Dogecoin (DOGE) price is once again trading under pressure, hovering near $0.167 at the time of writing. Both the daily and hourly charts paint a clear picture — buyers are stepping back, and momentum is slowing down. After testing the $0.20 resistance and failing to break above, DOGE price is now losing support at key moving averages. The question now is: will the price fall further, or can bulls defend this critical zone?
The daily chart shows a continuous series of lower highs and lower lows, with DOGE price now trading below the 20-day ($0.185), 50-day ($0.201), and even the 100-day moving average ($0.184). These three dynamic resistance zones now sit above the current price, which increases the downward pressure. Notably, the 200-day moving average is still far above at $0.250, suggesting long-term trend weakness.
DOGE’s recent breakdown below $0.17 signals that short-term buyers have exited. Heikin Ashi candles are still mostly red, confirming the trend is bearish. The support zone now sits between $0.160 and $0.155, and a clear breakdown could open a path toward $0.145 and even $0.125, which is a 25% drop from the current level.
This could discourage new investors unless strong buying pressure returns.
Zooming into the hourly chart, DOGE price is stuck below all key moving averages: the 20, 50, 100, and 200 SMAs. These are tightly packed between $0.169 and $0.181, and the price has been rejected from this zone multiple times. This congestion reflects strong intraday resistance.
Over the last 48 hours, Dogecoin price attempted to reclaim $0.175 but failed. Sellers stepped in quickly, and the price slumped back to $0.167. Moreover, repeated lower highs suggest weakening demand even among day traders. The short-term floor is near $0.162. If this level is breached, DOGE could retest $0.150 quickly.
A bounce is possible, but only if DOGE price can reclaim and hold above $0.175 with volume. That would clear the 20 and 50 SMAs and open a path to $0.185, which is the next Fibonacci resistance and also aligns with the 100-day moving average. A move from $0.167 to $0.185 would be a decent 10.7% rally.
(0.185-0.167/0.167)×100=10.77%
But right now, both the structure and moving averages suggest any bounce will be short-lived unless broader market sentiment improves. Bitcoin dominance is rising, and altcoins like Dogecoin price tend to lag during such periods.
Dogecoin’s trend is clearly bearish on both the daily and hourly timeframes. Sellers are in control, and support levels are under threat. If $0.162 breaks, DOGE price could drop 10-20% more in the coming weeks. Reclaiming $0.175-$0.185 is critical for any short-term recovery. Until then, the meme coin may continue to bleed slowly as the market rotates capital into larger caps.
If you’re holding, this may be a wait-and-watch game. If you’re looking to buy, patience could offer better prices.
