Dogecoin stabilized on Friday after early volatility saw the price drop to $0.176 before returning to a tight $0.18-$0.19 range. The session’s 7% swing came amid renewed macro turmoil and reports of large whale liquidations totaling more than $74 million.
What to know
• DOGE traded between $0.176 and $0.189 through Oct. 17. at 06.00 – 18 Oct. 05:00, a range of 6.7%.
• Trading volume topped DKK 1.4 billion. during the 07:00-08:00 UTC sell-off, putting strong support near $0.18.
• Large holders allegedly relieved DKK 360 million. DOGE ($74M) as broader crypto markets fell 6% on tariff headlines.
• The price rose steadily to close around $0.186, forming higher lows across the afternoon sessions.
• Futures positioning remained mixed as traders weighed the Fed’s policy signals against inflation risks.
News background
The morning dip tracked weakness across markets following the Trump administration’s 100% tariff declaration on Chinese imports – a move that sent risk assets lower across Asia. DOGE faced early liquidation pressure but found stability as whales and market makers absorbed supplies 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 positions, indicating that sentiment is stabilizing.
Summary of price action
• Sharp decline from $0.188 → $0.176 at 07:00 UTC on >1.4B volume — today’s capitulation move.
• Mid-session recovery saw DOGE recover $0.184-$0.187, consolidating for the rest of the day.
• Last hour (04:22–05:21 UTC): test of $0.1853 low met with 10.5m. volume peak, followed by steady pullback to $0.1862.
• Resistance persisted at $0.188-$0.189 zone with several failed breakout attempts.
• A tight late session range ($0.1860–0.1862$) and falling volume signal positioning break ahead of catalysts.
Technical Analysis
• Support – $0.175-$0.180 remains critical accumulation zone; buyers defended lows with high conviction.
• Resistance – $0.188-$0.190 marks upper consolidation band; breakout could target $0.20+.
• Volume – Maximum activity at 1.4B; volume compression late session supports equilibrium formation.
• Pattern – Narrow band consolidation after morning flush indicates volatility coil.
• Momentum – RSI neutral near 49; MACD flattening — neither trend dominant yet.
What Traders See
• Confirmation of $0.18 as short-term base ahead of weekend sessions.
• Renewed whale currents — whether accumulation continues after disposal of $74 million.
• Potential rotation to meme assets amid ETF optimism next week.
• Fed comments on tariffs and liquidity impact on speculative flows.
• Break above $0.19 as trigger for retest of $0.20-$0.21 zone.
