TLDR
- Dogecoin traded between $0.176 and $0.189 amid a 7% intraday swing.
- Whales sold about 360M DOGE worth $74M during the tariff-led drop.
- Strong buying near $0.18 created a key support zone through the session.
- Resistance remains near $0.19 as traders await signals for the next move.
Dogecoin steadied on Friday after a sharp morning decline triggered by renewed market stress linked to fresh U.S.–China tariff news. The cryptocurrency dropped to $0.176 before recovering to trade within a narrow $0.18–$0.19 band, as buyers re-entered the market and defended key support levels.
Market Reaction to Tariff Announcement
The broader digital asset market came under pressure after the Trump administration announced a 100% tariff on Chinese imports. The policy news prompted a quick selloff in risk assets across Asian trading hours, spreading into the cryptocurrency sector. Dogecoin was among the first to react, recording a 7% intraday swing as traders rushed to reduce exposure.
During the early session, DOGE fell from $0.188 to $0.176 within minutes, with trading volume surpassing 1.4 billion tokens. The large move indicated liquidation by major holders, who reportedly sold about 360 million DOGE, valued at around $74 million. Despite the initial drop, the market found balance once liquidity providers and buyers stepped in near the $0.18 area.
Technical Indicators Show Consolidation
Technical data suggested that Dogecoin’s price established a short-term base between $0.175 and $0.180, an area where strong buying interest appeared. Analysts observed higher lows forming through afternoon sessions, signaling that the market was attempting to stabilize. By the end of the day, DOGE traded near $0.186 after multiple failed attempts to break the $0.188–$0.189 resistance zone.
Momentum indicators pointed to a neutral setup. The relative strength index hovered around 49, suggesting balanced pressure between buyers and sellers. The MACD lines flattened, confirming limited directional strength. Volume also compressed late in the session, showing that traders paused activity while awaiting new catalysts.
Whale Activity and Market Sentiment
Large holder behavior remained a key focus following the reported $74 million disposal. Market data showed that after the liquidation phase, wallets linked to long-term investors resumed moderate accumulation. This pattern gave confidence to short-term participants watching for base formation around $0.18.
Derivative market signals showed mixed positioning. Funding rates normalized after a brief increase in short interest, suggesting that sentiment improved toward neutral levels. Analysts stated that the return of balanced funding indicated a slowdown in aggressive bearish bets. Market participants viewed the stabilization as an early sign that selling pressure might have eased.
Traders Watch for Breakout or New Macro Cues
With prices consolidating tightly, traders are monitoring the $0.18 support zone and the $0.19 resistance band for the next directional move. A confirmed breakout above $0.19 could open the path toward the $0.20–$0.21 area, while a failure to hold current support may bring another test of $0.175.
Attention also turned to broader factors that could guide weekend trading. These include possible shifts in whale activity, the upcoming U.S. Federal Reserve comments on trade-related inflation risks, and growing speculation over crypto ETF flows. Some traders expect renewed interest in meme-based assets if risk sentiment recovers next week.
As of early Saturday, Dogecoin continued to hover near $0.186, maintaining a narrow range. The market now waits for fresh economic or policy cues that could determine whether the current support base can lead to a sustained rebound.
