Key Takeaways
Dogecoin continues consolidating between $0.18 and $0.30 as sentiment declines. Network activity remains muted, increasing the probability of a retest of the $0.18 support level.
Since early 2025, Dogecoin [DOGE] has remained locked in an extended consolidation phase, fluctuating between $0.18 and $0.30.
This long-standing range reflects both buyer accumulation and persistent selling pressure from short-term holders.
At the time of writing, DOGE traded at $0.2181 after a 1.83% daily decline, hovering just above the mid-range support.
The $0.25 zone continued to limit upward momentum, while $0.18 stood as the strongest floor. Therefore, traders viewed these boundaries as key decision points.
Until DOGE escapes this prolonged accumulation box, volatility spikes will likely remain contained within these price levels.
Source: TradingView
Are momentum signals pointing toward weakness?
Momentum indicators reflected the uncertainty surrounding DOGE’s near-term direction. The Relative Strength Index (RSI) stood at 47.55, tilting slightly bearish after losing strength above 50.
Meanwhile, the Directional Movement Index (DMI) showed a convergence between +DI and -DI, while the Average Directional Index (ADX) highlighted fading trend strength.
This signaled that neither bulls nor bears currently held dominance. However, this type of indecision often precedes stronger price swings.
Therefore, a decisive shift in RSI or DMI could determine whether Dogecoin mounts a recovery or slides deeper toward the $0.18 level.
Source: TradingView
New concerns for Dogecoin traders
On-chain data highlighted weakening community support for DOGE. Social Dominance has dropped to 1.95%, showing lower visibility across market discussions.
At the same time, Weighted Sentiment sat at -0.61, reflecting a bearish tilt in trader outlook.
Historically, Dogecoin rallies relied heavily on hype-driven participation and bullish sentiment. However, both metrics now suggest waning conviction, making it harder for buyers to regain control.
Without an uptick in social traction or improved sentiment, speculative interest may remain limited, reducing the chances of Dogecoin reclaiming the higher end of its consolidation range.
Source: Santiment
Can network activity justify DOGE’s current valuation?
Dogecoin’s on-chain activity revealed further cautionary signs. The daily transaction count sat at 6,507, reflecting weaker activity compared to previous periods.
Meanwhile, the Network Value to Transactions (NVT) ratio was elevated at 686, suggesting DOGE’s valuation exceeds the level supported by its actual network usage.
This imbalance signaled potential overvaluation and highlights the risk of further downside if activity fails to pick up.
Therefore, without consistent improvement in transaction flow, Dogecoin could remain vulnerable to corrections that bring it closer to its lower consolidation levels.
Source: Santiment
Will Dogecoin rally or retest support?
Dogecoin’s market structure tilts bearish. Momentum indicators remained weak, social sentiment has declined, and network activity is subdued while valuation metrics appear stretched.
These combined signals point toward fading strength.
Therefore, DOGE looks more likely to retest the $0.18 support rather than successfully breaking out toward $0.30.