Dogecoin’s price performance in 2025 has shown volatility, with periods of strong gains followed by notable corrections. The asset has entered a consolidation phase after its recent downturn, raising questions about its short-term trajectory.
Technical indicators reflect current market sentiment
Technical indicators currently show poor strength because the MACD (12, 26, close) stands at 0.0009054, and the signal line is at -0.0200663. The position between MACD and the signal line indicates weak upward potential, while MACD stays beneath the signal line. The downward trend continues because the histogram has a negative distribution. Market sentiment would potentially change through a bullish crossover which emerges from increased momentum strength.
Currently, the RSI (14, close) line is at 37.57, implying that the DOGE price is in the oversold region. The lower limit of RSI is at 33.59, meaning that it is well positioned and not to be in an extremely oversold area. RSI is still below 50, which implies that the selling pressure has been evident in several sessions. Even more so, the likelihood of DOGE falling to the oversold level will be evident if RSI goes below 30.
DOGE price levels indicate the consolidation phase
According to CoinMarketcap data, DOGE is trading at $0.2019, reflecting a 3.63% decline over the past 24 hours. The market capitalization stands at $29.95 billion, down by 3.62%. The 24-hour trading volume is recorded at $1.61 billion, marking a 7.55% decrease. The volume-to-market cap ratio is at 5.46%, indicating moderate market activity.
DOGE price action shows resistance around $0.25 and support near $0.18. A decline below the support level could lead to further losses. The asset recorded a high of $0.2105 before falling below $0.195. It later stabilized above the $0.200 mark. Market fluctuations continue, with DOGE showing price swings within a limited range.
DOGE is in a consolidation phase where market indicators point towards weak bullish pressure. If RSI rises and remains above the 40 level and the MACD indicator is positive a rally towards the upside may be expected on DOGE. It could continue with its decline if support at $0.18 is not maintained. It is still important to know volume levels and any technical changes that may occur for breakouts, therefore.
