Strong sales across digital assets push doge 5% lower; The formation of the base of the eye as the liquid pressure shows early signs of fatigue.
News background
- Doge followed a broader market rout triggered by updated US-China tariff rhetoric, slipping 5% from a $0.21 high to settle at $0.20. President Trump’s proposed 100% tariff plan has wiped out nearly $19B in crypto market value, sparking forced liquidations among the royalties.
- Despite the selloff, institutional desks are reporting interest accumulation near $0.20 to hold as derivatives open interest reset to mid-September levels.
- House of Doge’s $50m NASDAQ debut by incorporating its holdings continues to support the long-term institutional narrative, although near-term flows remain risk-off.
Summary of Price Action
- Doge traded a $ 0.0117 (6%) range between $ 0.21 and $ 0.20 until October 14 21: 00 – October. 15 20:00.
- Volume climbed to 568.6m at 08:00 in the morning rally to $0.21 before sellers took control.
- Heaviest Liquidation Hit 13: 00–15: 00 window with 920m turnover as the price broke below $ 0.21.
- The capitulation at 19:50 pushed the price to $0.20 lows on 12m volume, marking likely exhaustion.
- Doge stabilized near $0.20 in the close with reduced volume, indicating an early return of demand.
Technical Analysis
- Support remains firm around $0.20-$0.202, aligned with high volume accumulation during liquidation troughs. Resistance stands at $0.21-$0.214, the zone trapped in the morning’s reversal volume.
- The short-term structure remains fragile as Doge trades below the 200-day moving average, but volume compression and firm bid depth at $0.20 suggest potential base formation. A clean reclamation of $0.21 could invite momentum longs targeting $0.224-$0.228.
- Momentum indicators remain oversold; Derivative funding turned negative on Binance and OKX—conditions that often precede short rallies.
What entrepreneurs are watching
- $0.20 support-if bids absorb post-liquid supply through Asia Open.
- Volume follow-through on any $0.21 re-claim for return confirmation.
- Institutional positioning around instruments linked to the House of Doge.
- Broader risk sentiment around US -China trade headlines.
