$300T PayPal Stablecoin Glitch by Paxos Overshadows $2.4T USD Supply

DOGE Drops to $0.20 Amid Market Sell-Off, Early Support Signs Emerge

Dogecoin (DOGE) fell 5% from $0.21 to $0.20 as global crypto markets reacted to renewed U.S.–China tariff tensions. President Trump’s proposed 100% tariff plan wiped around $19 billion off crypto valuations, triggering 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 via Brag House Holdings continues to underpin the long-term institutional narrative, though short-term flows remain cautious.

Price Action Summary

• 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 spiked to 568.6M before sellers regained control at $0.21.
• The largest 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, marking likely exhaustion.
• DOGE stabilized near $0.20 into the close, with reduced volume signaling early signs of renewed demand.

Technical Analysis

• Support: $0.20–$0.202, backed by high-volume accumulation during recent lows.
• Resistance: $0.21–$0.214, capped by morning reversal volume.
• DOGE remains below the 200-day moving average, reflecting short-term weakness, but stable bids and compressed volume at $0.20 suggest potential base formation.
• A reclaim of $0.21 could trigger momentum-driven longs targeting $0.224–$0.228.
• Momentum indicators are oversold, and derivative funding has turned sharply negative on Binance and OKX, conditions often preceding short-covering rallies.

Key Levels and Watchpoints

1. $0.20 support — can bids absorb post-liquidation supply during Asian trading?
2. Volume follow-through on a $0.21 reclaim to confirm a reversal.
3. Institutional positioning around House of Doge’s Nasdaq-linked instruments.
4. Broader market sentiment related to U.S.–China trade developments.

About The Author

ctleditor

See author's posts