{"id":38107,"date":"2025-05-14T09:12:01","date_gmt":"2025-05-14T09:12:01","guid":{"rendered":"https:\/\/coincentral.com\/?p=38107"},"modified":"2025-05-14T09:12:01","modified_gmt":"2025-05-14T09:12:01","slug":"dogecoin-doge-price-technical-indicators-turn-bullish-whats-next","status":"publish","type":"post","link":"https:\/\/coincentral.com\/dogecoin-doge-price-technical-indicators-turn-bullish-whats-next\/","title":{"rendered":"Dogecoin (DOGE) Price: Technical Indicators Turn Bullish, What&#8217;s Next?"},"content":{"rendered":"<h2>TLDR<\/h2>\n<ul>\n<li>DOGE experienced a 10% price drop, touching $0.217 before recovering to $0.227<\/li>\n<li>Over $22.5 million in liquidations occurred with $19 million from long positions<\/li>\n<li>Currently ranks as 8th largest crypto with $33.7 billion market cap<\/li>\n<li>Technical charts show a bullish trend line forming with support at $0.235<\/li>\n<li>Price may target $0.265 if it can overcome the $0.245 resistance barrier<\/li>\n<\/ul>\n<hr \/>\n<p>The popular memecoin Dogecoin has been on a rollercoaster ride this week, first climbing above $0.25 before experiencing a sharp 10% correction. Market data shows DOGE plummeted to a low of $0.217 before finding support and bouncing back to the $0.227 level.<\/p>\n<p>This price action placed DOGE among the worst performers in the top cryptocurrency rankings over the past 24 hours. However, zooming out to a weekly timeframe tells a different story, with the coin still boasting gains of more than 34% over the past seven days.<\/p>\n<p>The recent price drop triggered a wave of liquidations across derivatives exchanges. According to data from CoinGlass, Dogecoin saw $22.5 million worth of contracts liquidated in a single day, ranking fourth in total liquidation volume across the entire crypto market.<\/p>\n<p>Long traders were hit particularly hard, with over $19 million in long positions being forcefully closed as prices declined. This liquidation volume, while substantial for DOGE, was still overshadowed by Bitcoin and Ethereum, which experienced $154 million and $136 million in liquidations respectively.<\/p>\n<p>Dogecoin currently maintains its position as the eighth-largest cryptocurrency by market capitalization. With a market cap of $33.7 billion, it continues to rank ahead of Cardano in the top cryptocurrency rankings.<\/p>\n<figure id=\"attachment_38109\" aria-describedby=\"caption-attachment-38109\" style=\"width: 1045px\" class=\"wp-caption aligncenter\"><img fetchpriority=\"high\" decoding=\"async\" class=\"size-full wp-image-38109\" src=\"https:\/\/coincentral.com\/wp-content\/uploads\/2025\/05\/doge-price.webp\" alt=\"Dogecoin (DOGE) Price\" width=\"1045\" height=\"718\" srcset=\"https:\/\/coincentral.com\/wp-content\/uploads\/2025\/05\/doge-price.webp 1045w, https:\/\/coincentral.com\/wp-content\/uploads\/2025\/05\/doge-price-300x206.webp 300w, https:\/\/coincentral.com\/wp-content\/uploads\/2025\/05\/doge-price-122x84.webp 122w, https:\/\/coincentral.com\/wp-content\/uploads\/2025\/05\/doge-price-768x528.webp 768w, https:\/\/coincentral.com\/wp-content\/uploads\/2025\/05\/doge-price-50x34.webp 50w, https:\/\/coincentral.com\/wp-content\/uploads\/2025\/05\/doge-price-150x103.webp 150w, https:\/\/coincentral.com\/wp-content\/uploads\/2025\/05\/doge-price-450x309.webp 450w\" sizes=\"(max-width: 1045px) 100vw, 1045px\" \/><figcaption id=\"caption-attachment-38109\" class=\"wp-caption-text\"><a href=\"https:\/\/www.coingecko.com\/en\/coins\/dogecoin\">Dogecoin (DOGE) Price<\/a><\/figcaption><\/figure>\n<h2>Price Analysis<\/h2>\n<p>After the sharp decline, DOGE appears to be finding its footing around the $0.227 level. The price found strong support near $0.217, allowing bulls to stage a recovery above the $0.225 resistance zone.<\/p>\n<p>Chart analysis shows that buyers have pushed the price above the 50% Fibonacci retracement level calculated from the recent downward move that took DOGE from $0.2531 to $0.2173. A bullish trend line has formed with support visible at $0.235 on hourly charts.<\/p>\n<p>The price is now trading above both the $0.235 level and the 100-hour simple moving average, which many traders view as a positive technical development. This positioning could serve as a foundation for further upward movement.<\/p>\n<p>The immediate resistance on the upside appears at $0.240. Beyond that, a more critical resistance zone exists near $0.244, coinciding with the 76.4% Fibonacci retracement level of the recent downward move.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\"><a href=\"https:\/\/twitter.com\/hashtag\/Dogecoin?src=hash&amp;ref_src=twsrc%5Etfw\">#Dogecoin<\/a> is attempting to break the Bull Flag pattern, setting a target at $0.37 \ud83d\udd25<a href=\"https:\/\/twitter.com\/search?q=%24Doge&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$Doge<\/a> <a href=\"https:\/\/t.co\/aqYIuSuRGq\">pic.twitter.com\/aqYIuSuRGq<\/a><\/p>\n<p>&mdash; Trader Tardigrade (@TATrader_Alan) <a href=\"https:\/\/twitter.com\/TATrader_Alan\/status\/1922437445834178635?ref_src=twsrc%5Etfw\">May 13, 2025<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Should buyers manage to push prices above this zone, the next major resistance would be at $0.253. A successful close above this level could potentially open the path toward the $0.265 zone, with further targets at $0.272 and $0.285.<\/p>\n<p>Technical indicators are starting to lean bullish. The MACD for DOGE\/USD is gaining momentum in the positive zone, while the Relative Strength Index (RSI) has climbed above the 50 level, suggesting increased buying interest.<\/p>\n<p>However, the recovery is not guaranteed. If DOGE fails to break above the $0.244 resistance level, another decline may unfold. In such a scenario, initial support would be found near $0.235, with stronger support around $0.225.<\/p>\n<p>The critical support level sits at $0.215. A break below this level could trigger further selling, potentially pushing prices down to test the $0.20 level or even drop to $0.188 in the near term.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>TLDR DOGE experienced a 10% price drop, touching $0.217 before recovering to $0.227 Over $22.5 million in liquidations occurred with $19 million from long positions Currently ranks as 8th largest crypto with $33.7 billion market cap Technical charts show a bullish trend line forming with support at $0.235 Price may target $0.265 if it can<\/p>\n","protected":false},"author":9001,"featured_media":38108,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"iawp_total_views":61,"footnotes":""},"categories":[28150,28164],"tags":[],"class_list":{"0":"post-38107","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-analysis","8":"category-memes"},"wppr_data":{"cwp_meta_box_check":"No"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Dogecoin (DOGE) Price: Technical Indicators Turn Bullish, What&#039;s Next? 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