Dogecoin (DOGE) stabilized on Friday after experiencing significant price fluctuations linked to new tariff measures impacting global markets. Following a sharp decline to $0.176 in early trading, the cryptocurrency retraced losses and settled within a narrow band between $0.18 and $0.19, demonstrating renewed buying interest at critical support levels.
The price movement on Oct. 17–18 revealed a roughly 7% intraday range, driven largely by macroeconomic concerns and intensified by notable whale liquidations. During a key selloff window from 07:00 to 08:00 UTC, DOGE’s trading volume surged above 1.4 billion tokens, coinciding with the largest price drop of the day and suggesting heavy selling pressure. Reports indicated that major holders offloaded approximately 360 million DOGE, equivalent to about $74 million, amid a broader 6% downturn across cryptocurrency markets triggered by the Trump administration’s announcement of a 100% tariff on imports from China.
Despite these headwinds, DOGE showed resilience as market participants absorbed the excess supply near the $0.18 price mark. Analysts highlighted a concentrated cluster of buy orders around this zone, indicating that investors were accumulating rather than surrendering their positions. This accumulation helped the cryptocurrency gradually climb back, closing at approximately $0.186 and establishing higher lows throughout the afternoon trading sessions.
Futures markets reflected a mixture of sentiment, with traders carefully balancing Federal Reserve guidance against lingering inflation concerns. This uncertainty has resulted in a lack of clear directional momentum, as technical indicators revealed a neutral stance. The relative strength index (RSI) hovered near 49, while the moving average convergence divergence (MACD) displayed a flattening trend, signifying an equilibrium without a dominant buyer or seller advantage.
In terms of price action, DOGE’s initial plunge from $0.188 to $0.176 was followed by a steady recovery that saw the token reclaim levels between $0.184 and $0.187, where it consolidated for the remainder of the day. Late-session activity featured a volume spike of 10.5 million tokens corresponding with a brief test of a $0.1853 intraday low, after which the price rebounded modestly to close near $0.1862. Resistance maintained a firm presence at the $0.188–$0.189 range, with multiple unsuccessful attempts to break higher.
From a technical perspective, the $0.175–$0.180 area remains a crucial support zone where buyers have consistently stepped in. The upper resistance band between $0.188 and $0.190 represents the current consolidation ceiling, with a potential breakout above this range likely needed to target the $0.20 psychological level. The compression of trading volume toward the session’s close suggests a pause in trader positioning as the market awaits a new catalyst.
Investors and market watchers are paying close attention to whether the $0.18 price level will hold as a short-term foundation through the weekend. Additionally, ongoing whale activity will be monitored to determine if further accumulation follows the recent sizeable disposal. Market participants are also observing broader sector rotations, particularly concerning meme tokens, amid expectations of potential ETF developments next week. Finally, commentary from the Federal Reserve regarding tariffs and liquidity dynamics is expected to influence speculative flows across the cryptocurrency landscape.
