DOGE at a Crossroads: Critical Support Test Amid Bearish Pressure

Dogecoin (DOGE) is currently testing a crucial support level at $0.145, a historically significant point for the memecoin. As of June 23, 2025, the cryptocurrency faces intense bearish momentum, with technical indicators suggesting further downside potential if this level fails to hold. The stacked moving averages have turned into resistance, and dwindling trading volume reflects a lack of strong buying interest. A breakdown below $0.145 could accelerate declines toward $0.10 or even revisit last year's lows. However, a decisive close above this level with substantial volume could provide short-term relief for DOGE holders. Traders and investors are closely monitoring this pivotal moment for Dogecoin, as its next move may determine its medium-term trajectory in the highly volatile crypto market.

Dogecoin Tests Critical Support as Bears Dominate Momentum

Dogecoin's price action hinges on the $0.145 support level, a historical inflection point for the memecoin. Failure to hold this level risks accelerating declines toward $0.10 or even last year's lows.

Technical indicators paint a bleak picture: stacked moving averages now act as resistance, while diminishing volume reflects weak buying interest. Only a decisive close above $0.145 with accompanying volume could spark short-term relief.

The broader crypto market's trajectory remains pivotal. Without renewed speculative demand or a sector-wide recovery, Dogecoin's downward momentum may persist. Traders eye oversold RSI readings at 27 for potential divergence signals.

Dogecoin (DOGE) Tests Resistance After Sharp Decline

Dogecoin's price action shows tentative signs of recovery following a 16% drop from its recent high of $0.1720. The meme cryptocurrency now faces critical technical barriers at $0.1580, a level representing both the 100-hour moving average and the 50% Fibonacci retracement of its recent decline.

Market participants are watching the $0.1510 breakout level, where DOGE/USD breached a bearish trendline on Kraken's hourly chart. Failure to hold above this support could trigger another leg down toward the $0.1427 swing low. Trading volume patterns suggest weakening bearish momentum, though the cryptocurrency remains vulnerable to broader market sentiment.

Dogecoin Price Rocked By Market Collapse, Analyst Reveals When To Buy

Dogecoin has succumbed to the broader crypto market downturn, shedding over 5% of its value as geopolitical tensions weigh on investor sentiment. The meme coin breached the critical $0.16 support level, triggering panic selling among retail holders.

Pseudonymous analysts suggest the bottom hasn't been reached yet. Technical indicators point to a potential 10% further decline toward the $0.13 range, where strong historical support converges with weekly chart levels. 'This confluence zone creates an optimal risk-reward scenario for accumulation,' noted one trader on TradingView.

Market makers appear to be targeting liquidity below current levels before any meaningful reversal. The $0.13 area could see substantial bid walls form, potentially marking the local bottom for DOGE's current correction cycle.