Dogecoin Stabilizes After Volatile Trading Session
- DOGE traded between $0.176 and $0.189 from Oct 17, 06:00 to Oct 18, 05:00, showing a range of approximately 6.7%.
- Trading volumes exceeded 1.4 billion during the selloff, establishing support near $0.18.
- Large holders liquidated 360 million DOGE (valued at $74 million) as the broader crypto market fell by 6%.
- The price rebounded to close around $0.186, forming higher lows throughout the afternoon.
- Resistance remained at the $0.188–$0.189 zone with multiple failed breakout attempts.
The early dip in DOGE’s price was influenced by macroeconomic concerns following tariff announcements that affected risk assets globally. Despite initial liquidation pressures, stability was found as large holders absorbed supply near the critical support level of $0.18.
As of now, DOGE is testing its short-term base around $0.18 after a significant selloff involving over $74 million in liquidations from whale activity.(Source)
