As Dogecoin (DOGE) prepares for a potential dip of 5% by April 4, technical indicators such as the RSI and MACD provide insight into the price trend. A recent chart shows the token’s price movement with important signals from both indicators, revealing a potential downward trajectory.
RSI is lower than neutral, while MACD hints at a bearish divergence
The DOGE is currently under bearish pressure, and the technical analysis has it that it might go down by a further 5%. On April 3, the value of the token was $0.1581; therefore, it has dropped by 3.71%. The overall trend in the current market is in the bearish territory, and the RSI and MACD trends also point to this possibility.
The Relative Strength Index (RSI) stands at 43.53, which is below the neutral level of 50. This indicates that Dogecoin is nearing oversold territory. A declining RSI value suggests that market sentiment is weakening, further supporting the bearish outlook. If the RSI continues to fall, Dogecoin’s price may continue its downward path, potentially seeing a 5% dip in the coming days.
The MACD for the past three days further supports and corroborates the bearish outlook. The MACD line is at 0.0004, while the signal line is at a lower place of -0.0090. This bearish signal means there is likely to be low buying pressure, and further selling pressure is anticipated. There is also a red histogram, which further supports Dogecoin’s current bearish trend. Based on these indicators, the price of Dogecoin will go even lower as per the forecast of 5 % for April 4.
Current price action revealed
The Dogecoin (DOGE) market experienced significant fluctuations in price on April 3, 2025. Currently priced at $0.1576, the coin has dropped by 9.36% in one day, bringing its market capitalization down to $23.43 billion. This drop coincided with an increase in 24-hour trading volume, which surged by 33.40%, reaching $1.69 billion.
The price chart shows a notable dip, indicating that Dogecoin’s value has decreased over the past several hours. The data reveals that the coin’s trading volume has remained active, indicating a heightened market response to the recent price action. The total circulating supply of Dogecoin remains at 148.7 billion DOGE, with no changes to its maximum supply.
According to the analysis of the current trends in the prices of Dogecoin, it is anticipated that the prices may decline by 5 % on April 4, 2025. Most of the technical indicators show that the price of the DOGE token will continue to experience a downtrend mainly due to market fluctuations and ongoing external economic factors.
