DOGE Retreats to $0.20 Amid Market Liquidation, Early Support Emerging
Dogecoin (DOGE) dropped 5% from $0.21 to $0.20 as broader crypto markets reacted to renewed U.S.–China tariff tensions. President Trump’s proposed 100% tariff plan erased around $19 billion in crypto market value, triggering forced liquidations across major digital assets.
Despite the pullback, institutional desks report accumulation interest near $0.20, as derivatives open interest resets to mid-September levels. The House of Doge’s $50M Nasdaq debut through Brag House Holdings continues to support the long-term institutional narrative, although short-term flows remain cautious.
Price Action Overview
- DOGE traded in a $0.0117 range (6%) between $0.21 and $0.20 from Oct. 14, 21:00 to Oct. 15, 20:00.
- Morning rally volume surged to 568.6M before sellers regained control at $0.21.
- Heaviest liquidation occurred between 13:00–15:00, with 920M turnover as price broke below $0.21.
- A capitulation candle at 19:50 pushed DOGE to $0.20 lows on 12M volume, signaling likely exhaustion.
- DOGE stabilized near $0.20 into the close, with reduced volume hinting at early signs of renewed demand.
Technical Analysis
- Support: $0.20–$0.202, reinforced by high-volume accumulation at recent lows.
- Resistance: $0.21–$0.214, capped by morning reversal volume.
- DOGE remains below the 200-day moving average, reflecting short-term fragility, but stable bids and compressed volume at $0.20 suggest potential base-building.
- A clean reclaim of $0.21 could trigger momentum-driven longs targeting $0.224–$0.228.
- Momentum indicators remain oversold, and derivative funding has turned sharply negative on Binance and OKX—conditions often preceding short-covering rallies.
Key Levels and Watchpoints
- $0.20 support — whether bids can absorb post-liquidation supply during Asian trading.
- Volume follow-through on a $0.21 reclaim to confirm a potential reversal.
- Institutional flows linked to House of Doge’s Nasdaq instruments.
- Broader market sentiment influenced by U.S.–China trade developments.
