Dogecoin ($DOGE) Crypto Forecast: Down 5.1% Today

What is Dogecoin?

Dogecoin (DOGE) is a popular meme-based cryptocurrency known for its community-driven nature and playful branding. The overall cryptocurrency market has been experiencing volatility, with various digital assets reacting to market trends and external factors.

Why is Dogecoin going down?

DOGE crypto is down 5.1% on Aug 5, 2025 17:11

• Despite the general recovery signs in the crypto market, Dogecoin faced a strong bearish movement recently.
• The bearish movement could be attributed to the overall decline in the cryptocurrency market, as highlighted by the liquidations in Solana, Dogecoin, and Cardano.
• Additionally, the plunge in open interest and funding rates for Dogecoin may have contributed to the extended losses, indicating a lack of bullish sentiment among traders.
• The market movement of Dogecoin suggests that even with attempts to tackle key resistances and bounce off support levels, external factors and market dynamics can still exert significant downward pressure on the token.

DOGE Price Chart

DOGE Technical Analysis

DOGE News

Dogecoin Price Prediction: DOGE tackles $0.21 resistance after 5% gain, but derivatives remain weak

Dogecoin (DOGE) is up 5% on Monday, joining the general crypto market in showing recovery signs. In a bid to offset a 35% decline in the past two weeks, the top memecoin is tackling the $0.21 resistance, strengthened by key technical indicators.

https://www.fxstreet.com/cryptocurrencies/news/dogecoin-price-prediction-doge-tackles-021-resistance-after-5-gain-but-derivatives-remain-weak-202508042240

Litecoin Rallies Past Bitcoin, Dogecoin To Hit A 5-Month High As Spot ETF Approval Odds Spike - LTC Properties ( NYSE:LTC )

Litecoin LTC/USD bumped to a five-month high Monday, buoyed by prospects for its spot exchange-traded fund approval. Speculate on price movements, claim up to $200 in bonuses, and start with risk-free paper trading with crypto futures on Plus500.

https://www.benzinga.com/crypto/25/08/46848727/litecoin-rallies-past-bitcoin-dogecoin-to-hit-a-5-month-high-as-spot-etf-approval-odds-spike

Dogecoin Recovers Above 20 Cents: Where Is DOGE Headed Next?

Prominent analyst notes DOGE recently bounced off key support at $0.189, aligning with the weekly bull market support band. Another trader says Dogecoin could be among the few altcoins to surpass its previous all-time high. The next correction is closer than you think.

https://www.benzinga.com/crypto/cryptocurrency/25/08/46833787/dogecoin-recovers-above-20-cents-where-is-doge-headed-next

Solana, Dogecoin, and Cardano lead decline amid $635 million crypto market liquidations

The cryptocurrency market is down on Friday, underpinned by the US Federal Reserve's decision to keep interest rates stable at 4.25% to 4.50% for the fifth consecutive time.

https://www.fxstreet.com/cryptocurrencies/news/solana-dogecoin-and-cardano-lead-decline-amid-635-million-crypto-market-liquidations-202508010604

Dogecoin Price Forecast: DOGE extends losses as open interest, funding rates plunge

Dogecoin (DOGE) price recovery hangs in the balance, as bears tighten their grip on Friday.

https://www.fxstreet.com/cryptocurrencies/news/dogecoin-price-forecast-doge-extends-losses-as-open-interest-funding-rates-plunge-202508011220

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Dogecoin Price History

30.06.2025 - DOGE Crypto was down 5.2%

• The bearish movement in DOGE today can be attributed to the broader pullback in the cryptocurrency market, as meme coins like DOGE are facing downside pressure amid declining bullish momentum and Open Interest.
• The accumulation of 130 million DOGE by whales, despite the price drop, may have contributed to the selling pressure and pushed the Relative Strength Index (RSI) into oversold territory.
• The upcoming 100 million DOGE token unlock scheduled from July 28 to Aug 4 could be causing uncertainty and leading to profit-taking by traders, resulting in the bearish movement.
• The contrasting paths shown in the charts of altcoins like XRP and DOGE, with significant weekly losses, indicate a broader trend of market correction and potential investor concerns, further impacting DOGE's price negatively.

23.06.2025 - DOGE Crypto was down 8.5%

• The bearish movement in DOGE can be attributed to several factors:
• The decline in bullish momentum following a substantial 37% gain the previous week may have led to profit-taking by investors.
• The proposal of a new opcode for zero-knowledge proof verification by DogeOS may have sparked uncertainty and caution among traders, impacting the token's price negatively.
• The broader altcoin market's outperformance, particularly led by Ethereum, may have diverted investor attention away from DOGE, resulting in a relative underperformance of the token.
• The surge in open interest and leverage across the top altcoins, including DOGE, indicates a frothy market environment, potentially leading to increased volatility and downside pressure on prices.

23.06.2025 - DOGE Crypto was down 10.8%

• DOGE faced a bearish movement today, losing over 3% in value.
• Recent on-chain data revealed that whales, the largest investors in the market, were accumulating DOGE, indicating a shift in market sentiment towards the token.
• The surge in altcoin market capitalization, led by Ethereum, may have diverted attention and capital away from DOGE, contributing to its decline.
• The increase in leverage and speculative activity in the altcoin market, including DOGE, could have amplified downside volatility, leading to the bearish movement in the token.

04.07.2025 - DOGE Crypto was up 5.1%

• DOGE displayed noteworthy bullish movement today, defying the general downturn in the cryptocurrency market.
• Its price action exhibited resilience by surpassing $0.20 and rebounding from key support levels.
• Analysts' optimistic outlook on DOGE potentially surpassing previous record highs bolstered positive sentiment towards the coin.
• Despite challenges faced by meme coins in the market, DOGE's ability to attract investors and outperform other assets led to its impressive performance today.

29.06.2025 - DOGE Crypto was down 5.0%

• The downward movement in DOGE today is thought to result from traders taking profits following a recent increase in price.
• Market volatility in DOGE, potentially caused by whales accumulating the cryptocurrency and an upcoming token unlock event, has led to the decline in its price.
• Despite some altcoins, like XRP and DOGE, losing their gains for the week, investor sentiment in the crypto market is diverse, with a close eye on price movements.
• The market has seen shifts with the introduction of projects like SatoshiMeme and the filing of a provisional patent for the Dogecoin protocol framework, contributing to market uncertainty and fluctuations in DOGE's value.

25.06.2025 - DOGE Crypto was down 5.9%

• The overall crypto market saw a downturn with Bitcoin falling below $116K, impacting other cryptocurrencies like DOGE.
• Despite positive developments such as Bit Origin's DOGE purchase for its treasury, subdued network activity and market sentiment contributed to DOGE's 13% decline.
• Reports of whales discreetly accumulating DOGE did not offset the selling pressure, leading to a 3% decrease as bullish momentum weakened.
• Various factors like market-wide liquidations, technical indicators such as the Golden Cross, and profit-taking actions possibly influenced DOGE's bearish movement today.

25.06.2025 - DOGE Crypto was down 5.2%

• A recent purchase of DOGE by Bit Origin aiming to increase its value above $0.29 faced resistance from the market sentiment, leading to a downward trend.
• Reduced network activity and a drop in price from $0.2873 to approximately $0.2372 were factors contributing to DOGE's decline.
• Despite large investors stocking up on DOGE and plans for technological advancements like DogeOS, the overall market sentiment and diminishing bullish momentum caused a drop of over 3%.
• Technical aspects like the Golden Cross pattern and macro resistance zones, alongside other factors, pressed down on DOGE, resulting in the token reaching 25 cents.

26.06.2025 - DOGE Crypto was up 5.6%

• Dogecoin (DOGE) exhibited notable bullish movement, diverging from the general market trend of price decline in cryptocurrencies.
• The purchase of DOGE by Bit Origin for its crypto treasury possibly influenced market sentiment positively, helping push the altcoin above the $0.29 resistance level.
• Despite worries over a potential price decrease linked to low network activity, the positive developments related to treasury acquisitions and accumulation by large holders may have outweighed negative signals, propelling DOGE's upward trajectory.
• The broader market slump and liquidation of long cryptocurrency positions, including Bitcoin's drop below $116K, did not appear to hinder DOGE's bullish upsurge, underscoring the unique strength in the token's market sentiment.

26.06.2025 - DOGE Crypto was up 5.0%

• Dogecoin saw a strong bullish movement today, potentially influenced by positive market sentiment and increased trading activity.
• The speculation about potential treasury purchases pushing DOGE's price to $0.29 might have played a role in the upward movement.
• There were concerns about a possible price drop due to reduced network activity, but overall market enthusiasm and optimism seemed to override these worries, driving Dogecoin's bullish trend.
• While the retreat of meme coins and a general cautious approach in the cryptocurrency market initially stirred uncertainty, the enduring appeal of Dogecoin among investors ultimately fueled its positive performance.

05.07.2025 - DOGE Crypto was down 5.1%

• Despite the general recovery signs in the crypto market, Dogecoin faced a strong bearish movement recently.
• The bearish movement could be attributed to the overall decline in the cryptocurrency market, as highlighted by the liquidations in Solana, Dogecoin, and Cardano.
• Additionally, the plunge in open interest and funding rates for Dogecoin may have contributed to the extended losses, indicating a lack of bullish sentiment among traders.
• The market movement of Dogecoin suggests that even with attempts to tackle key resistances and bounce off support levels, external factors and market dynamics can still exert significant downward pressure on the token.

28.06.2025 - DOGE Crypto was down 5.2%

• Today's decline in DOGE is in line with the broader market trend affecting altcoins like XRP and Dogecoin, hinting at a possible shift in trader sentiment.
• The emergence of a new crypto project named SatoshiMeme may have drawn some focus and investment away from Dogecoin, potentially influencing its decrease.
• Unexpected news regarding Dogecoin Cash Inc. seeking a provisional patent for a protocol framework might have sparked uncertainty among investors, leading to the selling of DOGE tokens.
• Forecasts suggesting a rise in Shiba Inu's value and its potential to surpass Dogecoin by 2026 could have prompted investors to reconsider their holdings, impacting DOGE's price negatively today.

01.07.2025 - DOGE Crypto was down 5.2%

• The overall cryptocurrency market saw a decline, with Solana, Dogecoin, and Cardano leading the way, possibly influenced by the US Federal Reserve's decision to maintain interest rates.
• Dogecoin's price was under pressure as open interest and funding rates plunged, indicating a bearish sentiment among investors.
• Meme coins, including DOGE, faced downside risks due to decreasing bullish momentum and open interest in the broader crypto market.
• Despite the bearish trend, whales continued to buy the dip in Dogecoin, accumulating a substantial amount of tokens, which could have contributed to the oversold conditions and price drop.