On June 1, 2025, Dogecoin to United States Dollar (DOGE/USD) formed a bearish flag pattern on the 4-hour chart.
A bullish flag pattern usually forms after a sharp price rally, then consolidates in a parallel downward or upward-sloping channel before continuing in the same direction. However, in this case, the pattern appeared after a steep drop, marking it as a bearish flag — a common continuation signal in a downtrend.
The current DOGE/USD price is $0.19544. If the bearish flag confirms with a breakdown below the lower red trendline, the price could fall 22 percent. That move would send the price toward the target area around $0.15265, as marked by the blue dotted line.
The confirmation depends on a close below the pattern support, followed by increasing volume. The 50-period Exponential Moving Average (EMA), now at $0.20266, acts as dynamic resistance. Price remains below this EMA, showing that downward pressure still dominates.
Volume has not shown strong accumulation during the flag formation. The declining highs and flat bottoms suggest weakening bullish attempts. If price breaks below support and volume spikes, the bearish continuation could accelerate toward the projected target.
In short, DOGE/USD may drop to $0.15265 if the bearish flag confirms, continuing the trend that started in late May.
DOGE/USD Directional Movement Index Shows Weakening Trend Strength
On June 4, 2025, the Directional Movement Index (DMI) for Dogecoin to United States Dollar (DOGE/USD) signaled weakening trend momentum on the daily timeframe.
The Directional Movement Index includes three lines:
+DI (Positive Directional Indicator) – orange line
–DI (Negative Directional Indicator) – blue line
ADX (Average Directional Index) – red line
The +DI (19.84) sits above the –DI (15.12), which usually signals slight bullish bias. However, the ADX (26.07), which measures trend strength, is sloping downward. This drop suggests the current trend — either bullish or bearish — is losing strength.
Earlier, the ADX spiked above 40 when DOGE/USD saw strong movement, but now it declines while the +DI and –DI are close to each other. That means no clear dominance by bulls or bears.
If +DI crosses below –DI while ADX stays weak or falls further, it would confirm fading bullish control. Meanwhile, if –DI rises and ADX turns upward again, it would support renewed bearish momentum.
Right now, DOGE/USD shows indecision and reduced strength in both directions. Without a sharp rise in ADX, no strong trend can develop.
DOGE/USD RSI Signals Recovery From Oversold Zone
On June 4, 2025, the Relative Strength Index (RSI) for Dogecoin to United States Dollar (DOGE/USD) showed signs of early bullish momentum recovery.
The RSI (14) is currently at 48.32, while its moving average signal line is at 44.26. The RSI line has crossed above the signal line, which often suggests short-term upward momentum.
The RSI previously dipped near 30, which is the traditional oversold threshold. That area marked a local bottom, followed by a bounce. Now the indicator moves toward the neutral 50 level but still stays below it, showing that bulls have not taken control yet.
If RSI crosses above 50 and keeps rising with price support, it may confirm growing buyer interest. However, if RSI fails to break 50 and rolls over, the bounce may fade.
At this stage, the RSI shows a weak recovery, not strong bullish confirmation. The price must follow through with volume for trend continuation.
DOGE/USD MACD Shows Fresh Bullish Crossover Above Zero Line
The Moving Average Convergence Divergence (MACD) for Dogecoin to United States Dollar (DOGE/USD) confirmed a bullish signal on the daily timeframe.
The MACD consists of three elements:
MACD line (blue)
Signal line (orange)
Histogram (bars)
As of now, the MACD line stands at -0.00158, and the signal line at -0.00278. The MACD line has crossed above the signal line. This bullish crossover happened after a prolonged downtrend, and it shows a possible momentum reversal.
The histogram bars have turned green and are increasing steadily, reflecting rising bullish momentum. Additionally, the MACD and signal lines are approaching the zero line. If they cross above it, it would confirm a full bullish transition.
The last similar crossover occurred on May 20, followed by a brief rally. However, that rally faded as MACD failed to hold above the zero line.
If current momentum continues and the MACD crosses into positive territory, price may follow with further upside. Otherwise, a failure to break above the zero line would signal weakness.
DOGE/USD Stalls Below EMA as Bollinger Bands Squeeze Tightens
Meanwhile, the Dogecoin to United States Dollar (DOGE/USD) 4-hour chart showed narrowing Bollinger Bands, signaling reduced volatility and an upcoming breakout.
Source: TradingView.com
The Bollinger Bands indicator, based on a 20-period Simple Moving Average (SMA), now shows the following levels:
Meanwhile, the 50-period Exponential Moving Average (EMA) stands at 0.20238, acting as dynamic resistance.
DOGE/USD currently trades at 0.19536, sitting just below the upper Bollinger Band and far below the 50-period EMA. The price remains squeezed between the upper band and the midline, showing limited range and indecision.
Volume has dropped to 2.25 million, reflecting a lack of strong momentum. This volume contraction combined with narrowing Bollinger Bands typically signals a pending sharp move.
To break higher, DOGE must close above the upper band and the 50-period EMA with increasing volume. If price rejects from this level, it may retest the middle band or even slide toward the lower band near 0.188.
The setup shows a consolidation phase. Traders will likely watch for confirmation in either direction as the bands tighten further.