Dogecoin collapsed 50% late Friday in a rare flash crash that saw price plunge from $0.22 to $0.11 within minutes before 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 followed by recovery to $0.19–$0.20. • Total intraday range = $0.14 (≈57% volatility), with 4.6 billion tokens traded versus 1.5 billion daily average. • Trump administration’s 100% tariff announcement on Chinese imports triggered broader crypto risk-off. • Late-session trading showed whales re-accumulating; exchange outflows topped $23 million and 2 billion DOGE were added to corporate wallets. • 21Shares launched its institutional DOGE ETF (TDOG), offering the first regulated exposure to the asset. News Background The move came hours after President Trump’s tariff escalation sparked a cross-market selloff, hitting equities and digital assets alike. DOGE briefly traded as low as $0.11 on Bitfinex before stabilizing above $0.19 as liquidity desks intervened. Market chatter tied the collapse to leveraged liquidations and automated cross-venue arb failures rather than fundamental deterioration. Institutional demand resurfaced around $0.19, aided by ETF flows and whale bids rebuilding long exposure. Price Action Summary • Flash crash 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 supply. • Follow-through selling seen at 11:18 UTC Oct 11 ($0.1935 → $0.1916, -4%), volume 32 million. • Session range of $0.14 (57%) marks year-high volatility for DOGE. • Final hour consolidation near $0.193 signals cool-down but no trend reversal yet. Technical Analysis • Support – Formed at $0.19–$0.20 as institutional flows absorbed panic selling. • Resistance – Immediate barrier at $0.22 pre-crash high; above that, next targets $0.25 and $0.30. • Volume – Peak 4.6 billion vs 30-day average 2.0 billion; capitulation-grade turnover. • Pattern – Double-bottom near $0.19 may mark accumulation zone. • Momentum – Oversold RSI and expanding Bollinger bands suggest short-term mean reversion. What Traders Are Watching • Will $0.19 hold as a reliable support floor or invite another liquidation wave? • Can ETF flows and institutional accumulation offset broader macro risk? • Whales adding ≈2 billion DOGE — signal of value buying or exit liquidity trap? • Volatility regimes post-tariff shock — does DOGE return to 0.25–0.30 range or languish below 0.20? • Confirmation of triangle rebuild above $0.22 would invalidate bearish structure.
