Dogecoin (DOGE) is moving sideways after the fluctuations at the end of August: What will happen next?

The price of Dogecoin (DOGE) experienced strong fluctuations in the last week of August 2025. This Token has risen above the $0.24 mark this week before falling back around $0.214 at the time of writing. Analysts indicate that the recent correction follows a familiar pattern: rapid increase followed by a consolidation phase.

Dogecoin price fluctuates in the short term

During the week, DOGE fell by about 8%. This coin surged in the middle of the week but the upward momentum did not last. By the end of the week, the price consolidated around the $0.21 mark after peaking near $0.24.

According to observers, this series of fluctuations reflects the typical behavior of the market, where tokens often experience spikes followed by rapid declines. Analysts suggest that the current structure of Dogecoin indicates a neutral state in the short term.

Independent analyst Trader Tardigrade believes that the recent stability of this memecoin could pave the way for greater volatility. He notes that previous consolidation phases of Dogecoin often ended with sharp price swings.

Price prediction for DOGE | Source: Trader Tardigrade## Price DOGE forms a technical triangle pattern

The technical chart shows the emergence of a symmetrical triangle on the weekly timeframe. A symmetrical triangle is a pattern where price movements gradually narrow into a triangle, often signaling a consolidation phase before a breakout.

If DOGE breaks upwards, analysts predict it will encounter resistance near $0.47. The Fibonacci tool calculated from the bottom area near $0.23 indicates potential targets that could exceed $1.3.

Fibonacci tools measure the extent of previous fluctuations based on mathematical ratios. Notably, analysts also consider the risk of a fall. If the model breaks downward, the next support area is around 0.09 dollars.

Nevertheless, most chart analysts believe that the price approaching the peak of the triangle supports the likelihood of a decisive breakout occurring soon. They assess that the bullish breakout scenario has a higher probability.

Historical growth phases reinforce momentum

The price history of DOGE has recorded strong increases in 2017 and 2021. In 2017, the price of DOGE increased by more than 9,000%. By 2021, this coin went even further with an increase of approximately 26,000%.

Both previous growth phases ended with strong corrective moves, leading to prolonged consolidation phases.

These cycles show that DOGE often fluctuates according to extreme spikes, linked to market sentiment and overall trends. After each surge, the market enters a long consolidation phase. According to analysts, the current scenario has some similarities.

Momentum oscillators provide additional insights. This is a tool for tracking changes in momentum compared to price movements. Current signals indicate a weaker strength compared to previous peaks. However, the divergence between price and momentum resembles the early stages of previous growth phases.

Analysts mark the chart with blue rectangles, indicating consolidation phases before transitioning into strong acceleration phases. The current structure, while less aggressive, is still similar to those historical phases. At the time of writing, the oscillators indicate that strength is somewhat weakening but has not yet fallen into a negative state.

The historical trends of DOGE price | Source: Trader Tardigrade## Analysts forecast the decisive phase ahead

According to analysts, the price of DOGE is currently close to an important technical crossover point. The symmetrical triangle pattern indicates that volatility could increase significantly when the pattern is broken.

Fibonacci projections outline the profit potential if the momentum shifts in an upward direction, while previous support zones indicate a possibility of slowing down the price decline.

The history of strong growth and correction phases sets the context for the current phase. Although indicators show that momentum is weakening, structural patterns still suggest the possibility of another major volatility.

Market observers predict that the next breakout of DOGE will determine the trend for the remainder of 2025.

Đình Đình