The post Dogecoin (DOGE) Faces Bearish Pressure Despite Recent Whale Accumulation appeared on BitcoinEthereumNews.com.

Felix Pinkston
Aug 29, 2025 11:30

DOGE trades at $0.21 after a 4.01% decline, testing key support levels while technical indicators signal mixed momentum ahead of potential September breakout.

Quick Take • DOGE currently trading at $0.21 (-4.01% in 24h) • Dogecoin’s RSI at 46.93 shows neutral momentum with bearish MACD divergence • Recent whale accumulation activity drives institutional interest despite price consolidation What’s Driving Dogecoin Price Today? The DOGE price has retreated 4.01% in the past 24 hours, falling to $0.21 despite positive momentum earlier this week. This decline comes after a notable 4% gain on August 26, when whale accumulation pushed DOGE to the $0.21-$0.22 range. Recent market dynamics show conflicting signals for Dogecoin. While August 23 delivered an impressive 11% surge that drove DOGE price to $0.24 with nearly doubled trading volume, the subsequent consolidation suggests profit-taking pressure has emerged. Trading volume on Binance spot reached $235.8 million in the past 24 hours, indicating sustained institutional interest despite the current pullback. The broader market narrative centers on Dogecoin’s consolidation within a symmetrical triangle pattern, with analysts highlighting potential breakout scenarios for September. However, mixed Q3 historical performance adds uncertainty to near-term price action. DOGE Technical Analysis: Neutral Signals Emerge Dogecoin technical analysis reveals a mixed picture as momentum indicators diverge. The DOGE RSI sits at 46.93, placing it firmly in neutral territory without clear directional bias. This neutral RSI reading suggests neither oversold nor overbought conditions, leaving room for movement in either direction. The MACD configuration presents a more concerning signal for bulls. Dogecoin’s MACD histogram shows -0.0016, indicating bearish momentum as the MACD line trades below its signal line. This divergence between price stability and momentum deterioration often precedes further downside movement. Moving averages paint a complex picture…

---

Filed under: News - @ August 30, 2025 2:28 am