Market Direction

Will DOGE hit $0.10 downside?

Published: Mar 5, 2025

DOGE is holding key support, but caution remains as resistance looms. A breakdown could send prices lower, while RSI hints at a potential bounce. Market conditions will dictate the next move.

Disclaimer: This is not financial or investment advice. You are responsible for any capital-related decisions you make, and only you are accountable for the results.

Technical analysis

$0.191 is key support, and the price is currently holding above it.
DOGE has held up well compared to the rest of the market but was also bid off the back of the Crypto Reserve news.
The price moved up 20% before fully retracing that move. DOGE has a key support at $0.191, which has held strong so far in recent context.
We have resistance at around $0.24 which was marked off the back of the crypto reserve pump.
RSI on the daily is just above oversold territory which may mean we can see a short-term bounce, particularly as the RSI sits above its moving average. A clear bull reversal would be a breakout of the RSI's downtrend line.
If a breakdown happens, $0.14 is the next major level where liquidity is positioned.
DOGE has already pulled back significantly, but further downside isn't off the table, especially if market-wide de-risking continues.

Dogecoin (DOGE) daily chart showing price action, key support and resistance levels, descending trendlines, RSI indicator, and potential downside target areas in a bearish market structure.

Next Support: $0.18360
Next Resistance: $0.2400
Direction: Neutral
Upside Target: $0.2400
Downside Target: $0.1000

Curious about DOGE's next move? Our DOGE price prediction offers a deep dive into market trends!

Cryptonary's take

DOGE is in a different spot compared to most other assets, having already pulled back quite a bit. While $0.191 is holding for now, caution is needed, and this wouldn't be a level to bid. If market conditions worsen, $0.10 could come into play in the longer term and we have shorter-term support being $0.14, which price could roll over to after a little bounce to the upside. We'll monitor how this support holds up, but for now, the approach is to remain cautious.