- The Bollinger Band in DOGE’s daily chart has started squeezing, indicating a low price volatility period.
- Dogecoin currently faces significant resistance at the 50-day SMA ($0.0027).
DOGE reached a high of 0.00478 in July 2020 and has been on a downward trajectory since then. The price has currently reached 0.0026 and is going through a consolidation period. This is indicated by the Bollinger Bands, which have started squeezing.
DOGE/USDT daily chart
As per the IOMAP, DOGE/USD faces significant resistance at the 50-day SMA ($0.0027). Previously, at this level, 107,500 addresses had purchased 10 billion DOGE tokens. There is a lack of healthy support levels on the downside, so any downward movement could be borderline catastrophic.
DOGE IOMAP
However, two things show that the eventual market breakout is going to be bullish. Firstly the MACD indicates that the market momentum is buyer-friendly. Secondly, the weekly chart has flashed a buy signal, so upward movement is eventually expected.
DOGE/USDT weekly chart
As per the chart, one can expect DOGE/SUDT to reach the $0.00275 level. A break above that level can expect the buyers to reach the $0.0032 resistance level. On the downside, the price has strong support at the 50-bar SMA.
The Flipside: Can the bears take control
If the price experiences a bearish breakout, it will probably drop till the $0.0025 support line. As per the IOMAP, any break below this level will probably take the price below $0.0022. This is further corroborated by the weekly chart, which shows strong support at the 50-bar SMA ($0.0025) and $0.0022.
Key price levels to watch
For the DOGE buyers, the key resistance barrier lies at the 50-day SMA ($0.0027). A break above this level will take the price to the 200-day SMA ($0.275).
The main price level for the bears is at the $0.0025 support and $0.0022 support walls.
Note: All information on this page is subject to change. The use of this website constitutes acceptance of our user agreement. Please read our privacy policy and legal disclaimer. Opinions expressed at FXstreet.com are those of the individual authors and do not necessarily represent the opinion of FXstreet.com or its management. Risk Disclosure: Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.
Recommended Content
Editors’ Picks

Crypto Gainers Price Prediction: CRO, ZEC, FLOKI struggle to extend gains after double-digit rise
Layer-1 cryptocurrencies Cronos (CRO) and Zcash (ZEC), alongside the meme coin Floki (FLOKI), recorded a double-digit rise on Tuesday, outpacing the market in 24-hour gains at press time on Wednesday. However, as the crypto gainers reach crucial resistances, momentum wanes, and the struggle to extend gains begins.

Top 3 Price Prediction Bitcoin, Ethereum, Ripple: BTC holds ground while ETH and XRP eye further gains
Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP) present a mixed but optimistic outlook midweek as BTC holds steady while ETH and XRP show signs of renewed bullish momentum. The largest cryptocurrency by market capitalization is stabilizing at a critical support level as traders await a catalyst.

Cronos surges 20% on inclusion in Trump Media's Blue Chip ETF
Crypto.com's native token Cronos (CRO) saw double-digit gains on Tuesday following Trump Media and Technology Group's (DJT) filing with the Securities & Exchange Commission (SEC) to launch a Blue Chip exchange-traded fund (ETF).

Bitcoin volatility drops to third-lowest level since 2012 amid rise in BTC treasury companies
Bitcoin (BTC) trades above $108,000 on Tuesday following a steady decline in its volatility in the first half of the year, marking the third-lowest H1 volatility since 2012. The decline comes despite increased Bitcoin treasury adoption among publicly traded companies, with NYSE-listed Sequans Communications (SQNS) raising $384 million to fund its Bitcoin treasury.

Bitcoin: BTC ends Q2 with 30% gains, Standard Chartered eyes $200K by year-end
Bitcoin (BTC) closed a strong second quarter (Q2), recording nearly 30% in quarterly gains amid rising corporate and institutional demand and bullish market sentiment.

The Best brokers to trade EUR/USD
SPONSORED Discover the top brokers for trading EUR/USD in 2025. Our list features brokers with competitive spreads, fast execution, and powerful platforms. Whether you're a beginner or an expert, find the right partner to navigate the dynamic Forex market.