Should You Buy Dogecoin Now?

Dogecoin (DOGE) has once again captured attention as it dances just under $0.17. After weeks of muted price action and fading hype, the meme coin seems to be consolidating. But is this the calm before the storm—or just a slow bleed downward? A closer look at the daily and hourly charts reveals clues hidden in the moving averages, Heikin Ashi candles, and the ADL (Accumulation/Distribution Line). Traders need to pay attention—Dogecoin price is coiling for a big move.

Dogecoin Price Prediction: What Is the Bigger Picture on the Daily Chart?

DOGE/USD Daily Chart- TradingView

On the daily timeframe, Dogecoin remains locked in a strong downtrend, with no signs yet of a confirmed bottom. The Heikin Ashi candles are mostly flat and slightly bearish, showing a lack of decisive upward momentum. Price continues to hover well below all key SMAs—20, 50, 100, and 200. The 50 SMA is at $0.194, and the 200 SMA at $0.256, creating a heavy resistance ceiling.

What’s concerning is that the price is finding it hard to even test the 20 SMA (currently at $0.173), a critical short-term trendline. This suggests that Dogecoin price is lacking bullish conviction. Every time the price gets close, sellers return with volume.

Looking at the ADL, the downward slope continues, showing clear distribution. That means traders are using minor rallies to exit rather than accumulate. This is bearish, and unless the ADL starts to flatten or turn up, there’s no sign of strong accumulation at this level.

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Does the Hourly Chart Offer Any Hope for Bulls?

DOGE/USD 1 Hr Chart- TradingView

Switching to the 1-hour chart, we get a more detailed view of short-term behavior. After a dip to around $0.16, DOGE bounced back slightly, even touching the 200 SMA at $0.1685, but failed to break through. The 20, 50, and 100 SMAs are extremely tight and flattening, forming a mini squeeze pattern, often a precursor to a sharp breakout—or breakdown.

The Heikin Ashi candles have lost momentum, forming indecisive structures near the 50 and 100 SMA bands. This signals market hesitation, with neither buyers nor sellers fully in control at the moment.

The ADL on the hourly chart has been flat to declining, confirming there's no strong bullish accumulation despite the recent bounce. This reinforces the idea that the current rally attempt lacks conviction and might fade unless new buyers enter soon.

Where Are DOGE’s Key Support and Resistance Zones?

On the downside, support sits near $0.162–$0.160, a region tested multiple times over the past few days. If DOGE breaks below this level, it could quickly fall toward $0.150, or even $0.140 in a panic selloff scenario.

For bulls, resistance is stacked at $0.173 (20-day SMA) and then $0.194 (50-day SMA). A breakout above both with strong volume could shift the short-term trend bullish and open up a move toward $0.21.

However, reclaiming the 200-day SMA at $0.256 would be necessary to reverse the overall bearish macro trend—and there’s little sign of that just yet.

What Do the Indicators Say?

• Moving Averages: Both charts show DOGE price trading below all significant SMAs, confirming trend weakness. Shorter MAs on the hourly chart are flattening, which suggests a potential squeeze but not a trend reversal yet.
• Heikin Ashi Candles: These are mixed to bearish. On the daily, the candles are small-bodied with lower wicks—classic signs of consolidation, not bullish reversal. On the hourly, a short-term rally ran into resistance with a quick rejection near the 200 SMA.
• ADL (Accumulation/Distribution Line): On both timeframes, the ADL is trending lower or flat. This is a critical red flag—there is no smart money accumulation. Retail may be buying the dip, but institutions are not stepping in.

What’s the Dogecoin Price Prediction for April 2025?

Short-term (Next 48 hours): Expect sideways movement unless the price breaks either above $0.173 or below $0.160. A tight squeeze pattern could resolve sharply in either direction, so volatility is likely.

Mid-term (Next 1–2 weeks): If bulls reclaim $0.194 and hold, DOGE price could retest $0.21–$0.22. But if $0.160 breaks, bears may push it down to $0.145–$0.150, especially if Bitcoin weakens.

Long-term (April 2025 Outlook): Unless Dogecoin price breaks above $0.25 and confirms a macro higher high, it remains in a bear market structure. Any major rallies without accumulation will likely be sold into.

Final Thoughts: Buy, Sell, or Wait?

Dogecoin price is in wait-and-watch territory. For aggressive scalpers, the hourly squeeze may offer quick plays. But for swing or long-term traders, the broader trend remains bearish. Until we see rising volume, bullish ADL, and daily close above the 50-day SMA, DOGE remains vulnerable to another leg down.

But as history shows, when DOGE price breaks out—it does so explosively. So stay sharp.