DOGE Suffers 50% Flash Crash Before Stabilizing Near $0.19

Dogecoin collapsed 50% precocious Friday successful a uncommon flash clang that saw terms plunge from $0.22 to $0.11 wrong minutes earlier rebounding to the $0.19–$0.20 zone.

What to Know

• DOGE dropped from $0.22 to $0.11 astatine 21:00 UTC connected Oct 10 — a 50% flash clang followed by betterment to $0.19–$0.20.
• Total intraday scope = $0.14 (≈57% volatility), with 4.6 cardinal tokens traded versus 1.5 cardinal regular average.
• Trump administration’s 100% tariff announcement connected Chinese imports triggered broader crypto risk-off.
• Late-session trading showed whales re-accumulating; speech outflows topped $23 cardinal and 2 cardinal DOGE were added to firm wallets.
• 21Shares launched its organization DOGE ETF (TDOG), offering the archetypal regulated vulnerability to the asset.

News Background

The determination came hours aft President Trump’s tariff escalation sparked a cross-market selloff, hitting equities and integer assets alike. DOGE concisely traded arsenic debased arsenic $0.11 connected Bitfinex earlier stabilizing supra $0.19 arsenic liquidity desks intervened. Market chatter tied the illness to leveraged liquidations and automated cross-venue arb failures alternatively than cardinal deterioration. Institutional request resurfaced astir $0.19, aided by ETF flows and whale bids rebuilding agelong exposure.

Price Action Summary

• Flash clang astatine 21:00 UTC: DOGE $0.22 → $0.11 (-50%) connected 4.6 cardinal volume.
• Recovery to $0.19–$0.20 wrong hours arsenic whales absorbed supply.
• Follow-through selling seen astatine 11:18 UTC Oct 11 ($0.1935 → $0.1916, -4%), measurement 32 million.
• Session scope of $0.14 (57%) marks year-high volatility for DOGE.
• Final hr consolidation adjacent $0.193 signals cool-down but nary inclination reversal yet.

Technical Analysis

• Support – Formed astatine $0.19–$0.20 arsenic organization flows absorbed panic selling.
• Resistance – Immediate obstruction astatine $0.22 pre-crash high; supra that, adjacent targets $0.25 and $0.30.
• Volume – Peak 4.6 cardinal vs 30-day mean 2.0 billion; capitulation-grade turnover.
• Pattern – Double-bottom adjacent $0.19 whitethorn people accumulation zone.
• Momentum – Oversold RSI and expanding Bollinger bands suggest short-term mean reversion.

What Traders Are Watching

• Will $0.19 clasp arsenic a reliable enactment level oregon invitation different liquidation wave?
• Can ETF flows and organization accumulation offset broader macro risk?
• Whales adding ≈2 cardinal DOGE — awesome of worth buying oregon exit liquidity trap?
• Volatility regimes post-tariff daze — does DOGE instrumentality to 0.25–0.30 scope oregon languish beneath 0.20?
• Confirmation of triangle rebuild supra $0.22 would invalidate bearish structure.

Total Crypto Trading Volume Hits Yearly High of $9.72T

Combined spot and derivatives trading connected centralized exchanges surged 7.58% to $9.72 trillion successful August, marking the highest monthly measurement of 2025

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