Is Dogecoin Ready for a Trend Reversal ? Discover the Technical Signals !

Despite the recent decline in Dogecoin, technical indicators are showing promising signs. Delve into the details of a potential trend reversal for this iconic cryptocurrency.

Written by Charles Ledoux

Translated on August 20, 2025 at 10:08 by Marie

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DOGE Falls with the Crypto Market

The cryptocurrency market is going through a turbulent period, with movements oscillating between red and green. Although the general sentiment remains neutral, the market capitalization of memecoins has reached $73.2 billion, despite a drop of 5.8%. In this context, Dogecoin, the iconic canine cryptocurrency, has experienced a decline of 1.21%.

Technical Analysis of Dogecoin

Dogecoin is currently in a critical zone for its medium-term future. Indeed, the coming days will be decisive for DOGE as it sits on a bullish trendline and at the top of a significant liquidity zone between $0.188 and $0.206.

A break of the trendline is increasingly likely as the Bitcoin correction doesn’t seem to be over. In this context, if DOGE fails to maintain above $0.188, it will head to the next zone at approximately $0.17. Its price will need to be monitored at this crucial support level.

Bullish Prospects for Dogecoin ?

Analysis of technical indicators shows bearish momentum, with the MACD line crossing below the signal line. Additionally, the CMF indicator stands at -0.04, close to neutrality, suggesting slight selling pressure. However, bullish pressures could support the price and push it to test the resistance at $0.2217. If bulls strengthen their position, this could trigger a bullish trend, with price potential at $0.2223 or higher.

Although Dogecoin is currently undergoing a downward correction, technical signals hint at the possibility of a trend reversal as it sits on a major support and demand zone.

How to Buy Dogecoin (DOGE) on Bybit ?

Dogecoin still has the $1 target in its sights. A drop to $0.17 would offer substantial gains of more than 6x in case of a market rebound.

To acquire Dogecoin (DOGE) on Bybit, follow these simple steps :

Create an account : Sign up on Bybit with an email address and a secure password. Complete KYC verification if necessary.
Deposit funds : Access the “Deposit” section and add funds via bank card (fiat) or by transferring a cryptocurrency like USDT.
Access the market : Go to “Spot Trading” and select the DOGE/USDT pair.
Place an order : Choose a market order to buy immediately or a limit order to set a target price (for example, between $0.188 and $0.206). Confirm the desired amount of DOGE.

Buy DOGE on ByBit and earn $20 with our exclusive bonus !

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Charles Ledoux

Charles Ledoux is a Bitcoin and blockchain technology specialist. A graduate of the Crypto Academy, he has been a Bitcoin miner for over a year. He has written numerous masterclasses to educate newcomers to the industry and has authored over 2,000 articles on cryptocurrency. Now, he aims to share his passion for crypto through his articles for InvestX.

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DISCLAIMER

This article is for informational purposes only and should not be considered as investment advice. Trading cryptocurrencies involves risks, and it is important not to invest more than you can afford to lose.

InvestX is not responsible for the quality of the products or services presented on this page and cannot be held liable, directly or indirectly, for any damage or loss caused by the use of any product or service featured in this article. Investments in crypto assets are inherently risky; readers should conduct their own research before taking any action and invest only within their financial means. This article does not constitute investment advice.