Dogecoin Price Analysis of March 7, 2025: DOGE Failed to Break $0.22 and Crashed to $0.19, What’s Next?

Are you looking for a Dogecoin price analysis in order to invest safely? On March 6, 2025, at 05:31 UTC, Dogecoin (DOGE/USDT) was trading at $0.19899, showing signs of recovery after a major dip earlier today. The chart displayed a well-defined support and resistance structure, with crucial price action events marked by breakouts, RSI overbought/oversold signals, and MACD crossovers, providing a clear technical outlook for traders.

Analyzed by triparnabaishnab published on TradingView, March 7, 2025

$0.2195: The Crucial Resistance Level That Sparked a 10% Decline

DOGE price today started March 6, 2025, with a vigorous upward momentum which reached $0.2195 at 03:00 UTC for its peak point of the day. During that, the price exhibited its maximum value which became a significant barrier to higher prices. A sudden price dip from this level led to a downward shift that dropped the price beneath $0.2050 by 06:00 UTC after breaking through earlier support ranges.

Buyers in Dogecoin entered at $0.1950 during UTC time 21:00 to create a vital support area. The $0.2000 resistance level prevented the DOGE breakout attempt that happened at 22:00 UTC before initiating another price drop. Dogecoin encountered an extensive market decline on March 7, 2025, at 02:30 UTC, following the daily price reaching its minimum point of $0.1900 before recovering sharply until reaching $0.1989 by 05:31 UTC.

Dogecoin Price Analysis: RSI and MACD Signals Predicted 5% Rebound

The Relative Strength Index acted as an indicator for detecting changing market trends. The Relative Strength Index reached above 70 around 03:00 UTC on March 6, 2025, during which Dogecoin reached its daily high of $0.2195. The market trend shifted downward right after, which demonstrated that buying power had run out ahead of an upcoming price adjustment.

The indicator fell below 30 at 02:30 UTC on March 7, 2025, to create an oversold condition, which became the lowest RSI value. The price point of $0.1900, which matched this reading, showed that the selling force had reached its maximum before a reversal started to form. A price recovery took place according to expectations due to the upward momentum, which returned the price to $0.1989 by 05:31 UTC.

Trend changes were detected through the Moving Average Convergence Divergence (MACD) indicator. A Golden Cross formed when the MACD line exceeded the signal line at 02:30 UTC on March 7th, 2025. The bullish signal emerged precisely when the price increased from $0.1900 to $0.1989, while the market indicated RSI readings showed an oversold condition.

Two earlier Death Cross signals appeared while a pair of Golden Cross signals formed in opposition. On UTC time 06:30 March 6, 2025, the price registered its first movement, which caused casualties from $0.2050 to $0.1950. A Death Cross at 18:00 UTC validated bearish market potential just before the price reached its last point at $0.1900.

Dogecoin’s Next Move: Will $0.2050 Be the Next Stop in the Uptrend?

The DOGE price today of $0.1980 managed to break out during UTC 03:18 time on March 7th, 2025, marking an important moment after Dogecoin recovered robustly from its $0.1900 daily low. A strong demand area formed by the green support line at $0.1950 successfully stopped the additional price decline. Dogecoin may boost its price up to $0.2050 after it keeps its position above $0.1989.

The DOGE breakout retest pattern during March 6-7, 2025, when its price dropped sharply but recovered after RSI and MACD confirmed the upswing. The crucial marks for traders include the daily closing price of $0.1900 alongside the breakout performance at $0.1980. The price will surge toward $0.2050 if the $0.1989 support level remains solid but may return to $0.1950 if this support fails to hold. The future holds several price targets for this cryptocurrency, and you might be interested in seeing them.