Dogecoin stabilized on Friday after initial volatility caused the price to fall to $0.176 before recovering to a tight range of $0.18 to $0.19. The session’s 7% swing came amid renewed macro jitters and reports of large whale liquidations totaling more than $74 million.
What to know
• DOGE traded between $0.176 and $0.189 from October 17 06:00 to October 18 05:00, a range of 6.7%.
• Trading volumes exceeded 1.4 billion during settlement between 07:00 and 08:00 UTC, establishing strong support near $0.18.
• Large holders reportedly dumped 360 million DOGE ($74 million) as broader crypto markets fell 6% in fee holders.
• The price bounced steadily to close around $0.186, forming higher lows throughout the afternoon sessions.
• Futures positioning remained mixed as traders weighed the Fed’s policy signals against inflation risks.
News background
The morning drop followed weakness in markets following the Trump administration’s declaration of 100% tariffs on Chinese imports, a move that sent risk assets lower across Asia. DOGE faced early sell-off pressure but found stability as whales and market makers absorbed a supply near $0.18. Analysts noted a strong concentration of bids around that level, suggesting accumulation rather than capitulation. Meanwhile, derivatives funding rates normalized after a brief spike in short positions, indicating sentiment is stabilizing.
Price Action Summary
• Sharp drop from $0.188 → $0.176 at 07:00 UTC on volume >1.4 billion – the capitulation move of the day.
• The mid-session recovery saw DOGE recover between $0.184 and $0.187, consolidating for the rest of the day.
• Final time (04:22–05:21 UTC): Test of the low of $0.1853 was met with a volume increase of 10.5 million, followed by a steady bounce to $0.1862.
• Resistance persisted in the $0.188–$0.189 area with multiple failed breakout attempts.
• The tight range at the end of the session ($0.1860–$0.1862) and positioning of decreasing volume signals pause before catalysts.
Technical analysis
• Support – $0.175–$0.180 remains a critical accumulation zone; Buyers defended the lows with great conviction.
• Resistance – $0.188–$0.190 marks the upper consolidation band; The breakout could target $0.20+.
• Volume – Maximum activity at 1.4 billion; Volume compression in the last session supports balance formation.
• Pattern – Narrow band consolidation after morning flow indicates volatility.
• Momentum – RSI neutral near 49; MACD Flattening: No trend is dominant yet.
What traders are watching
• Confirmation of $0.18 as a short-term basis before the weekend sessions.
• Renewed whale flows: If accumulation continues after removal of $74 million.
• Possible rotation towards meme assets amid ETF optimism next week.
• Fed comment on tariffs and the impact of liquidity on speculative flows.
• A break above $0.19 as a trigger for a retest of the $0.20-$0.21 zone.
