On June 15, 2025, the DOGE/USD daily chart on Capital.com revealed a bearish breakdown from an ascending channel pattern.
An ascending channel pattern forms when price moves between upward-sloping support and resistance lines, signaling higher highs and higher lows—but it often breaks bearish when bulls lose control.
In this case, Dogecoin traded at $0.1741, already 1% below the ascending channel’s lower boundary, suggesting early signs of a breakdown. However, this minor drop needs stronger confirmation through continued decline and rising sell volume.
If the bearish breakdown confirms, the measured move technique projects a potential 137% drop from the current price, targeting approximately $-0.0644. While negative prices are not practical in real trading, the projection reflects the height of the previous move, emphasizing the magnitude of downside risk.
Dogecoin also trades below the 50-day Exponential Moving Average (EMA) at $0.1951, reinforcing the bearish setup. The EMA now acts as dynamic resistance, capping any potential recovery unless bulls reclaim momentum with strong volume.
In short, Dogecoin broke slightly below its ascending channel on June 15 and risks a confirmed breakdown toward $0.00, with a 137% downside projection based on the pattern. More confirmation is needed before validating this move, especially via daily close and increased selling pressure.
Dogecoin RSI Shows Bearish Momentum Below Neutral Zone
On June 15, 2025, Dogecoin’s Relative Strength Index (RSI) stood at 37.03, while its RSI-based moving average printed 40.02. The RSI, calculated over a 14-day period, tracks momentum by measuring recent price changes and oscillates between 0 and 100.
The RSI dipped below 40, entering the lower end of the neutral zone and moving closer to 30, the level traditionally viewed as oversold. This position signals increasing bearish momentum but not yet extreme selling pressure.
The RSI line (purple) crossed below its moving average (yellow), forming a bearish divergence. This structure confirms growing downside pressure, aligning with the recent breakdown from the ascending channel in the main price chart.
This RSI behavior adds weight to the idea that Dogecoin may continue lower. If the RSI falls below 30, it would signal an oversold condition, increasing the probability of a short-term rebound. However, until that point, momentum remains with the bears.
In short, on June 15, Dogecoin’s RSI reading of 37.03 showed weakening momentum and a bearish setup. The index supports the possibility of continued downside unless buyers reclaim strength above 50.
Dogecoin MACD Indicator Extends Bearish Crossover With No Reversal Signal
Meanwhile, the Moving Average Convergence Divergence (MACD) indicator for Dogecoin showed clear bearish momentum. The MACD line (blue) stood at –0.0071, while the signal line (orange) was slightly higher at –0.0060. The histogram remained in negative territory at –0.0016, extending a red bar streak that began earlier in June.
The MACD line crossed below the signal line in early June, forming a bearish crossover. This pattern typically indicates that momentum is shifting downward. Since then, both lines have continued to drift lower, confirming weakening buyer strength.
The histogram has printed consistent red bars, highlighting the growing gap between the MACD and the signal line. This divergence reflects sustained bearish momentum without signs of reversal yet.
The current MACD setup supports the broader technical breakdown seen in the price chart and RSI. It strengthens the case for continued downward movement unless DOGE sees a sharp increase in volume and price action that reverses the trend.
In short, Dogecoin’s MACD on June 15 showed a firm bearish crossover, ongoing downside momentum, and no reversal signal—reinforcing the bearish bias seen across all indicators.
Dogecoin SMI Falls Back Into Negative Zone, Momentum Fades Again
On June 15, 2025, Dogecoin’s Stochastic Momentum Index (SMI) showed signs of renewed weakness. The %K line dropped to –39.76, while the %D line followed at –28.33, both slipping back into negative territory.
Earlier in June, the %K line attempted to break above the midline (0), signaling a possible bullish reversal. However, it failed to maintain strength and has now curved sharply downward, crossing below %D again. This pattern marks a bearish crossover, confirming fading buying interest.
Both lines have now re-entered the oversold zone, reflecting renewed downward momentum. Historically, similar setups on this chart aligned with deeper price corrections, especially when %K continues diverging further from %D.
The SMI’s current direction matches the bearish signals from RSI and MACD. Together, they point toward persistent selling pressure and reduced reversal strength unless a sharp change in volume or price action occurs.
In short, on June 15, Dogecoin’s SMI dropped back into oversold territory, with a fresh bearish crossover, reinforcing continued momentum loss.
Dogecoin DMI Shows Bearish Bias as ADX Rises. Source: TradingView
Dogecoin’s Directional Movement Index (DMI) showed a growing bearish setup. The ADX (Average Directional Index), which measures trend strength, rose to 27.72—above the 25 threshold that confirms a strong trend.
The –DI (red line) stood at 19.74, while the +DI (blue line) lagged behind at 18.81. When –DI is above +DI, it indicates bearish momentum. The gap between these two lines remains narrow, but the rising ADX confirms that the current trend—bearish—is gaining strength.
The ADX curve has turned upward, confirming increasing trend strength. While both directional lines are relatively close, the bias tilts toward the downside unless +DI quickly overtakes –DI with strong volume support.
This reading aligns with signals from the RSI, MACD, and SMI, all of which show bearish setups. Together, they confirm that Dogecoin’s price is under sustained downward pressure.
In short, Dogecoin’s DMI on June 15 shows rising trend strength with a bearish tilt, supporting continuation of the recent downward move.