Dogecoin (DOGE) Alert: 3 Red Flags Signaling a Steeper Drop Coming

Dogecoin's party might be hitting a rough patch—here's why the memecoin could be gearing up for another leg down.

Warning Sign #1: The charts are whispering 'bearish.' DOGE's technical setup looks weaker than a crypto newbie's HODL resolve after a 10% dip.

Warning Sign #2: Whale wallets are moving—and not in the 'buying the dip' direction. Feels like someone knows something retail traders don't (as usual).

Warning Sign #3: The hype cycle's running on fumes. Even Elon's tweets aren't sparking the usual 20% pumps anymore—bad news for an asset that thrives on vibes.

Bottom line: DOGE's 'fundamentals' were always questionable, but now even the momentum traders are losing faith. Maybe time to admit the dog has fleas? (Or just wait for the next celebrity tweet to save the day—this is crypto, after all.)

TLDR

• Dogecoin (DOGE) declined below $0.1800 and $0.1780 levels after failing to break above $0.1820 resistance zone
• Technical analysis shows DOGE trading at $0.1694, down 2.3% with price action mirroring previous market cycle patterns from 2018 and 2021
• Monthly MACD indicator has crossed below signal line, suggesting potential extended downside similar to previous multi-year declines
• Key resistance levels sit at $0.1750 and $0.1820, while major support is found at $0.1640 and $0.1620
• Current price consolidation around $0.168 leaves DOGE vulnerable to further decline toward $0.150 or lower if support breaks

Dogecoin has entered a period of technical weakness as the cryptocurrency struggles to maintain upward momentum. The meme coin recently declined below key support levels while facing strong resistance on any recovery attempts.

The price action began with a fresh decline from the $0.1820 zone against the US Dollar. Doge broke below the $0.1800 and $0.1780 levels during this move.

Bears pushed the price even lower, taking it below the $0.170 level. A low was formed at $0.1641 before the price began attempting to recover.

There was a minor MOVE above the 23.6% Fib retracement level of the downward move. The price also broke above a bearish trend line that had formed resistance at $0.1680.

Currently, Dogecoin trades below the $0.1780 level and the 100-hourly simple moving average. The immediate resistance on the upside sits near the $0.1725 level.

Monthly Technical Pattern Suggests Deeper Decline

Market technician Tony Severino has identified a concerning pattern on Dogecoin’s monthly chart. His analysis shows DOGE at $0.1694, down roughly 2.3% on the session.

Dogecoin 1M LMACD looks like it wants to roll over and play dead pic.twitter.com/PcuSKMk6pk

— Tony "The Bull" Severino, CMT (@TonyTheBullCMT) June 17, 2025

The monthly view reveals three periods where macro-momentum peaked and then led to prolonged downside. The first occurred in January 2018 when DOGE briefly reached two cents before losing nearly all gains.

The second major peak happened in May 2021 when the token spiked to just under seventy cents. This was followed by a two-year descent that characterized the subsequent bear market.

The third peak occurred last month when DOGE reached just under $0.26 before slipping back beneath the twenty-cent threshold. This recent price action mirrors the previous cycle tops in terms of momentum characteristics.

The long-term MACD indicator shows the blue line has crossed below the orange signal line. This crossover prints a negative histogram value of -0.0263 while the signal rests at 0.1704.

Key Levels Define Near-Term Direction

The first major resistance for any recovery sits NEAR the $0.1750 level. This corresponds to the 50% Fib retracement level of the recent downward move.

If DOGE can clear this level, the next major resistance appears near the $0.1820 level. A close above this resistance might send the price toward $0.1880 resistance.

However, failure to climb above $0.1750 could trigger another decline. Initial support on the downside sits near the $0.1680 level.

The next major support level is located near the $0.1640 level. The main support sits at $0.1620 according to current technical analysis.

If there is a downside break below the $0.1620 support, the price could decline further. In this scenario, the price might move toward the $0.150 level or even $0.1440 in the near term.

From a structural perspective, DOGE remains trapped between the former cycle’s floor near five cents and overhead resistance. The waning momentum suggests bears maintain control unless fresh demand arrives quickly.

A decisive close below the April low near $0.13 WOULD open the chart to lower territory. This could potentially take the price as low as the cycle bottom at $0.0491.

The hourly MACD for DOGE/USD is losing momentum in the bearish zone. However, the hourly RSI remains above the 50 level, suggesting some underlying strength remains.

At press time, DOGE traded at $0.168 as the cryptocurrency continues to consolidate recent losses while facing technical headwinds.