Dogecoin collapsed 50% leisurely Friday in a rare flash smash that saw label tumble from $0.22 to $0.11 within minutes sooner than rebounding to the $0.19–$0.20 zone.
What to Know
• DOGE dropped from $0.22 to $0.11 at 21:00 UTC on Oct 10 — a 50% flash smash adopted by restoration to $0.19–$0.20.
• Total intraday vary = $0.14 (≈57% volatility), with 4.6 billion tokens traded versus 1.5 billion each day practical.
• Trump administration’s 100% tariff announcement on Chinese imports triggered broader crypto chance-off.
• Gradual-session buying and selling showed whales re-amassing; alternate outflows topped $23 million and a pair of billion DOGE had been added to company wallets.
• 21Shares launched its institutional DOGE ETF (TDOG), providing the precious regulated publicity to the asset.
News Background
The droop came hours after President Trump’s tariff escalation sparked a substandard-market selloff, hitting equities and digital sources alike. DOGE in transient traded as low as $0.11 on Bitfinex sooner than stabilizing above $0.19 as liquidity desks intervened. Market chatter tied the collapse to leveraged liquidations and computerized substandard-venue arb disasters somewhat than fundamental deterioration. Institutional interrogate resurfaced around $0.19, aided by ETF flows and whale bids rebuilding lengthy publicity.
Notice Action Summary
• Flash smash at 21:00 UTC: DOGE $0.22 → $0.11 (-50%) on 4.6 billion volume.
• Recovery to $0.19–$0.20 within hours as whales absorbed provide.
• Follow-thru selling considered at 11:18 UTC Oct 11 ($0.1935 → $0.1916, -4%), volume 32 million.
• Session vary of $0.14 (57%) marks year-excessive volatility for DOGE.
• Closing hour consolidation conclude to $0.193 signals chilly-down however no pattern reversal yet.
Technical Prognosis
• Enhance – Formed at $0.19–$0.20 as institutional flows absorbed fright selling.
• Resistance – Immediate barrier at $0.22 pre-smash excessive; above that, subsequent targets $0.25 and $0.30.
• Volume – Height 4.6 billion vs 30-day practical 2.0 billion; capitulation-grade turnover.
• Pattern – Double-backside conclude to $0.19 may perhaps also neutral designate accumulation zone.
• Momentum – Oversold RSI and rising Bollinger bands counsel short-term mean reversion.
What Merchants Are Looking out at
• Will $0.19 support as a legit toughen floor or invite any other liquidation wave?
• Can ETF flows and institutional accumulation offset broader macro chance?
• Whales collectively with ≈2 billion DOGE — signal of fee buying or exit liquidity entice?
• Volatility regimes post-tariff shock — does DOGE return to 0.25–0.30 vary or languish below 0.20?
• Confirmation of triangle rebuild above $0.22 would invalidate bearish structure.
