Dogecoin Dips Before Major Breakout? Here’s the Scoop

TL;DR Dogecoin forms a triangle pattern, with analysts closely watching the $0.25 resistance and $0.22 support ￰0￱ price compresses near a breakout zone, signaling a potential move toward $0.31 or a drop to $0.19. Mixed market sentiment and rising crypto developments add fuel to Dogecoin’s tightening price ￰1￱ Action and Key Levels Dogecoin (DOGE) was trading below $0.23 at press time, with a 24-hour decline of 4%, while it has remained flat on the weekly chart. meanwhile, trading volume reached over $3 billion during the same ￰2￱ recent price movement comes as DOGE forms a symmetrical triangle on the 4-hour chart, a structure commonly linked to periods of tightening price ￰3￱ Ali Martinez shared a chart showing the price nearing the lower boundary of this ￰4￱ commented that there may be “one last dip before the breakout .” Support is marked at $0.22, while resistance sits near $0.24.

A move beyond this zone could lead to $0.26, $0.28, and $0.31, based on common retracement ￰5￱ $DOGE : One last dip before the breakout! ￰6￱ — Ali (@ali_charts) August 25, 2025 Technical Outlook From Analysts Martinez believes DOGE could rally toward $0.3 if the current setup plays ￰7￱ price action is compressing near the triangle’s apex, often a signal of an incoming ￰8￱ the asset closes below $0.22, however, the setup may break down, bringing $0.209 and $0.19 into ￰9￱ analyst, Trader Tardigrade, examined the daily chart through the lens of Elliott Wave ￰10￱ noted that Dogecoin appears to be in a five-part correction pattern, commonly labeled A through ￰11￱ to their interpretation, “a motive wave in uptrend will follow this correction pattern.” This aligns with previous market cycles where such corrections are followed by trend ￰12￱ pattern remains intact and is approaching its end ￰13￱ are watching for confirmation on direction as the price narrows within the structure.) August 24, 2025 Technical indicators show the Relative Strength Index (RSI) near 57, which reflects steady momentum without extreme buying ￰14￱ asset is currently squeezed between a rising support trendline and horizontal ￰15￱ remains average, with no confirmation of a breakout yet.

A move above $0.25, accompanied by rising volume, may validate the ￰16￱ Market Context and Sentiment MarketProphit shared that sentiment around DOGE is currently ￰17￱ general trader sentiment shows optimism, the platform’s proprietary model remains ￰18￱ split in outlook reflects current uncertainty in the ￰19￱ industry developments could be contributing to increased ￰20￱ Federal Reserve has softened its stance on crypto banking regulations. Elsewhere, Thumzup acquired Dogehash in a $50 million ￰21￱ company stated this move creates the largest Dogecoin mining operation to date.