Dogecoin is slipping: Can $DOGE price drop to the crest level?

Dogecoin (DOGE) once again trading under pressure, hovering around $0.167 at the time of writing. Both the daily and hourly charts show a clear picture—buyers are backing down and momentum is slowing. After testing the $0.20 resistance level and failing to break through, the DOGE price is now losing support at the major moving averages. The question now is: will the price fall further or will the bulls be able to defend this important zone? Dogecoin price prediction: What does the daily chart reveal?

The daily chart shows a series of lower highs and lower lows continuously, with the DOGE price currently trading below the 20-day moving average ($0.185), the 50-day ($0.201), and even the 100-day moving average ($0.184). These three dynamic resistance zones are currently above the current price level, increasing the downward pressure. Notably, the 200-day moving average is still much higher at $0.250, indicating a weak trend in the long term. DOGE's recent crash below $0.17 signals that short-term buyers have exited. The Heikin Ashi candlestick is still predominantly red, confirming the downtrend. The support zone is currently between $0.160 and $0.155 and a clear breakdown could open a path towards $0.145 and even $0.125, down 25% from the current level. Please calculate the potential loss at that level: Down to 0.125 from 0.167=(0.167−0.125/0.167)×100 = 25.14% This could discourage new investors unless strong buying pressure returns. What is the hourly chart suggesting?

Zooming in on the hourly chart, the price of DOGE is trapped below all the major moving averages: SMA 20, 50, 100, and 200. They are tightly packed between $0.169 and $0.181, and the price has been rejected from this zone multiple times. This congestion reflects a strong resistance level in the daily chart. In the last 48 hours, the Dogecoin price has been trying to regain the $0.175 level but has been unsuccessful. Sellers quickly entered the fray, and the price fell back to the $0.167 level. Moreover, repeated lower highs indicate weakening demand even among day traders. The short-term floor is near $0.162. If this level is broken, DOGE could retest the $0.150 level quickly. Dogecoin Price Prediction: Is There Any Hope for a Price Reversal? There may be a rebound, but only if the DOGE price can regain and hold above $0.175 with trading volume. That would clear the 20 and 50 SMAs and open a path to $0.185, which is the next Fibonacci resistance and also aligns with the 100-day moving average. A move between $0.167 and $0.185 would be a pretty decent 10.7% price rally. (0,185−0,167/0,167​)×100=10,77% But for now, both the structure and the moving averages suggest that any recovery will be short-lived unless the overall market sentiment improves. Bitcoin's dominance is increasing, and the price of altcoins like Dogecoin tends to lag behind during such periods. What is the verdict? Dogecoin's trend is clearly bearish on both daily and hourly timeframes. Sellers are in control and support levels are at stake. If $0.162 is broken, the price of DOGE could drop by another 10–20% in the coming weeks. Winning back $0.175–$0.185 is crucial for any short-term recovery. Until then, this meme coin may continue to decline slowly as the market flows capital into larger capitalizations.