DOGE trading desk flows indicate a possible bottoming phase; watch for a $0.214 flip to signal momentum.

DOGE Slides to $0.20 Amid Market Liquidation, Signs of Base Formation Emerge

Dogecoin (DOGE) fell 5% from $0.21 to $0.20 following a broader crypto market sell-off triggered by renewed U.S.–China tariff tensions. President Trump’s proposed 100% tariff plan erased approximately $19 billion in crypto market value, prompting forced liquidations across major digital assets.

Despite the decline, institutional desks report accumulation interest near $0.20, as derivatives open interest resets to mid-September levels. Meanwhile, the House of Doge’s $50M Nasdaq debut through its Brag House Holdings merger continues to support the long-term institutional narrative, although near-term flows remain risk-off.

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.
• Volume peaked at 568.6M during the morning rally to $0.21 before sellers reclaimed control.
• The largest liquidation occurred between 13:00–15:00, with 920M turnover as price dipped below $0.21.
• A capitulation candle at 19:50 drove DOGE to $0.20 lows on 12M volume, signaling likely selling exhaustion.
• DOGE stabilized near $0.20 into the close, with reduced volume hinting at early demand returning.

Technical Analysis

• Support: $0.20–$0.202, backed by high-volume accumulation during the liquidation trough.
• Resistance: $0.21–$0.214, capped by reversal volume from the morning session.
• DOGE remains below the 200-day moving average, reflecting short-term fragility. However, compressed volume and stable bid depth at $0.20 indicate potential base formation.
• A reclaim of $0.21 could trigger momentum longs targeting $0.224–$0.228.
• Momentum indicators are oversold, and derivative funding turned sharply negative on Binance and OKX, conditions that often precede short-covering rallies.

Key Levels and Watchpoints

1. $0.20 support — whether bids can absorb post-liquidation supply during Asian trading hours.
2. Volume confirmation on any reclaim of $0.21 to validate a potential reversal.
3. Institutional flows related to House of Doge’s Nasdaq-linked instruments.
4. Macro risk sentiment tied to U.S.–China trade developments.

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