📢 Gate Square Exclusive: #PUBLIC Creative Contest# Is Now Live!
Join Gate Launchpool Round 297 — PublicAI (PUBLIC) and share your post on Gate Square for a chance to win from a 4,000 $PUBLIC prize pool
🎨 Event Period
Aug 18, 2025, 10:00 – Aug 22, 2025, 16:00 (UTC)
📌 How to Participate
Post original content on Gate Square related to PublicAI (PUBLIC) or the ongoing Launchpool event
Content must be at least 100 words (analysis, tutorials, creative graphics, reviews, etc.)
Add hashtag: #PUBLIC Creative Contest#
Include screenshots of your Launchpool participation (e.g., staking record, reward
DOGE Price Prediction: After falling below $0.2320, can DOGE escape free fall?
Recently, DOGE has been under pressure, with the Exchange Rate against the US dollar falling below 0.2320 USD and the 100-hour simple MA, while also losing the key support level of the rising channel. Technical indicators show that if it cannot hold the key support at 0.2165 USD, DOGE may face further dip risks to 0.2050 USD or even 0.2020 USD.
DOGE falls again, losing key channel
(Source: Trading View)
After reaching a high of 0.2430 USD, DOGE quickly retraced, falling below the support range of 0.240 USD and 0.2350 USD. According to CEX data, the DOGE/USD hourly chart shows that the price has broken below the rising channel support at 0.2295 USD and has retraced below 0.2320 USD, while also being below the 100-hour simple moving average.
Currently, the bulls are trying to hold the 76.4% Fibonacci retracement level of the rise from the low of $0.2163 to the high of $0.2430, but the bearish pressure remains heavy.
Short-term Rebound Conditions and Resistance Range
If DOGE rebounds, the first resistance level is at 0.2295 USD, followed by 0.2320 USD. If it can effectively break through 0.2320 USD, the price is expected to challenge the 0.2420 USD resistance level and further impact the 0.250 USD round number.
If the bullish momentum continues to strengthen, the next potential target will be 0.2650 USD, and it may even test the high of 0.2780 USD.
Downside Risk: Critical Point of Free Fall
If DOGE fails to break through the resistance at 0.2320 USD, the price may continue to fall. The initial support level is at 0.2220 USD, while the key support level is in the range of 0.2165 USD to 0.2150 USD.
Once it falls below 0.2150 USD, the market may enter an accelerated falling phase, with a short-term target possibly dipping to 0.2050 USD, or even 0.2020 USD, forming a "free fall" type of pullback.
Technical Indicator Signal
MACD (Hourly): The MACD for DOGE/USD is in the bearish zone, with short selling momentum increasing.
RSI (Hourly): The Relative Strength Index is below 50, indicating that selling pressure is dominant.
Main support levels: 0.2165 USD, 0.2150 USD.
Main resistance levels: 0.2320 USD, 0.2420 USD.
Conclusion
DOGE is currently at a critical technical moment, with the support level at 0.2165 USD determining whether it can avoid further falls. If the rebound momentum is insufficient, DOGE may face the risk of dipping to 0.2050 USD; conversely, if it can break through 0.2320 USD and hold steady, it is expected to return above 0.250 USD in the short term. Investors should closely monitor changes in the support and resistance ranges and cautiously set stop-losses to cope with potential volatility.