in September? | Credit: Hameem Sarwar
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Key Takeaways
Dogecoin’s (DOGE) price fell after reaching a high of $0.307.
Dogecoin’s price trades inside an ascending wedge pattern.
Can Dogecoin bounce, or will it go down the rest of September?
Dogecoin’s September breakout above long-term resistance was short-lived.
After a sharp 20% decline, the token now risks slipping below its ascending wedge pattern, which could undermine confidence in the rally’s strength.
But the charts suggest a different narrative. Technical counts indicate the current slump may be nothing more than a short-term correction, setting the stage for another push higher.
Here’s a closer look at why Dogecoin is under pressure, and whether its recovery can regain steam before the month is over.
Dogecoin Price Analysis
The weekly time frame DOGE chart shows that the price has increased alongside an ascending support trend line since October 2023.
It has bounced at the trend line several times, most recently in June 2025 (green icons).
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The symmetrical triangle in wave four confirms that this is the correct count.
When combined with the bearish RSI and MACD (black circles), which have just fallen below their bullish thresholds at 50 and 0, respectively, this means that the DOGE trend is bearish in the short term.
If a breakdown from the wedge happens, the DOGE price could find support between the 0.5-0.618 Fibonacci retracement support levels at $0.197 – $0.218.
Long-Term Dogecoin Prediction
While the short-term wave count is bearish, the long-term one is still bullish.
According to the count, Dogecoin’s price has completed a five-wave upward movement (green) beginning in June 2022.
If the count is accurate, the ongoing increase is another similar five-wave rally (green), which will take Dogecoin to a new cycle high.
The proposed breakdown from the wedge could be wave two in the next five-wave upward movement.
Once it is over, the Dogecoin price will likely begin another rally and could potentially reach $1.
DOGE’s September Outlook
Dogecoin’s short-term structure looks weak, with the ascending wedge signaling bearish momentum and indicators confirming downward pressure.
However, the long-term Elliott Wave count still favors a bullish continuation, suggesting the correction may only be temporary.
If DOGE holds the current Fibonacci support, another strong rally could emerge, potentially setting the stage for a push toward $1 in the next major cycle.
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.
