DOGE Faces Rejection at $0.22 as Dogecoin Treasury Firm Eyes Public Listing

CN
coindesk
Follow
3 hours ago


Dogecoin traded volatile through the October 13–14 session, slipping 1% after failing to sustain a breakout above $0.22. The token found strong demand near $0.20 as institutional flows persisted, even as broader markets reacted to shifting trade rhetoric and renewed regulatory scrutiny following House of Doge’s Nasdaq debut.

News Background

Markets steadied after the Trump administration softened its tone on China tariffs, triggering a partial rebound in risk assets. DOGE bounced from $0.18 lows earlier in the week to test $0.22 resistance before profit-taking emerged. The listing of House of Doge — the meme coin’s affiliated entity — via reverse merger on Nasdaq has amplified corporate exposure to digital assets, but also raised regulatory compliance challenges for institutional investors.

“The participation patterns we’re seeing — strong morning sell volume and disciplined evening accumulation — are hallmarks of active institutional management,” said a senior strategist at a digital asset trading desk. “Treasury teams are hedging volatility but not exiting positions.”

Price Action Summary

  • DOGE fluctuated between $0.20–$0.22 from Oct. 13 03:00 to Oct. 14 02:00, closing at $0.21.
  • Resistance capped at $0.22 after a 21:00 rejection on above-average volume.
  • Heavy institutional buying appeared near $0.20 during 11:00 session with 1.52 B tokens traded.
  • A liquidation burst at 01:54 drove $0.21 breach on 39.6 M volume as algo selling triggered stops.
  • Session stabilized around $0.21 with consistent accumulation into close.

Technical Analysis

DOGE continues to oscillate within a $0.20–$0.22 band, consolidating recent 11% gains. Support remains well-defined at $0.20 with multiple high-volume rebounds. The $0.22 ceiling has now been tested three times without sustained follow-through, forming a near-term pivot for momentum traders.
Volume concentration at $0.21 indicates institutional inventory building rather than panic distribution. Should price hold above $0.21 through the next session, upside targets re-emerge toward $0.23–$0.24; failure to defend $0.20 risks a retrace toward $0.18.

What Traders Are Watching

  • Whether DOGE can reclaim and hold $0.22 to confirm continuation toward $0.24.
  • Signs of renewed whale inflows after 1.5 B tokens accumulated near $0.20 support.
  • Corporate and regulatory headlines tied to House of Doge’s listing.
  • Broader meme-coin sentiment as XRP and SHIB trade flat on declining volume.

免责声明:本文章仅代表作者个人观点,不代表本平台的立场和观点。本文章仅供信息分享,不构成对任何人的任何投资建议。用户与作者之间的任何争议,与本平台无关。如网页中刊载的文章或图片涉及侵权,请提供相关的权利证明和身份证明发送邮件到support@aicoin.com,本平台相关工作人员将会进行核查。

Share To
APP

X

Telegram

Facebook

Reddit

CopyLink