Dogecoin Price Prediction: DOGE Falls to $0.17 After 7% Drop as Traders Watch $0.1836 Level

Dogecoin (DOGE) is under pressure, down 7% in the last 24 hours to around $0.1743. After dropping from a local high of $0.2059

Written by: Arslan Butt • Friday, June 13, 2025 • 2 min read

• Last updated: Friday, June 13, 2025

Quick overview

Dogecoin (DOGE) has dropped 7% in the last 24 hours, currently trading at around $0.1743.
The cryptocurrency is facing resistance at multiple levels, with key technical indicators suggesting a bearish short-term outlook.
Despite recent price declines, Dogecoin is expanding its real-world use cases, including acceptance for high-end car purchases by McQueen Garage.
The growing utility and adoption of DOGE may provide potential for future recovery, but it needs to break above key resistance levels.

Dogecoin (DOGE) is under pressure, down 7% in the last 24 hours to around $0.1743. After dropping from a local high of $0.2059 earlier this week, DOGE is struggling to bounce back. This is one of the biggest 2 day drops since May, due to broader market weakness and loss of momentum.

Volume has also dropped 17% to $1.28 billion, as traders are cautious. Despite a strong start to June, DOGE is facing resistance at multiple levels. The 50 EMA is at $0.1859, while Fibonacci retracement resistance is at $0.1784 (23.6%) and $0.1836 (38.2%). Without a clear break above these levels, DOGE may not be able to gain upside.

DOGE is below 50 EMA, bearish short term
MACD is negative, but histogram is flattening, showing weakening sell pressure
Immediate support: $0.1699, then $0.1656 and $0.1613

Technical Levels Define Short Term Outlook

Dogecoin’s technicals suggest a narrow window for a bounce. Price action is stuck between downward sloping resistance and a trendline that started in early June.

MACD is printing red bars below zero, but momentum is slowing down. A break above $0.1784 would be the first sign of a bounce, then $0.1836 and $0.1880. Below $0.1699 would be a lower low and potentially extend the drop to $0.1656.

Key Technical Levels:

Resistance: $0.1784, $0.1836, $0.1880
Support: $0.1699, $0.1656, $0.1613

DOGE is vulnerable unless buyers can get above 50 EMA and key retracement levels. Watch for confirmation through volume and MACD crossover.

Doge Price Chart - Source: Tradingview — Doge Price Chart – Source: Tradingview

Real World Adoption Adds Long Term Value

Despite short term technical weakness, Dogecoin is expanding its real world use cases. McQ Markets’ luxury division, McQueen Garage, just announced they will start accepting DOGE for high end car purchases.This also includes tokenizing collectible vehicles, so investors can get exposure to rare cars through blockchain. This is Dogecoin being more than just a meme – it’s positioning for mainstream adoption.

McQueen Garage will accept DOGE for high end cars
Part of MCQ’s broader push to digitize alternative assets
Expands DOGE’s presence in the real world

DOGE needs to get back to key levels. But with growing utility and adoption, it’s worth watching.

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ABOUT THE AUTHOR See More

Arslan Butt

Lead Markets Analyst – Multi-Asset (FX, Commodities, Crypto)

Arslan Butt serves as the Lead Commodities and Indices Analyst, bringing a wealth of expertise to the field. With an MBA in Behavioral Finance and active progress towards a Ph.D., Arslan possesses a deep understanding of market dynamics. His professional journey includes a significant role as a senior analyst at a leading brokerage firm, complementing his extensive experience as a market analyst and day trader. Adept in educating others, Arslan has a commendable track record as an instructor and public speaker. His incisive analyses, particularly within the realms of cryptocurrency and forex markets, are showcased across esteemed financial publications such as ForexCrunch, InsideBitcoins, and EconomyWatch, solidifying his reputation in the financial community.