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 cha… The post Dogecoin (DOGE) Price Prediction for August 17, 2025 appeared first on Coin Edition .
