Dogecoin (DOGE) Price Prediction for August 23

The Dogecoin price today is trading around $0.212 after losing 2.5% in the last session. Despite recovering from the $0.20 low earlier this week, DOGE remains pinned under a descending channel on the 4-hour chart. Sellers continue to defend the $0.22–$0.225 resistance cluster, while buyers are relying on the $0.21 pivot to prevent a deeper slide toward $0.19.

Dogecoin Price Forecast Table: August 23, 2025

Indicator/Zone	Level / Signal
Dogecoin price today	$0.212
Resistance 1	$0.225 (channel top)
Resistance 2	$0.247 (Fib / daily triangle)
Support 1	$0.21
Support 2	$0.20 / $0.19
RSI (30-min)	34.7 (Near oversold)
EMAs (20/50/100/200, 4H)	Bearish stack, capped near $0.22
Bollinger/Keltner Channels	Compression, volatility squeeze
DMI (1D)	-DI leads, bearish momentum intact
Netflow (Aug 22)	-$9.5M (mild bullish, not confirmed)
Short-Term Trend Bias	Neutral-Bearish below $0.225

What’s Happening With Dogecoin’s Price?

On the 4-hour chart, Dogecoin is trapped inside a falling channel after repeated rejections from the $0.25 zone earlier this month. The purple trendline support from July has been broken, shifting momentum in favor of sellers. …

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