If Dogecoin price fails to hold the $0.2160 support zone, the next major downside target lies around $0.2100–$0.2120, followed by the $0.1970–$0.2000 range, where long-term moving averages converge.
On the upside, a move back above $0.2230 would be the first signal of a recovery, but bulls must clear $0.2345 with strong volume for sustained upside. Without that, price may remain range-bound or trend lower into late May.
With RSI near oversold, MACD fading, and Ichimoku trends weakening, the near-term bias tilts bearish unless DOGE sees a decisive bounce with rising volume and structural support at $0.2160 holds firm.
DOGE Price Forecast Table: May 20
Resistance 1: 0.2345
Resistance 2: 0.2450
Support 1: 0.2160
Support 2: 0.2107
200 EMA (4h): 0.1977
RSI (30Mins): 37.88 (Bearish signal)
MACD (30Mins): Bearish Crossover
Bollinger band width: Narrowing bands
Ichimoku Status: Price Below Cloud, Weak Momentum.
Moreover, The daily chart reveals that DOGE is still trading within a falling wedge structure from its February peak. A breakout above the wedge and reclaiming $0.2345 would be necessary to reestablish bullish control. Until then, price remains capped by supply zones overhead and trendline resistance.
However, Despite the selloff, Dogecoin price action is still above a broader support cluster between $0.2107 and $0.2160, a region that coincides with the lower Bollinger Band and key EMA zones. Price also aligns with the 100 EMA at $0.2107 on the 4-hour chart. A breakdown below this would expose DOGE to a retest of its 200 EMA near $0.1977. $DOGE
Traders can plan their trades according to above given levels.