After trying to go higher several times in August, Dogecoin has stayed around $0.232. The coin is in a narrowing structure where Fibonacci retracements, trendline resistance, and liquidity zones come together. This sets up a big move for August 17.
What’s Happening With Dogecoin’s Price?
Dogecoin is trading inside a big descending wedge pattern on the daily chart. The top of the wedge is at $0.287, which is where the price is having trouble breaking through. There have been many rejections between the 0.5 Fib retracement at $0.2382 and the 0.618 retracement at $0.2499 in the last few days. Support has stayed close to $0.2266 (Fib 0.382), and $0.212 (Fib 0.236) is still the deeper floor.
The wedge shape suggests that there could be breakout activity, and a bullish push above $0.25 would open the way to $0.29–$0.30. If DOGE closes below $0.22, it will have to test $0.20 psychological support again.
Why Is The Dogecoin Price Going Down Today?’
A mix of technical rejections and weaker on-chain flows is what caused the price of Dogecoin to drop today. On the 4-hour chart, the Supertrend is still bearish, and resistance is set at $0.246. At the same time, DMI shows that +DI is at 23.4, which is lower than -DI at 25.1. This shows that the bullish setup is weak and that sellers have more power.
Exchange flows also confirm the caution. Data from August 16 shows DOGE registered net outflows of –$8.21 million, indicating investor distribution rather than accumulation. This on-chain signal aligns with repeated intraday failures above the $0.24–$0.25 supply band.
Bollinger Bands, EMAs, and VWAP Indicate Compression
On the 4-hour chart, DOGE trades between the EMA20 ($0.2316) and EMA50 ($0.2296), with Bollinger Bands tightening around $0.232. This setup shows price compression, often preceding volatility expansion.
On the 30-minute chart, VWAP is clustered at $0.2330 with price moving in line, suggesting neutral intraday momentum. Parabolic SAR dots also hover tightly around candles, showing indecision and a potential shift in trend direction if volume expands.
Liquidity and Smart Money Levels
The Smart Money Concepts chart shows a “weak high” near $0.30 that has not been taken yet. Price structure reveals multiple Breaks of Structure (BOS) between $0.20 and $0.23, confirming bullish attempts.
However, heavy supply near $0.28–$0.30 continues to reject advances. The strongest liquidity pools remain lower, between $0.15 and $0.18, which could act as magnets if $0.22 breaks.
DOGE Price Prediction: Short-Term Outlook (24H)
For the next 24 hours, Dogecoin price would remain range-bound with a neutral-bearish tilt. A sustained move above $0.238–$0.24 could trigger a retest of $0.25, followed by $0.26–$0.27 if momentum builds.
If sellers regain control, breaking $0.226 would expose DOGE to $0.22 and then $0.21. Momentum indicators show weakening bullish attempts, and on-chain outflows lean toward caution. Traders should closely watch the $0.24–$0.25 zone for confirmation of direction.
Dogecoin Price Forecast Table: August 17, 2025
| Indicator/Zone | Level / Signal |
| Dogecoin price today | $0.232 |
| Resistance 1 | $0.238–$0.25 |
| Resistance 2 | $0.287–$0.30 |
| Support 1 | $0.226 |
| Support 2 | $0.212–$0.20 |
| EMA20 / EMA50 (4H) | $0.2316 / $0.2296, near price |
| Bollinger Bands (4H) | $0.216–$0.252, tight range |
| Supertrend (4H) | Bearish under $0.246 |
| DMI (4H) | -DI leads, bearish pressure |
| VWAP (30-min) | $0.2330, neutral intraday pivot |
| On-chain Netflow (Aug 16) | –$8.21M, distribution bias |
| Liquidity Zones | Supply at $0.28–$0.30, demand $0.15–$0.18 |
Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.
