Dogecoin Finds Support Near 0.18 After Tariff-Led Selloff and Price Swing

**Dogecoin Trades Between $0.176 and $0.189 Amid Market Volatility**

Dogecoin (DOGE) experienced notable intraday swings on Friday, trading between $0.176 and $0.189 with a 7% fluctuation. The sharp morning decline was triggered by renewed market stress linked to fresh U.S.-China tariff news, causing significant movement in the cryptocurrency sector.

### Market Reaction to Tariff Announcement

The Trump administration’s announcement of a 100% tariff on Chinese imports pressured broader digital asset markets. The policy news sparked a quick selloff in risk assets during Asian trading hours, which extended into cryptocurrencies.

Dogecoin was among the first assets to react, experiencing a rapid drop from $0.188 to $0.176 within minutes. Trading volume surged past 1.4 billion tokens, reflecting a liquidation phase by major holders. Whales reportedly sold around 360 million DOGE, valued at approximately $74 million.

Despite this initial drop, strong buying near the $0.18 level helped stabilize the market. Buyers and liquidity providers defended this key support zone throughout the session.

### Technical Indicators Signal Consolidation

Technical analysis shows that Dogecoin has established a short-term base between $0.175 and $0.180, driven by strong buying interest in this area. Analysts noted the formation of higher lows during the afternoon sessions, indicating attempts at market stabilization.

By the end of the day, DOGE was trading near $0.186 after multiple unsuccessful attempts to break the resistance zone at $0.188-$0.189. Momentum indicators suggest a neutral stance: the Relative Strength Index (RSI) hovered around 49, indicating balanced pressure between buyers and sellers, while the MACD lines flattened, confirming limited directional momentum.

Trading volume compressed late in the session as traders paused, awaiting new market catalysts.

### Whale Activity and Market Sentiment

Whale and large-holder behavior remains a focal point following the significant $74 million DOGE sell-off. Data indicates that after this liquidation phase, wallets associated with long-term investors resumed moderate accumulation. This shift has given some confidence to short-term traders looking for a base near $0.18.

Derivative market signals showed mixed positioning. Funding rates normalized after a brief spike in short interest, suggesting sentiment is improving toward a neutral balance. Analysts interpret this return to balanced funding as an indication that aggressive bearish bets are slowing down.

Overall, the market’s stabilization is viewed as an early sign that selling pressure may be easing.

### Traders Eye Breakout and Macro Factors

With Dogecoin consolidating within a tight range, traders are closely watching the $0.18 support zone and $0.19 resistance level to determine the next directional move.

– A confirmed breakout above $0.19 could pave the way toward the $0.20-$0.21 range.
– Failure to maintain the $0.18 support might trigger another test of $0.175.

Attention also remains on broader factors that could influence weekend trading activity. These include potential shifts in whale behavior, upcoming comments from the U.S. Federal Reserve regarding trade-related inflation risks, and growing speculation about cryptocurrency ETF flows.

Some market participants expect renewed interest in meme-based assets like Dogecoin if risk sentiment improves heading into next week.

### Current Status

As of early Saturday, Dogecoin continues to hover near $0.186 within a narrow trading range. The market is now awaiting fresh economic or policy developments that could determine whether this support base can sustain a rebound.

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*Stay tuned for further updates on Dogecoin and the cryptocurrency market as events unfold.*
https://coincentral.com/dogecoin-finds-support-near-0-18-after-tariff-led-selloff-and-price-swing/