Dogecoin (DOGE) Price Prediction for August 17, 2025

After trying to go higher several times in August, Dogecoin has stayed around $0.232. The coin is in a narrowing structure where Fibonacci retracements, trendline resistance, and liquidity zones come together. This sets up a big move for August 17.

What‘s Happening With Dogecoin’s Price？

DOGE price dynamics (Source: TradingView)

Dogecoin is trading inside a big descending wedge pattern on the daily chart. The top of the wedge is at $0.287, which is where the price is having trouble breaking through. There have been many rejections between the 0.5 Fib retracement at $0.2382 and the 0.618 retracement at $0.2499 in the last few days. Support has stayed close to $0.2266 (Fib 0.382), and $0.212 (Fib 0.236) is still the deeper floor.

The wedge shape suggests that there could be breakout activity, and a bullish push above $0.25 would open the way to $0.29–$0.30. If DOGE closes below $0.22, it will have to test $0.20 psychological support again.

Why Is The Dogecoin Price Going Down Today？

DOGE price dynamics (Source: TradingView)

A mix of technical rejections and weaker on-chain flows is what caused the price of Dogecoin to drop today. On the 4-hour chart, the Supertrend is still bearish, and resistance is set at $0.246. At the same time, DMI shows that +DI is at 23.4, which is lower than -DI at 25.1. This shows that the bullish setup is weak and that sellers have more power.

DOGE Spot Inflow/Outflow (Source: Coinglass)

Exchange flows also confirm the caution. Data from August 16 shows DOGE registered net outflows of –$8.21 million, indicating investor distribution rather than accumulation. This on-chain signal aligns with repeated intraday failures above the $0.24–$0.25 supply band.

Bollinger Bands, EMAs, and VWAP Indicate Compression

DOGE price dynamics (Source: TradingView)

On the 4-hour chart, DOGE trades between the EMA20 ($0.2316) and EMA50 ($0.2296), with Bollinger Bands tightening around $0.232. This setup shows price compression, often preceding volatility expansion.

DOGE price dynamics (Source: TradingView)

On the 30-minute chart, VWAP is clustered at $0.2330 with price moving in line, suggesting neutral intraday momentum. Parabolic SAR dots also hover tightly around candles, showing indecision and a potential shift in trend direction if volume expands.

Liquidity and Smart Money Levels

DOGE price dynamics (Source: TradingView)

The Smart Money Concepts chart shows a “weak high” near $0.30 that has not been taken yet. Price structure reveals multiple Breaks of Structure (BOS) between $0.20 and $0.23, confirming bullish attempts.

However, heavy supply near $0.28–$0.30 continues to reject advances. The strongest liquidity pools remain lower, between $0.15 and $0.18, which could act as magnets if $0.22 breaks.

DOGE Price Prediction: Short-Term Outlook (24H)

For the next 24 hours, Dogecoin price would remain range-bound with a neutral-bearish tilt. A sustained move above $0.238–$0.24 could trigger a retest of $0.25, followed by $0.26–$0.27 if momentum builds.

If sellers regain control, breaking $0.226 would expose DOGE to $0.22 and then $0.21. Momentum indicators show weakening bullish attempts, and on-chain outflows lean toward caution. Traders should closely watch the $0.24–$0.25 zone for confirmation of direction.

Dogecoin Price Forecast Table: August 17, 2025