Dogecoin (DOGE) is currently showing signs of continued downward movement, as indicated by both the RSI and MACD indicators. Recent price action, as of March 27, 2025, reveals a bearish outlook. This assessment stems from the current technical indicators and price patterns visible in the chart.
Technical analysis: MACD and RSI indicator activity
The Moving Average Convergence Divergence (MACD) indicator reveals a bearish trend for Dogecoin. As of March 27, the MACD line is positioned below the signal line, indicating a negative momentum.
Specifically, the MACD value stands at 0.00589, while the signal line is at -0.00724, with a difference of 0.01313. The histogram remains below the baseline, confirming the downward trend. The MACD’s positioning suggests the continued weakening of buying pressure, further supporting the bearish outlook for DOGE.
The Relative Strength Index (RSI) of Dogecoin is currently at 41.95, which is below the neutral 50-mark. The RSI has been declining since the beginning of March, signaling that DOGE is in a bearish state.
When the RSI falls below 50, it suggests that the market momentum is favoring the sellers, and Dogecoin is not yet showing signs of a strong reversal. The technical indicators reveal a sustained downward trend for Dogecoin. With the RSI below the 50 threshold and the MACD showing a bearish divergence.
Dogecoin price market trajectory revealed
Dogecoin (DOGE) has experienced a downward trend over the past 24 hours. Currently priced at $0.1908, DOGE saw a 1.24% decline. The market cap stands at $28.36 billion, with a 24-hour volume of $1.42 billion. The trading volume has decreased by 29.44%, while the volume-to-market cap ratio is at 5.02%.
The price chart shows a steady decline, with DOGE dropping from $0.1927 to $0.1908 during the observed period. These figures suggest the possibility of further price reductions for DOGE, driven by the ongoing market behavior. The current price is likely to continue its downward trajectory in the short term.
The decrease in DOGE’s market capitalization and trading volume corresponds to the general loss of investor interest. When the volume shrinks this is an implication that market activity is slow which implies a further decline in price. In the 24-hour chart, the price of DOGE has not been able to stage a bounce-back from the losses, further corroborating the bearish trend.
