Dogecoin Recent Price Action: Why did Dogecoin Crash?

$DOGE began the session at $0.240, rallied to $0.248, then plunged during heavy U.S. trading hours, hitting a low of $0.223. A late rebound lifted the price back to $0.226, indicating that buyers were accumulating near the support zone. Notably, volume during the sell‑off spiked to 918 million, more than 2× the 24‑hour average. This indicates that large players may have triggered stop‑loss orders, which could create a base for recovery if demand returns.

Looking at the past 7-days, the chart looks even grimmer, with more than -18% losses.

DOGE/USD price chart in the past week – TradingView

Technical Outlook for Dogecoin Price

Level	Significance
$0.248 (recent high)	Short‑term resistance; failure to sustain rally triggered the sell‑off.
$0.240–$0.241	Key resistance zone—needs to break for bullish reversal.
$0.223–$0.225	Strong support tested twice; heavy volume suggests accumulation.
$0.215–$0.218	Next support if $0.223 fails.

 

Dogecoin Price Prediction: Important Levels to Watch

Given the heavy sell‑off and subsequent bounce from the $0.223 area, the near‑term outlook is cautiously optimistic. If DOGE holds above $0.223 and can reclaim $0.241, the price could retest $0.260 within days. However, failure to maintain support may send it toward the $0.215–$0.218 range. Investors should monitor U.S. inflation data and Federal Reserve commentary, as macro headwinds may prolong volatility.

How to Trade Dogecoin?

• Identify your exchange – Compare fee structures and liquidity using our exchange comparison guide.
• Monitor price levels – Watch the $0.223 support and $0.241 resistance zones closely.
• Understand the asset – For new traders, read up on blockchain basics to appreciate the technology behind DOGE.

For live pricing and charts, visit the DOGE price page.