Dogecoin Maintains $0.21 Foundation Amidst Volumetric Decline Approaching Ichimoku Cloud Level

In the cryptocurrency world, the coming weeks could hold significant implications for Dogecoin ($DOGE). The digital currency has been consolidating between $0.19 and $0.23, as per the latest weekly chart, dated September 2, 2025. This period of consolidation may determine whether Dogecoin retains its medium-term footing or slides into deeper retracement.

Traders are interpreting the exhausting volume as a warning that strength is fading in Dogecoin. Declining volume across recent candles indicates a lack of momentum, and trading volume for Dogecoin has weakened, suggesting reduced conviction among traders. Exhausting volume often precedes significant moves in Dogecoin, either confirming a breakdown or reinforcing stability.

The Ichimoku Kijun line, a technical indicator often used in Dogecoin analysis, plays a crucial role in this consolidation phase. Holding above the Kijun line is essential for maintaining a bullish structure for Dogecoin. If Dogecoin ($DOGE) holds above this level, buyers may attempt a rebound toward $0.26. However, a failure to sustain above the Kijun line could open the way toward previous retracement zones closer to $0.19. These levels now form key decision points for the asset's next trend.

The Ichimoku cloud displayed on the chart shows resistance overhead for Dogecoin, with prices consolidating near the lower boundary of the formation. Dogecoin has faced difficulty breaking above $0.24, reflecting repeated challenges against cloud resistance. A sustained failure for Dogecoin to maintain above the Kijun line could accelerate losses toward $0.19, aligning with support zones marked earlier this year.

The debate among traders revolves around whether the broader crypto bull run could be ending or if the consolidation phase is normal. Traders remain watchful for signs of a shift in market structure, particularly as volume exhaustion adds uncertainty. Without increased participation, upward moves in Dogecoin remain vulnerable.

The author of the Dogecoin chart analysis published in September 2025 discussing whether Dogecoin can hold the support point of 0.21 USD or move lower towards previous support areas is Bastian (Bitbull). The chart update drew attention on social media, gaining more than 12,500 views.

In conclusion, the coming weeks will be critical for Dogecoin's price action. The consolidation near the Ichimoku Kijun line and the resistance overhead in the Ichimoku cloud present interesting opportunities for traders to watch. As the market continues to evolve, it's essential for investors to stay informed and make decisions based on the latest data and analysis.