Dogecoin Price Prediction for August 2025 by Perplexity AI

Despite this short-term recovery, the meme-inspired cryptocurrency remains down 7.83% over the past week, reflecting the broader cooling across the altcoin market. Market capitalization currently stands at $31.46 billion, with trading volume over the last day reaching $1.73 billion, suggesting renewed trader interest.

On the technical front, the two-hour chart shows DOGE stabilizing after a sharp decline from July highs near $0.30. The Relative Strength Index (RSI) sits just below overbought territory at 63.99, signaling that buyers have regained momentum, but the market could face resistance ahead. Price action suggests $0.22 as the first significant barrier, followed by $0.25 if bullish sentiment accelerates.

Near-Term Outlook

Perplexity AI’s August projection suggests DOGE could range between $0.18 and $0.25, depending on broader crypto sentiment and Bitcoin’s performance. A push above $0.25 could open the door toward the $0.28–$0.30 range, but failure to hold above $0.20 risks a retest of $0.18 or lower.

Key Drivers in August

Several factors could shape DOGE’s path this month:

• Bitcoin’s Market Direction – Any significant BTC rally could lift meme coins alongside the rest of the market.
• Retail Sentiment – Dogecoin’s price often responds strongly to retail hype, especially via social media.
• Elon Musk’s Influence – Even a single DOGE-related post from Musk can trigger volatility.
• Broader Altcoin Trends – DOGE may track large-cap altcoin movements if the market enters another “risk-on” phase.

While Dogecoin’s long-term fundamentals remain tied to its community and adoption in microtransactions, August’s performance will likely hinge on short-term trading dynamics.

Bullish Scenario

If DOGE sustains momentum above $0.22 with strong volume, it could aim for $0.25 and potentially $0.28 before month-end. Breaking past $0.30 would require a major sentiment shift and likely a broader crypto market rally.

Bearish Scenario

Failure to maintain $0.20 support could drag prices toward $0.18, where buyers have previously defended. A break below $0.18 might signal a deeper correction toward $0.15.

Disclaimer: The information provided in this article is for informational purposes only and does not constitute financial, investment, or trading advice. Always conduct your own research and consult with a licensed financial advisor before making any investment decisions.