- Dogecoin drops from $0.24400 to $0.21734 as bearish trend dominates price action
- RSI at 42.20 and MACD crossover confirm continued weakness in DOGE momentum
- DOGE faces resistance at $0.225 and must hold $0.217 to avoid deeper price correction
Dogecoin (DOGE) is still showing signs of bearish pressure, with a trading range of $0.217 to $0.225. As of July 30, 2025, the asset was trading close to $0.22140, which is a recent low of $0.21734. This comes after a steady drop from highs of about $0.24400 just a few days ago.
Technical data from different time frames backs up the downward trend. Most of the candles on the 4-hour chart are still bearish, making a pattern of lower highs and lower lows that keeps repeating. There is a chance of a short-term bounce because the TD Sequential “9” candle and a reversal arrow are both present. But the state of the market hasn’t yet strongly confirmed a recovery. Price is still under pressure because there is resistance between $0.22600 and $0.22800.
The 5-minute chart shows that activity during the day supports the bearish view. There were short rallies that didn’t go past $0.22500, and the volume stayed higher during declines. This shows that sellers are still strong and buyers are still weak when prices try to go back up.
Technical indicators show that DOGE is losing momentum
On a number of charts, momentum indicators also show a bearish mood. The Relative Strength Index (RSI) for the 5-minute time frame is 42.20, which is lower than the neutral level of 50. This reading means that there is more downward momentum than buying interest. A drop below 40 could mean more aggressive selling, even though it hasn’t been oversold yet.
The Moving Average Convergence Divergence (MACD) also shows a new bearish crossover. The MACD and signal lines are both below the zero line. This means that the price will keep going down unless a bullish crossover happens.
People in the market are still being careful and waiting for clear signs of a change or more breakdown. If the price drops below the $0.217 support level, it could lose more quickly, going down to $0.212 or even $0.208. In order for a bullish scenario to happen, DOGE needs to get back above $0.225 with strong volume and technical confirmation.
