The Dogecoin DOGE/USDT chart created on July 30, 2025, shows a descending triangle pattern. A descending triangle pattern is a bearish chart formation where the price creates lower highs while repeatedly testing a horizontal support level.
Currently, Dogecoin trades at $0.22114 while the pattern’s support level sits near $0.221. If this pattern confirms with a breakdown below support, the price may decline by 18 percent toward $0.18137. The Relative Strength Index (RSI) stands at 36.67, indicating weak momentum and nearing oversold conditions.
Trading volume remains steady but lacks bullish strength. The 50-hour Exponential Moving Average (EMA) is above the current price, reinforcing downward pressure. As sellers continue to dominate, the descending triangle points to a bearish continuation, aligning with the projected drop toward $0.18137.
Dogecoin MACD Shows Weak Recovery Amid Bearish Pressure
The Dogecoin (DOGE) Moving Average Convergence Divergence (MACD) chart, created on July 30, 2025, signals limited recovery after sustained bearish momentum. The MACD line, currently at -0.00140, trades just below the signal line at -0.00164, showing a narrow gap and a potential crossover. A positive crossover would indicate weakening selling pressure, but it remains unconfirmed.
The histogram recently shifted slightly into positive territory at 0.00024 after several sessions in the negative zone. This transition reflects short-term attempts by buyers to regain control. However, the low amplitude of the bars shows a lack of strong momentum. In previous sessions, sharp negative histogram readings aligned with intensified selling activity, coinciding with price declines.
Despite this mild rebound, broader signals remain cautious. The MACD is still near the zero line, suggesting that momentum has not fully shifted toward a sustained bullish trend. Without a decisive upward move and stronger green histogram bars, the current conditions lean toward neutrality. This aligns with earlier bearish chart patterns, such as the descending triangle, indicating that any recovery faces resistance unless buying strength significantly improves.
Asset Price Shows Mid-July Peak Followed by Correction
The price chart DOGE/INR from CoinGecko shows the asset rising sharply from late June to mid-July, reaching a peak near ₹24. After this peak, the price corrected downward, stabilizing around ₹19 to ₹20.
The chart highlights an initial steady increase from early July, followed by a strong rally that resulted in the mid-July high. This rally was likely driven by increased buying interest or positive market sentiment. However, after the peak, selling pressure led to a retracement, creating a series of lower highs toward the end of July.
Despite the correction, the price remains above early July levels, suggesting retained upward momentum over the month. The pattern shows that while demand boosted the mid-month surge, the recent pullback reflects short-term profit-taking or weaker buying support. This stabilization phase indicates that the market is consolidating after its earlier rally.
