Dogecoin collapsed 50% late Friday in a uncommon flash crash that noticed worth plunge from $0.22 to $0.11 inside minutes earlier 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 crash adopted by restoration to $0.19–$0.20.
• Whole intraday vary = $0.14 (≈57% volatility), with 4.6 billion tokens traded versus 1.5 billion every day common.
• Trump administration’s 100% tariff announcement on Chinese language imports triggered broader crypto risk-off.
• Late-session buying and selling confirmed whales re-accumulating; change 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 primary regulated publicity to the asset.
Information Background
The transfer got here hours after President Trump’s tariff escalation sparked a cross-market selloff, hitting equities and digital belongings alike. DOGE briefly traded as little as $0.11 on Bitfinex earlier than stabilizing above $0.19 as liquidity desks intervened. Market chatter tied the collapse to leveraged liquidations and automatic cross-venue arb failures fairly than basic deterioration. Institutional demand resurfaced round $0.19, aided by ETF flows and whale bids rebuilding lengthy publicity.
Worth Motion Abstract
• Flash crash at 21:00 UTC: DOGE $0.22 → $0.11 (-50%) on 4.6 billion quantity.
• Restoration to $0.19–$0.20 inside hours as whales absorbed provide.
• Observe-through promoting seen at 11:18 UTC Oct 11 ($0.1935 → $0.1916, -4%), quantity 32 million.
• Session vary of $0.14 (57%) marks year-high volatility for DOGE.
• Ultimate hour consolidation close to $0.193 indicators cool-down however no development reversal but.
Technical Evaluation
• Assist – Fashioned at $0.19–$0.20 as institutional flows absorbed panic promoting.
• Resistance – Speedy barrier at $0.22 pre-crash excessive; above that, subsequent targets $0.25 and $0.30.
• Quantity – Peak 4.6 billion vs 30-day common 2.0 billion; capitulation-grade turnover.
• Sample – Double-bottom close to $0.19 could mark accumulation zone.
• Momentum – Oversold RSI and increasing Bollinger bands counsel short-term imply reversion.
What Merchants Are Watching
• Will $0.19 maintain as a dependable help ground or invite one other liquidation wave?
• Can ETF flows and institutional accumulation offset broader macro threat?
• Whales including ≈2 billion DOGE — sign of worth shopping for or exit liquidity entice?
• Volatility regimes post-tariff shock — does DOGE return to 0.25–0.30 vary or languish beneath 0.20?
• Affirmation of triangle rebuild above $0.22 would invalidate bearish construction.
