DOGE Price Prediction: Support Holds After 9 % Plunge, BUT a Rebound Might Come...

Dogecoin (DOGE) tumbled 9.24 %, falling from $0.248 to $0.226 in 24 hours. Institutional sell pressure spiked trading volume to 918 million DOGE.

Rudy Fares

Rudy Fares

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Categories: DogecoinDOGE prediction

Dogecoin Recent Price Action: Why did Dogecoin Crash?

$DOGE began the session at $0.240, rallied to $0.248, then plunged during heavy U.S. trading hours, hitting a low of $0.223. A late rebound lifted the price back to $0.226, indicating that buyers were accumulating near the support zone. Notably, volume during the sell‑off spiked to 918 million, more than 2× the 24‑hour average. This indicates that large players may have triggered stop‑loss orders, which could create a base for recovery if demand returns.

Looking at the past 7-days, the chart looks even grimmer, with more than -18% losses.

DOGEUSD_2025-07-29_19-11-39.png

DOGE/USD price chart in the past week - TradingView

Technical Outlook for Dogecoin Price

LevelSignificance
$0.248 (recent high)Short‑term resistance; failure to sustain rally triggered the sell‑off.
$0.240–$0.241Key resistance zone—needs to break for bullish reversal.
$0.223–$0.225Strong support tested twice; heavy volume suggests accumulation.
$0.215–$0.218Next support if $0.223 fails.

 

OKX-DACH-Promo

Dogecoin Price Prediction: Important Levels to Watch

Given the heavy sell‑off and subsequent bounce from the $0.223 area, the near‑term outlook is cautiously optimistic. If DOGE holds above $0.223 and can reclaim $0.241, the price could retest $0.260 within days. However, failure to maintain support may send it toward the $0.215–$0.218 range. Investors should monitor U.S. inflation data and Federal Reserve commentary, as macro headwinds may prolong volatility.

How to Trade Dogecoin?

  • Identify your exchange – Compare fee structures and liquidity using our exchange comparison guide.
  • Monitor price levels – Watch the $0.223 support and $0.241 resistance zones closely.
  • Understand the asset – For new traders, read up on blockchain basics to appreciate the technology behind DOGE.

For live pricing and charts, visit the DOGE price page.

Rudy Fares
Article By

Rudy Fares

Equity Trader, Financial Consultant, Musician and Blockchain Aficionado. I spend my time doing Technical and Fundamental Analyses for Stocks, Currencies, Commodities and Cryptocurrencies.

Regular updates on Web3, NFTs, Bitcoin & Price forecasts.

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