Dogecoin collapsed 50% late Friday with a rare flash crash that saw the price fall from $ 0.22 to $ 0.11 for a few minutes before rebounding to the $ 0.19- $ 0.20 zone.
What to know
• The Doge dropped from $ 0.22 to $ 0.11 to 21pm UTC on October 10 – a 50% flash crash followed by recovery at $ 0.19- $ 0.20.
• Total incidence of intraday = $ 0.14 (≈57% volatility), with 4.6 billion tokens exchanged compared to 1.5 billion days average.
• The 100% announcement of Trump Administration’s tariffs on Chinese imports triggered a greater crypto risk.
• Late-session trading showed whales re-possessed; Exchange outflows led $ 23 million and 2 billion mice were added to corporate wallets.
• The 21shares launched the institutional Doge ETF (TDOG), which offers the first regulated exposure to the property.
News background
The move came several hours after Trump’s President’s tariff caused a cross-market sale, hitting equities and digital assets alike. The Doge is easily exchanged for less than $ 0.11 in Bitfinex before stabilizing more than $ 0.19 as the liquidity table is interrupted. The chatter market is tied to the collapse of leveraged fluids and automatic cross-venue failures rather than major damage. Institutional demand has resurrected around $ 0.19, assisted by ETF flows and whale bids that rebuilt long exposure.
Summary of price action
• Flash crash at 21:00 UTC: Doge $ 0.22 → $ 0.11 (-50%) in 4.6 billion quantities.
• Recovering at $ 0.19- $ 0.20 within a few hours as a supply of whales.
• Follow the sale visible at 11:18 UTC October 11 ($ 0.1935 → $ 0.1916, -4%), volume 32 million.
• The session range of $ 0.14 (57%) marks the year-high volatility for Doge.
• Final time aggregation near $ 0.193 signal cool-down but no recovery.
Technical analysis
• Support – formed at $ 0.19- $ 0.20 as institutional flows that absorb the seller’s panic.
• Resistance-opposing barriers to $ 0.22 pre-crash high; Above it, the next target of $ 0.25 and $ 0.30.
• Volume peak 4.6 billion compared to the 30-day average of 2.0 billion; Capitulation-Grade turnover.
• Pattern-double-bottom of close to $ 0.19 can mark the accumulation zone.
• Momentum-oversold RSI and expansion of bollinger bands suggest short-term mean return.
What do entrepreneurs watch
• Will $ 0.19 hold as a reliable support floor or invite another wave of extermination?
• Can the ETF and institutional accumulation flow that is a greater risk of MacRO?
• Whales that add ≈2 billion doge – signal of buying value or release of the liquidity trap?
• Post-tariff shock regimes-Will the Doge return to 0.25-0.30 Range or sadness below 0.20?
• The triangle confirmation to rebuild above $ 0.22 will prove the bearish structure.
