The post Dogecoin ($DOGE) Price Prediction for May 21 appeared on BitcoinEthereumNews.com.

Dogecoin price today is trading around $0.223, showing signs of mild weakness after facing rejection near the $0.232 resistance zone. The latest Dogecoin price update suggests a slight bearish tilt forming on lower timeframes, with the broader trend caught between tightening Bollinger Bands and fading momentum indicators. Despite recent Dogecoin price spikes, buyers are showing hesitation near overhead supply levels. What’s Happening With Dogecoin’s Price? On the 4-hour chart, Dogecoin price action shows a clear descending trendline capping upside since the mid-May peak around $0.258. After multiple failed attempts to break above $0.236, DOGE is now testing support near $0.222—coinciding with the 50-EMA and the lower edge of the Bollinger mid-band. The structure remains in a narrowing triangle with support layered around $0.218 and resistance near $0.229. Notably, the Dogecoin price volatility has begun to compress on shorter timeframes. This is visible in the 30-minute Bollinger Bands, where the upper and lower bands are starting to converge—a classic signal that a breakout or breakdown may be forming. The stochastic RSI has also dropped sharply from overbought levels, pointing toward near-term exhaustion. Why Dogecoin Price Going Down Today? The question many traders are asking is: Why Dogecoin price going down today? The answer lies in the loss of bullish momentum after DOGE failed to sustain above the $0.230 threshold. On the RSI front, the 30-minute chart shows a decline to 45.6 from a peak above 65, while the MACD histogram has turned negative for the first time since May 19. The bearish crossover on MACD lines signals declining buyer strength, supported by the falling RSI slope. The Ichimoku Cloud on the 30-minute chart further confirms this outlook. DOGE is now trading just below the Tenkan-sen (conversion line) and Kijun-sen (base line), with price re-entering the cloud, hinting at indecision and a…

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Filed under: News - @ May 20, 2025 10:29 am