Dogecoin Wave Analysis – 19 August 2025

Dogecoin: ⬇️ Sell

– Dogecoin reversed from resistance zone

– Likely to fall to support level 0.1925

Dogecoin cryptocurrency recently reversed down from the resistance zone located between the strong resistance level 0.2600 (which has been reversing the price from the start of May) and the upper daily Bollinger Band.

The downward reversal from this resistance zone created the daily Japanese candlesticks reversal pattern Bearish Engulfing -which started the active impulse wave 3.

Given the widespread bearish sentiment seen across the cryptocurrency markets today, Dogecoin cryptocurrency can be expected to fall to the next support level 0.1925.

Source: https://fxpro.news