Popular meme coin, Dogecoin (DOGE), is facing downward pressure today, reflecting a bearish sentiment even as the broader cryptocurrency market displays mixed performance, according to CoinMarketCap.
At press time, the memecoin is trading at $0.2375, having increased by 0.08% over the past 24 hours. The price is moving in a bearish trend and is currently testing a resistance level near $0.24412. If it breaks above this, the next target could be $0.26000.
On the downside, the support level is around $0.21241. If the memecoin falls below this, we might see a drop towards $0.20000. With the market cap being $35.83 billion, the altcoin has a volume of $4.48 billion in the last 24 hours.
The blue line indicates the resistance level at $0.24412, while the yellow line represents the support level at $0.21241.
Also Read: DOGE Price Jumps 12% in a Week: Is the Next Big Breakout Near?
According to the Moving Average chart, the cryptocurrency is currently experiencing a bullish trend with the moving average indicator below the candles at $0.022367. Also, the Moving Average Convergence Divergence (MACD) shows a bullish crossover, suggesting that the price might keep increasing for a while.
The MACD line above the signal line indicates a bullish crossover. The blue line represents the MACD line, while the orange line indicates the signal line.
According to Coincodex’s current price prediction for the memecoin, the price is predicted to rise by 16.16% and reach $ 0.279729 by October 9, 2025. Based on the Dogecoin forecast, it’s now a good time to buy the memecoin.
As per Coincodex data, over the next five days, Dogecoin will reach the highest price of $ 0.24082 on Sep. 10, 2025, which would represent 1.03% growth compared to the current price. This follows a 11.97% price change over the last 7 days.
After a 2.77% in the past month, DOGE is predicted to rise to $ 0.263861 in September. The projected trading range is expected to span from $ 0.230743 to $ 0.309632. This suggests a positive market outlook, with a potential return of 29.77% for investors.
Based on DOGE’s outlook for September, it leans bullish, with indicators hinting at growing momentum. If this trend continues, the coin could see further increase and strengthen its position in the memecoin market.
Also Read: Dogecoin (DOGE) Bull Run Alert: $0.236 Breakout Sets Stage for Strong Upside
Also read: DOJ pursues $5m in Bitcoin tied to SIM swap fraud and laundering scheme
