Dogecoin (DOGE) has entered a fresh decline phase, breaking below several key support levels as it continues testing a critical descending trendline. The popular meme coin is now consolidating after dropping below $0.250, with traders closely watching for its next directional move.
The latest price action shows DOGE struggling to maintain momentum above the $0.250 mark. The cryptocurrency fell below this threshold and continued downward, breaching the $0.2450 support level.
The decline extended further, with DOGE trading below $0.2350 and forming a recent low near $0.230. This pattern suggests increasing selling pressure in the short term.
Technical indicators are reinforcing the bearish outlook. The MACD for DOGE/USD is gaining momentum in the bearish zone, while the RSI has fallen below the 50 level. These signals point to weakening buyer interest.
A notable technical factor is the bearish trend line forming with resistance at $0.2450 on the hourly chart. This trend line has been consistently limiting upward price movement.
DOGE price is now trading below both the $0.250 level and the 100-hourly simple moving average, further confirming the bearish sentiment in the market.
After attempting a recovery wave that briefly pushed above the 23.6% Fibonacci retracement level of the main decline from $0.2888 to $0.2302, the bears have remained active near the $0.250 resistance.
For any meaningful recovery, DOGE needs to first overcome immediate resistance at $0.2450 and the trend line. Beyond this, the first major resistance stands at the $0.250 level.
The next significant resistance would be near $0.260, which aligns with the 50% Fibonacci retracement level of the recent decline. A successful break above this could send the price toward $0.2780.
On the downside, initial support sits at $0.2320, with major support at $0.230. If these levels fail to hold, DOGE could slide toward $0.2250, with further risk of declining to $0.2120 or even $0.2050.
The current price action is occurring within a larger context of sideways trading that has persisted for weeks. DOGE is testing a descending resistance line that has limited its upward moves since late 2024, which is now potentially acting as support.
Market sentiment remains cautious as both Bitcoin and the broader crypto markets continue to trade in range-bound conditions. This environment has limited speculative capital flowing into altcoins like Dogecoin.
$DOGE daily
No change pic.twitter.com/sChyPq3LE9— Cantonese Cat
(@cantonmeow) September 25, 2025
Trading volume has been notably low, indicating insufficient demand to push prices higher. The repeated rejections near the $0.30 mark have made traders increasingly hesitant.
For DOGE to establish a clear bullish trend, it needs to push above the $0.28-$0.30 zone that has consistently rejected price advances. A decisive move above this level could trigger momentum toward $0.35-$0.37.
However, a breakdown below $0.23 would risk a drop to the critical $0.20 support level, which must hold to prevent further downside.
As it stands, DOGE’s position at this pivotal technical point will determine its next major trend. Traders are keeping close watch for confirmation of direction at these key levels.
The cryptocurrency remains at a technical crossroads, with the price action over the coming days likely to set the tone for its next significant move.
The post Dogecoin (DOGE) Price: Fresh Decline Takes Coin Below $0.250 Support appeared first on Blockonomi.
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