Technical analysis by BeInCrypto about Symbol DOGE on 8/20/2025

DOGE’s Relative Strength Index (RSI) currently sits at 47.33, struggling to stay above the neutral 50 mark. This reflects a drop in buy-side momentum, adding weight to the bearish outlook that has been developing after recent sell-offs. The RSI measures whether an asset is overbought or oversold. A reading above 70 often signals an asset is overbought and may face a correction, while levels below 30 indicate oversold conditions and the potential for a bullish reversal. At 47.33, DOGE’s RSI points to weakening bullish momentum. This suggests that buyers are losing control of the market, making it difficult to sustain upward pressure. The latest price action shows sellers pressing harder, with limited resistance from bulls.