Coinidol.com: The price of Dogecoin fell to a low of $0.08 but has since remained above the $0.18 support level.
DOGE price long-term prediction: bearish
After its recovery, buyers pushed the altcoin to a high of $0.218 but were unable to keep the price above the 21-day SMA. The upward movement was resisted, causing DOGE to decline in value.
According to price indicators, DOGE is expected to continue its downward trend. If the bears break the $0.18 support level, the altcoin will fall to a low of $0.16. The bearish momentum may continue to a low of $0.133, or the 2.0 Fibonacci extension. The altcoin is currently at $0.191.
Technical indicators
DOGE indicator reading
On the daily chart, the moving average lines are trending downward, with the 21-day SMA below the 50-day SMA. The price action is characterised by a Doji candlestick, which keeps the price within a range. On the 4-hour chart, the moving average lines are horizontal, indicating sideways movement.
DOGE/USD daily chart – September 23, 2025
What is the next direction for Dogecoin?
DOGE is in a sideways trend, trading above the $0.18 support and below the resistance at $0.22. The price action is marked by small, uncertain candlesticks known as Dojis. The price moves both below and above the moving average lines. The cryptocurrency is also constrained to range-bound movement within its limited range. DOGE will decrease if it loses its $0.18 support.
DOGE/USD 4-hour chart – September 23, 2025
Disclaimer. This analysis and forecast are the personal opinions of the author. The data provided is collected by the author and is not sponsored by any company or token developer. This is not a recommendation to buy or sell cryptocurrency and should not be viewed as an endorsement by Coinidol.com. Readers should do their research before investing in funds.