Dogecoin price is holding steady near $0.226–$0.227 after a rough week that shaved off almost 19% of its value. Even so, DOGE is still up more than 100% compared to last year, thanks to the overall market performance, ETF filings, and whale speculation that refuses to fade.
On September 25, trading volume pushed past 2.2 billion DOGE coins. Prices dropped as low as $0.2205 before rebounding to current levels. Short-term momentum looks shaky, but if history is any guide, Dogecoin price may be setting the stage for another outsized move.
Dogecoin Price Caught Between Bearish Pressure and Long-Term Hopes
The indicators tell a conflicted story. The Relative Strength Index (RSI) sits at 41.8, right in neutral territory, not hot enough to call overbought, not cold enough to mark oversold.
Momentum has slowed, and the MACD, which measures trends, is indicating a downward trend. The short-term moving averages, especially the 10- and 20-day EMAs, are indicating sell signals. This suggests there may be pressure in the near term.
Popular traders like Ali maintained that DOGE only needs to hold the $0.22 support for a potential rebound toward $0.29, the top of its ascending triangle structure.
“Dogecoin must hold $0.22 for a rebound to $0.29,” Ali posted, pointing to a clear support-resistance channel.
Others remain far more bullish. Javon Marks highlighted DOGE’s historical trend of explosive rallies following long consolidation phases, forecasting a 195%+ move that could carry the token back to its all-time high of nearly $0.73905.
DOGE technical chart shows strong support at $0.216 to $0.222, with the 100-day moving average at $0.2165. A drop below this range could lead to further losses, possibly down to $0.195 to $0.20.
Conversely, reclaiming momentum above $0.245–$0.26 would confirm a bullish reversal. The Fibonacci retracement levels suggest the next resistance sits at $0.29, aligning with Ali’s triangle projection. Beyond that, macro targets range from $0.42 to $0.73.
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