Dogecoin Faces Sharp Decline as Bearish Breakdown Wipes Out 2025 Gains

Dogecoin (DOGE) has entered a critical phase after breaking down from one of its key technical formations of 2025 — a descending triangle pattern that had served as a major consolidation zone for months. The breakdown, which occurred over the past 48 hours, erased nearly all of Dogecoin’s mid-year gains and pushed the cryptocurrency back into bearish territory. DOGE fell below the triangle’s lower boundary near $0.18, confirming a bearish breakout after multiple failed attempts to reclaim the $0.21–$0.22 resistance zone.

The token plunged more than 6% in a single day and now trades around $0.175, hovering dangerously close to its next crucial support level at $0.16. This drop also forced Dogecoin below its 200-day moving average — a sign that long-term trend momentum may be shifting in favor of the bears. Technical indicators paint a grim outlook: both the 50-day and 100-day moving averages are trending downward, signaling rising selling pressure if buyers fail to spark a quick rebound.

Market sentiment remains weak, supported by falling volume and the absence of strong buy-side activity. The Relative Strength Index (RSI) sits near 35, indicating that while selling momentum dominates, the asset isn’t oversold enough to attract major dip-buying interest.

If Dogecoin loses the $0.16 support, the next key zone lies near $0.13 — a level last seen during early 2025’s correction. Further losses could reopen the path toward $0.10, marking levels unseen since late 2024. With major moving averages positioned above the current price and investor sentiment turning cautious, Dogecoin’s bullish outlook for 2025 faces serious jeopardy unless market momentum shifts decisively upward.