Dogecoin Could Retest $0.21 Zone After 5.8% Drop Amid Bitcoin Dip Below $112K

Dogecoin price outlook: DOGE slipped about 5.8% after Bitcoin fell below $112k, signaling increased bearish pressure. Expect a likely retest of the $0.20–$0.21 support cluster, with $0.24 now acting as rejected resistance if selling persists.

• Immediate risk: retest of $0.20–$0.21 support cluster

• Momentum indicators (RSI, OBV) point to increasing selling pressure

• Liquidity heatmap flagged $0.24 as swept; next notable cluster near $0.207

Dogecoin price outlook: DOGE likely retests $0.20–$0.21 after a 5.8% drop; monitor liquidity cluster at $0.207 and BTC correlation for trade setups. Read analysis and key levels.

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Key Takeaways

Dogecoin dropped 5.81% on Monday, 25 August, amid a Bitcoin pullback below $112k. RSI and OBV reflect mounting bearish pressure; the liquidity heatmap shows $0.24 swept and a $0.207 cluster as the next key liquidity zone. A retest of $0.20–$0.21 is probable.

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Market move: Dogecoin (DOGE) fell 5.81% on Monday, 25 August, tracked at the time of analysis. The decline coincided with a broader altcoin market contraction after Bitcoin rejection near $113.6k.

Range context: DOGE has traded between $0.142 and $0.25 since March, with a failed breakout attempt in July following Bitcoin’s reset from $120k to $114.7k.

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Source: DOGE/USDT on TradingView

What is in store for Dogecoin this week?

Dogecoin price outlook shows elevated downside risk for the short term. Indicators and order flow suggest DOGE may revisit the $0.20–$0.21 demand zone if selling persists, while a reclaim of $0.24 would be necessary to shift momentum back to bulls.

Source: DOGE/USDT on TradingView

Monday’s session saw the altcoin market cap fall ~4% after BTC rejection at $113.6k. DOGE failed to hold $0.224 (the 75% support level in the long-term range), increasing the probability of a move toward the $0.21 zone.

Historical behavior shows buyers previously defended $0.21, producing a bounce to $0.241. For bulls to regain control, DOGE must re-establish above $0.224 and reclaim $0.241 resistance.

Liquidity Heatmap points to $0.207 cluster

Source: CoinGlass

The 2-week liquidation heatmap highlights $0.24 as a swept magnetic zone; that sweep corresponded with the session’s bearish reversal. The next visible cluster sits near $0.207, just below a short-term bullish order block on the 1-hour chart.

If $0.207–$0.21 holds, buyers could stage a recovery toward $0.241. If it fails, lower support to watch is the long-term range floor near $0.142.

What indicators should traders monitor?

Monitor RSI and OBV for momentum confirmation. RSI weakening below midline with OBV trending down indicates distribution. Also watch Bitcoin price action: BTC drops below $112k historically increase downside pressure on altcoins like DOGE.

Frequently Asked Questions

How likely is a sustained Dogecoin rebound?

A sustained rebound requires reclaiming $0.224 and holding above $0.241. Until momentum indicators improve and BTC stabilizes above key levels, rebounds are likely to be short-lived unless supported by strong order flow.

What is the nearest support and resistance for DOGE?

Nearest support cluster: $0.20–$0.21 (with a marked liquidity zone at $0.207). Key resistance to negate bearish bias: $0.224 then $0.241.

Key Takeaways

• Short-term bias: Bearish until $0.224 and $0.241 are reclaimed.
• Critical zones: $0.207 liquidity cluster and $0.20–$0.21 support range.
• Actionable insight: Use RSI/OBV and BTC correlation to time entries; manage risk near the $0.21 support zone.

Conclusion

Dogecoin’s short-term outlook is cautious. Current technicals and heatmap data show increased selling pressure after a failed breakout and a sweep of $0.24. Traders should watch the $0.207–$0.21 zone for potential support and monitor Bitcoin for broader market direction. COINOTAG will update coverage as order flow and momentum evolve.

Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion.