Support for Dogecoin holds at $0.21 as trading volume lessens close to the Ichimoku Cloud, potentially signaling a period of stability or a rebound in selling pressure.

In the cryptocurrency world, the future of Dogecoin is currently a topic of much discussion. The digital currency's latest price movements have reached key decision points that could shape its next trend.

The current focus is on the $0.21 support level. The question remains whether Dogecoin can defend this level or face deeper losses in the coming weeks. A sustained failure to hold above this level could accelerate losses toward $0.19, aligning with support zones marked earlier this year.

The Dogecoin weekly chart, as of September 2, 2025, shows the asset consolidating between $0.19 and $0.23. This consolidation has raised concerns among some participants that the broader crypto bull run could be ending, while others consider it a normal consolidation phase.

The Ichimoku cloud shows resistance overhead, with prices consolidating near the lower boundary of the formation. Exhausting volume often precedes significant moves, either confirming a breakdown or reinforcing stability. The current weekly closes are being closely watched by traders due to the weakened trading volume and the resistance offered by the Ichimoku cloud.

Traders often interpret exhausting volume as a warning that strength is fading in Dogecoin. If Dogecoin's price falls below the current support of $0.21, technical analysis suggests potential further support zones around $0.205–$0.207 and near $0.20, with a recommended stop-loss just below $0.20 to manage risk. A break below $0.21 could lead to increased volatility, but the key support zone remains near $0.20 based on recent analyses and trading patterns.

Dogecoin has tested support near the Ichimoku Kijun line, which is marked in red on the chart. Holding above this level is crucial for maintaining a bullish structure, as the Kijun line often signals medium-term balance. Without increased participation, upward moves in Dogecoin remain vulnerable.

If Dogecoin holds above the Kijun level, buyers may attempt a rebound toward $0.26. However, without a significant increase in trading volume, these upward moves could be short-lived. Traders remain watchful for signs of a shift in market structure, particularly as volume exhaustion adds uncertainty to Dogecoin's medium-term outlook.

The chart update has drawn attention on social media, gaining more than 12,500 views and sparking debate among traders. The question of whether Dogecoin can defend the $0.21 support or face deeper losses remains unanswered, making the cryptocurrency an exciting asset to watch in the coming weeks.