Dogecoin Recent Price Action: Why did Dogecoin Crash?
$DOGE began the session at $0.240, rallied to $0.248, then plunged during heavy U.S. trading hours, hitting a low of $0.223. A late rebound lifted the price back to $0.226, indicating that buyers were accumulating near the support zone. Notably, volume during the sell‑off spiked to 918 million, more than 2× the 24‑hour average. This indicates that large players may have triggered stop‑loss orders, which could create a base for recovery if demand returns.
Looking at the past 7-days, the chart looks even grimmer, with more than -18% losses.
DOGE/USD price chart in the past week – TradingView
Technical Outlook for Dogecoin Price
| Level | Significance |
|---|---|
| $0.248 (recent high) | Short‑term resistance; failure to sustain rally triggered the sell‑off. |
| $0.240–$0.241 | Key resistance zone—needs to break for bullish reversal. |
| $0.223–$0.225 | Strong support tested twice; heavy volume suggests accumulation. |
| $0.215–$0.218 | Next support if $0.223 fails. |
Dogecoin Price Prediction: Important Levels to Watch
Given the heavy sell‑off and subsequent bounce from the $0.223 area, the near‑term outlook is cautiously optimistic. If DOGE holds above $0.223 and can reclaim $0.241, the price could retest $0.260 within days. However, failure to maintain support may send it toward the $0.215–$0.218 range. Investors should monitor U.S. inflation data and Federal Reserve commentary, as macro headwinds may prolong volatility.
How to Trade Dogecoin?
- Identify your exchange – Compare fee structures and liquidity using our exchange comparison guide.
- Monitor price levels – Watch the $0.223 support and $0.241 resistance zones closely.
- Understand the asset – For new traders, read up on blockchain basics to appreciate the technology behind DOGE.
For live pricing and charts, visit the DOGE price page.
Source: https://cryptoticker.io/en/doge-price-prediction-support-holds-after-9-percent-plunge/