Dogecoin Slips Below $0.22 as Bears Eye $0.21 Retest
- DOGE dropped over 5% as Bitcoin fell under $112K, dragging the memecoin toward mid-range support near $0.196.
- Charts show steady selling pressure, with RSI and OBV both pointing bearish and a likely retest of $0.21 support.
- CoinGlass heatmap highlights a liquidity cluster at $0.207, but buyers could step in around the $0.20–$0.21 zone for a potential rebound.
Dogecoin slid more than 5% on Monday, August 25, as weakness in Bitcoin dragged the broader crypto market lower. With BTC slipping under $112K, charts for DOGE hinted at more bearish pressure ahead.
Dogecoin Stuck in a Wide Range
Since March, DOGE has been trading between $0.142 and $0.25, struggling to break free from this sideways structure. Bulls tried their luck in July with a breakout push, but Bitcoin’s reset from $120K down to $114.7K quickly cut the attempt short.
At the time of writing, DOGE hovered near the mid-range level at $0.196. On-balance volume sat close to early-August lows, reflecting persistent selling pressure. The RSI also dipped, signaling momentum has shifted back toward the bears.
Pressure Builds Into the Week
The start of the week wasn’t kind to altcoins, as the overall market lost about 4% in capitalization. DOGE failed to defend $0.224, which had acted as its 75% support level within the long-term range. If bearish momentum holds, a retest of $0.21 seems likely.
Just a week earlier, DOGE had bounced from that very zone, only to stall out at $0.241—a stubborn short-term resistance level. The failure to flip it into support keeps sellers in control for now.
Heatmap Signals Trouble Around $0.207
CoinGlass data highlighted $0.24 as a strong liquidity magnet, which once swept, triggered the recent bearish reversal. The next big liquidity cluster sits lower, near $0.207. That’s just beneath a bullish order block identified on the 1-hour chart, leaving room for a deeper dip.
Still, a retest of the $0.20–$0.21 region could be constructive. If buyers step back in at that demand zone, DOGE has a chance to stabilize and maybe even rebound later in the week.
The post Dogecoin Slips Below $0.22 as Bears Eye $0.21 Retest first appeared on BlockNews.
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Dogecoin Slips Below $0.22 as Bears Eye $0.21 Retest
- DOGE dropped over 5% as Bitcoin fell under $112K, dragging the memecoin toward mid-range support near $0.196.
- Charts show steady selling pressure, with RSI and OBV both pointing bearish and a likely retest of $0.21 support.
- CoinGlass heatmap highlights a liquidity cluster at $0.207, but buyers could step in around the $0.20–$0.21 zone for a potential rebound.
Dogecoin slid more than 5% on Monday, August 25, as weakness in Bitcoin dragged the broader crypto market lower. With BTC slipping under $112K, charts for DOGE hinted at more bearish pressure ahead.
Dogecoin Stuck in a Wide Range
Since March, DOGE has been trading between $0.142 and $0.25, struggling to break free from this sideways structure. Bulls tried their luck in July with a breakout push, but Bitcoin’s reset from $120K down to $114.7K quickly cut the attempt short.
At the time of writing, DOGE hovered near the mid-range level at $0.196. On-balance volume sat close to early-August lows, reflecting persistent selling pressure. The RSI also dipped, signaling momentum has shifted back toward the bears.
Pressure Builds Into the Week
The start of the week wasn’t kind to altcoins, as the overall market lost about 4% in capitalization. DOGE failed to defend $0.224, which had acted as its 75% support level within the long-term range. If bearish momentum holds, a retest of $0.21 seems likely.
Just a week earlier, DOGE had bounced from that very zone, only to stall out at $0.241—a stubborn short-term resistance level. The failure to flip it into support keeps sellers in control for now.
Heatmap Signals Trouble Around $0.207
CoinGlass data highlighted $0.24 as a strong liquidity magnet, which once swept, triggered the recent bearish reversal. The next big liquidity cluster sits lower, near $0.207. That’s just beneath a bullish order block identified on the 1-hour chart, leaving room for a deeper dip.
Still, a retest of the $0.20–$0.21 region could be constructive. If buyers step back in at that demand zone, DOGE has a chance to stabilize and maybe even rebound later in the week.
The post Dogecoin Slips Below $0.22 as Bears Eye $0.21 Retest first appeared on BlockNews.
Read More