The post DOGE Price Drops 10% Despite Bullish Technical Momentum – Can $0.26 Support Hold? appeared on BitcoinEthereumNews.com.

Ted Hisokawa
Sep 15, 2025 09:34

Dogecoin trades at $0.26 after a sharp 10% decline, but technical indicators suggest underlying bullish momentum remains intact with DOGE RSI holding neutral territory.

Quick Take • DOGE currently trading at $0.26 (-9.98% in 24h) • Dogecoin’s RSI maintains neutral 59.96 reading despite price drop • Recent resistance at $0.244 level confirms key technical pattern from September surge What’s Driving Dogecoin Price Today? The DOGE price is experiencing significant volatility this week, building on the momentum established during early September’s rally. On September 8th, Dogecoin surged 4.62% as analysts identified a classic chart pattern that suggested potential for larger price movements ahead. This bullish sentiment carried into September 9th, when DOGE price action showed a notable 5.7% swing as traders began eyeing the psychological 25-cents target. However, today’s 10% decline appears to be a natural correction following last week’s gains. The recent price action aligns with the resistance levels identified during the September surge, where DOGE faced selling pressure at $0.244. Despite the current pullback, the underlying technical structure suggests this could be a healthy consolidation rather than a trend reversal. The heavy trading volume of $805 million on Binance spot markets indicates strong institutional and retail interest, suggesting that market participants remain engaged despite the temporary price weakness. DOGE Technical Analysis: Mixed Signals Point to Consolidation Phase Dogecoin technical analysis reveals a complex picture where short-term weakness meets underlying bullish momentum. The DOGE RSI reading of 59.96 sits comfortably in neutral territory, indicating that Dogecoin hasn’t reached oversold conditions despite today’s decline. This suggests room for further downside movement before hitting technical support levels. The MACD indicator presents the most compelling bullish signal, with Dogecoin’s MACD histogram showing a positive 0.0056 reading. This bullish momentum…

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Filed under: News - @ September 16, 2025 4:26 am