Dogecoin collapsed 50% late on Friday in a rare flash crash, which saw the price burst from $ 0.22 to $ 0.11 within minutes before rebuilding to $ 0.19- $ 0.20 zone.
What to know
• DOGE dropped from $ 0.22 to $ 0.11 at
• The total intraday area = $ 0.14 (≈57% volatility), with 4.6 billion tokens traded against 1.5 billion daily average.
• The Trump administration’s 100% Customs Notification on Chinese Import triggered wider crypto-risk-off.
• Trade in late session showed that whales were revoked; Exchange outflow peaked $ 23 million and $ 2 billion was added to the company’s wallets.
• 21Shares launched its Institutional Doge ETF (TDOG), which offers the first regulated exposure to the asset.
News Background
The move came hours after President Trump’s customs trapping triggered a cross -cutting market sale that hit both shares and digital assets. DOGE traded cards as low as $ 0.11 on BitFinex before stabilizing over $ 0.19 when liquidity tables intervened. Market taxes tied the collapse to exploit liquidations and automated ARB errors in across the VTA rather than basic deterioration. Institutional demand emerged around $ 0.19, helped by ETF streams and whale messaging reconstruction of long exposure.
Summary of Price Action
• Flash accident at
• Restore to $ 0.19- $ 0.20 within hours of whales absorbed supply.
• Follow -up sale seen at. 11:18 UTC 11 October ($ 0.1935 → $ 0.1916, -4%), Volume 32 million.
• Session area of $ 0.14 (57%) Notices the year with high volatility for DOGE.
• Consolidation of the last hour near $ 0.193 signals cooling but no trend turning yet.
Technical analysis
• Support – formed at $ 0.19- $ 0.20 as institutional currents absorbed panic sales.
• Resistance-momentary barrier at $ 0.22 pre-crash high; Above is the next target $ 0.25 and $ 0.30.
• Volume peak 4.6 billion against 30-day average of 2.0 billion; Revenue in capitulation quality.
• Pattern double bottom near $ 0.19 can mark accumulation zone.
• Momentum-over-SOLD RSI and expansion of Bollinger tape suggests short-term average returning.
Which dealers are looking at
• Will $ 0.19 hold as a reliable support floor or invite another waving of liquidation?
• Can ETF streams and institutional accumulation be offset wider macro -risk?
• Whales adding ≈2 billion DOGE – Signal of value purchase or exit of liquidity trap?
• Volatility regimens after sparse shock-do DOPE return to 0.25-0.30 range or fall below 0.20?
• Confirmation of the triangle’s reconstruction over $ 0.22 would invalid Bearish structure.
