Dogecoin — the original meme coin — continues to thrive thanks to unexpected breakthroughs and strong volatility driven by social media buzz and retail enthusiasm. As 2025 unfolds, DOGE is once again testing traders' patience with a narrow range on its daily chart.
With the price action fluctuating near an important support level, traders are now wondering: will Dogecoin surprise the market with another rally or is it on the verge of breaking down to a new local low?
In this analysis, we will decode the daily chart, examine the RSI trend, and calculate realistic upside and downside targets to see where the price of DOGE might head next.
Dogecoin Price Prediction: What Does the Daily Chart Reveal?
The daily Dogecoin price chart shows that DOGE has been trading sideways after a significant drop from its recent high near $0.23. Heikin Ashi candles confirm hesitation, with small candle bodies and mixed colors, typically indicating a pause before a stronger directional move.
The RSI is currently at 44.50, with the moving average at 40.54. This suggests that DOGE's price is neither overbought nor oversold, sitting in a slightly bearish neutral zone. However, this slight increase indicates the potential for an attempt to regain bullish momentum if buyers step in.
Is There Strong Support?
Visually, the chart shows a clear support zone forming around $0.15–$0.16, which has held firm during the recent consolidation phase. If DOGE loses this level, the next visible support levels are $0.13 and $0.10, which can be seen from previous local lows.
Can DOGE Price Rise Higher?
For DOGE to break out, it needs to surpass the immediate resistance near $0.17. If buyers push the price above this level, the next target for the rally will be the swing high area near $0.23. That represents a potential increase of about 39%, calculated as follows:
Potential upside = 0.23−0.165×100≈39%
A breakout above $0.17 with significant trading volume could confirm a reversal, attracting momentum traders back to this meme coin.
The RSI bouncing from 40 to 45 indicates slight positive divergence. If the RSI crosses above 50, it will support a stronger bullish narrative. Traders should monitor that change — as an RSI above 50 often signals new buying pressure.
What is the Downside Risk?
If Dogecoin does not hold the $0.15 level, it may revert to the psychological level of $0.10. That would represent a potential decrease of 39% from the current level:
Potential downside = 0.165−0.10×100≈39%
This means that the price of DOGE is at a crossroads, where momentum in either direction could cause significant volatility.
Dogecoin Price Prediction: What Should Traders Pay Attention To?
The daily Dogecoin price chart shows a classic squeeze zone. If buyers can push above $0.17 with the RSI above 50, a price rally to $0.20–$0.23 is realistic in the short term. However, if the bears regain control and push the price below $0.15, DOGE could easily test $0.13 or even $0.10 before finding stronger bids.
Traders should pay attention to the RSI, the Heikin Ashi candle trend, and any spikes in volume. With the history of spikes driven by DOGE's hype, any major news or social rumors could quickly shift this neutral pattern towards a breakout. Currently, the chart suggests that patience is needed — but a significant price move for DOGE could be imminent.