DOGE Plummets Significantly, Yet History Indicates a Potential $7 Goal

Written by Ohris M. Greyoon, Blockchain & Crypto Expert

Source: Coinmarketcap

Updated: Oct 17 2025

Should l Buy DOGE?

Current Price and Market Performance: Dogecoin is currently trading at approximately $0.18, having dropped over 29% in the past week and 9% in the last day, making it the biggest loser among the top 20 cryptocurrencies.
Historical Price Patterns: Analysts suggest that Dogecoin may follow historical market cycles, which typically involve a significant drop followed by a sideways phase and then a strong rally, potentially leading to price targets between $5 and $7 if past patterns repeat.
Potential for Rebound: Technical analysis indicates a possible rebound for Dogecoin, with charts showing a long lower wick and a wave structure that suggests the end of a correction, potentially leading to a rise towards $1.50 if key support levels are maintained.
Market Developments: The launch of House of Doge through a Nasdaq merger may enhance Dogecoin's long-term market presence, with traders closely monitoring key points to determine if a significant price increase is forthcoming.

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Technical Analysis for DOGE

Technical Sentiment Analysis for Dogecoin (DOGE) As of , Dogecoin (DOGE) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 3 technical signals, shows that 0 indicators are flashing buy, while 3 are indicating sell.

Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for DOGE stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.

Support, Resistance & Moving Averages From a structural perspective, DOGE is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.

Dogecoin (DOGE) Support & Resistance Level

Name	S3	S2	S1	Pivot Points	R1	R2	R3
Classic	0.0456	0.0628	0.0815	0.0987	0.117	0.135	0.153
Fibonacci	0.0628	0.0765	0.085	0.0987	0.112	0.121	0.135

About DOGE

Dogecoin (DOGE) is based on the popular 'doge' Internet meme and features a Shiba Inu on its logo. The open-source digital currency was created by Billy Markus from Portland, Oregon and Jackson Palmer from Sydney, Australia, and was forked from Litecoin in December 2013. Dogecoin's creators envisaged it as a fun, light-hearted cryptocurrency that would have greater appeal beyond the core Bitcoin audience, since it was based on a dog meme. Tesla CEO Elon Musk posted several tweets on social media that Dogecoin is his favorite coin.

About the author

Ohris M. Greyoon

Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.

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