Dogecoin’s Struggles: Will It Sink or Surprise Us With a Rally? 😂

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Markets

What to know:

  • Dogecoin took a little dive, falling 3% because institutional investors decided to reduce risk. Smart move? Who knows. 🙄
  • The coin couldn’t break past $0.20. Imagine trying and failing repeatedly – like a bad date. 😅
  • Traders are looking at $0.195 for support, but let’s be real, it could go either way. Rebound or disaster? 🤷‍♂️

Dogecoin had a rough weekend, slipping 3% as the big institutional players decided to bail out. They weren’t having any of it-selling pressure near $0.20 was like a brick wall, preventing any kind of breakout. Meanwhile, the world outside kept throwing stress around, making traders defensive across alt markets. Yay. 🎉

News Background

So, DOGE took a step back after a week of wild asset flows, thanks to fresh U.S.-China tariff talk. It’s like a soap opera, but with money. Institutional sentiment went full-on “no risk, please,” cutting crypto exposure while everyone’s trying to figure out what the Treasury is up to. Meanwhile, corporations are getting all cautious, like they know something we don’t. 🙄

00 UTC block saw 818 million DOGE change hands-almost three times the daily average-thanks to large sellers who just weren’t impressed. The price took a dip towards $0.197 later in the U.S. session, and surprise-there wasn’t much support. It’s like everyone left the party early. 🏃‍♂️

And then, just when you think it can’t get worse, the final hour (01:10-02:09 UTC) saw another 1% drop. Algorithms fired up, and boom, liquidation. The volume shot up to 40.5 million DOGE during the 01:56 print, confirming that the bots were running the show. People were not happy, but things settled near $0.197. Ugh. 😩

Technical Analysis

Here’s the deal: the structure is short-term bearish while DOGE’s still hanging out below $0.20. Every time it touches that level, it gets rejected like a bad Tinder date. Next support’s around $0.194-$0.196. RSI and momentum indicators are still negative but almost oversold. Could be a setup for a surprise rally. Or… not. 😏

What Traders Are Watching

Traders are all eyes on $0.195 support. If DOGE can reclaim $0.201 with some volume, it might spark a short-covering rally that could take us to $0.208-$0.21. But let’s not get too excited; failure to defend $0.194 could send us crashing to $0.187. Oof, that’s last month’s low. All eyes are on macro sentiment-if the U.S.-China trade talks soften, we could see a surprise rebound. Maybe DOGE and SHIB lead the charge. Or not. Who knows anymore? 🤔

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2025-10-21 11:35