Dogecoin (DOGE) Price Stalls Below $0.25 Amid Profit-Taking and Bitcoin Volatility, but RSI Crossover

Dogecoin price entered a 5.7% pullback on Sunday, May 11, after a three-day streak of double-digit gains.

The correction is part of broader market consolidation as investors take realized some profits and digest macroeconomic cues. DOGE price had led the week’s rally, but sentiment cooled below $0.25 amid dampening risk appetite.

Former President Donald Trump’s confirmation of successful trade talks with China helped push Bitcoin price above $104,000. However, geo-political unrest, especially from India-Pakistan military tensions escalating in the last 48 hours, has dampened the memecoin momentum. This triggered profit-taking across assets seen as volatile and responsive to market panic signals.

Market data from CoinGecko further shows that as of Monday, May 11, at 07:07 ET, DOGE is trading at $0.2341, down 5.8%, matching Bitcoin’s -5.8% correction in BTC/DOGE (0.052240 BTC).

The 24-hour trading volume for DOGE also decreased from $4.5 billion to $3.5 billion, indicating active capital rotation out of speculative assets. Investors seem to be adopting a cautious stance, awaiting signals from institutional BTC flows before reallocating capital toward riskier altcoins.

Dogecoin Derivatives: $20M Liquidated, IV Remains High

The recent correction in DOGE is supported by a decisive shift in derivatives sentiment. Total DOGE open interest dropped 7.29% to $2.80 billion, while daily trading volume contracted by 19.55% to $7.74 billion.

Options volume cratered 21.72% even as options open interest jumped 49.49%, suggesting a build-up of directional bets despite lower intraday activity.

Liquidation data shows $20.15 million in total DOGE long positions were wiped out over the past 24 hours, with 75% of the liquidated positions being longs. This hints at over-leveraged bullish bets being flushed out as the price dipped below the $0.25.

Long/short ratios provide a mixed view. Although account-based long/short ratios on Binance and OKX stand at 2.83 and 2.82 respectively, the top trader long/short position ratio on both exchanges exceeds 5.00. This suggests a higher level of conviction from the high-volume trading desks.

What’s Next for Dogecoin Price This Week?

Dogecoin’s bullish structure remains intact as long as $0.225 holds as support. The recent 5-day RSI crossover confirms bullish medium-term momentum, with $0.30 remaining a valid target if Bitcoin stabilizes above $104K.

Strategic traders will now keep an eye on Bitcoin ETF flows and U.S. macro data this week. If institutional appetite persists, sparking fresh bids, meme coins like DOGE could resume their upward journey.

However, the risk is skewed to the downside if Bitcoin fails to hold above $100K. A drop below $0.225 may trigger another round of liquidations, invalidating the bullish thesis.

Dogecoin Price Forecast: RSI Crossover Holds 5-day Momentum, Confirming $0.30 Target

Dogecoin price appears to be stabilizing above the $0.23 mark, with renewed momentum emerging after a brief rejection at the $0.25 resistance.

The 5-day Relative Strength Index (RSI) crossover remains intact at 70.85, signaling sustained bullish momentum despite the recent 5.7% dip in DOGE price.

A clear higher low (HL) structure was printed earlier in the rally, which is now followed by a new local higher high (LH), reinforcing a developing bullish sequence.

This positive price pattern, combined with the sustained support above the lower band of the SuperTrend at $0.191, suggests that the broader upward structure remains valid and is likely to continue if the current consolidation resolves to the upside.

The RSI crossover occurred on May 7, when the purple RSI line (shorter-term momentum) decisively crossed above the yellow signal line (longer-term average).

This bullish crossover signals a shift in market momentum from neutral or bearish to a renewed uptrend. Since that inflection point, the purple RSI has remained above the yellow line, confirming sustained bullish strength over the past five days.

If this momentum persists through this week, particularly alongside a recovery in BTC price above $104K to sustain the move, then DOGE could be seen reclaiming bullish velocity and aiming for that upper level.

A key confirmation would be a daily candle close above $0.25, the recent rejection level, supported by renewed positive volume