Dogecoin Price Plummets

Dogecoin Price Plummets

#DOGE #Price #Analysis #Dogecoin #Finds #Support #TariffLed #Selloff #OrxCash

Dogecoin Price Plummets: A Closer Look at the Recent Volatility

The Dogecoin price has experienced a significant drop, with a 7% swing in its value amid renewed macro jitters and large whale liquidations totaling over $74 million. According to some sources, Dogecoin (DOGE) traded between $0.176 and $0.189 through Oct 17, 06:00 – Oct 18, 05:00, a 6.7% range. Trading volumes topped 1.4B during the 07:00–08:00 UTC selloff, setting strong support near $0.18.

Key Takeaways

  • DOGE price dropped to $0.176 before recovering into a tight $0.18–$0.19 range
  • Trading volumes topped 1.4B during the selloff
  • Large holders reportedly offloaded 360M DOGE ($74M) as broader crypto markets dropped 6% on tariff headlines
  • Price rebounded steadily to close around $0.186, forming higher lows across afternoon sessions

News Background and Technical Analysis

The morning dip tracked cross-market weakness following the Trump administration’s 100% tariff declaration on Chinese imports — a move that sent risk assets lower across Asia. Dogecoin (DOGE) faced early liquidation pressure but found stability as whales and market makers absorbed supply near $0.18. Analysts noted heavy concentration of bids around that level, suggesting accumulation rather than capitulation. Meanwhile, derivative funding rates normalized after a brief spike in short positioning, indicating sentiment is stabilizing. The blockchain and cryptocurrency market as a whole has been experiencing a high level of volatility.

Price Action Summary and Future Outlook

  • Sharp decline from $0.188 → $0.176 at 07:00 UTC on >1.4B volume — the day’s capitulation move
  • Recovery through mid-session saw Dogecoin (DOGE) reclaim $0.184–$0.187, consolidating for remainder of the day
  • Final hour (04:22–05:21 UTC): test of $0.1853 low met with 10.5M volume spike, followed by steady bounce to $0.1862
  • Resistance persisted at $0.188–$0.189 zone with multiple failed breakout attempts

The recent volatility in the Dogecoin (DOGE) price has significant implications for retail investors. As the cryptocurrency market continues to experience high levels of volatility, investors must be cautious and adapt their strategies accordingly. The news about Dogecoin (DOGE) price plummeting may be a sign of a larger trend in the cryptocurrency market, and investors should be prepared for potential fluctuations in the value of other cryptocurrencies, such as Bitcoin (BTC) and Ethereum (ETH). As the market continues to evolve, it is essential for investors to stay informed and up-to-date on the latest developments and trends.

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