DOGE Plunges 10% Before Quick Recovery Rally on Institutional Volume Spike

What to know: DOGE dropped 9.52% between July 14 05:00 and July 15 04:00, falling from $0.21 to $0.19 with a $0.022 trading range (10.44% volatility). Major selloffs occurred during the 14:00–15:00 and 01:00–03:00 windows, with volume spikes of 735.09M and 704.60M, crushing the 24-hour average of 415.48M. A sharp reversal began during the final session hour as DOGE rose 0.84%, from $0.1923 to $0.1939, backed by volume bursts of 22.60M and 19.06M. Institutional activity was visible on both ends of the move, pointing to tactical capital flow rather than retail-driven volatility. News Background The selloff came amid rising anxiety over delays in potential crypto ETF approvals and a sudden resurgence in U.S. enforcement chatter around centralized exchanges. At the same time, market participants began speculating about fast-tracked ETF paths for high-volume tokens like DOGE and XRP, prompting whale-led accumulation near local lows. As a result, DOGE saw rapid directional whiplash — with institutional volumes confirming exits and re-entries. Price Action Summary Range: $0.21 → $0.19 | $0.022 span = 10.44% volatility Breakdown Zones: $0.200–$0.198 during 14:00–15:00 Volume Peaks: 735.09M (14:00), 704.60M (01:00) Support Zone: $0.190–$0.191 during late-session base build Final Hour (03:37–04:36): Price rose from $0.1923 → $0.1939 (+0.84%) Recovery Volume: 22.60M at 04:10, 19.06M at 04:09 during breakout push Technical Analysis Breakdown confirmed by lower-high, lower-low sequence into $0.19 session low Selling intensified as $0.200–$0.201 failed to hold during evening session Final-hour breakout above $0.1930 confirms localized reversal setup Key resistance: $0.1960–$0.1980 for short-term continuation Risk remains elevated if DOGE fails to reclaim $0.200 on sustained volume What Traders Are Watching Can DOGE reclaim the $0.198–$0.200 zone to restore trend structure? Rejection from $0.196 would likely confirm another leg down toward $0.188 Watch for follow-through volume above 400M to confirm trend shift Institutional wallet activity and futures OI positioning remain critical Takeaway DOGE’s 10% plunge was sudden but it wasn’t retail chaos. High-volume breakdowns and targeted re-entries show that institutions are playing both sides. While the bounce offers short-term relief, the macro structure remains vulnerable. Bulls must reclaim $0.200 fast — or risk deeper downside. Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk’s full AI Policy.

Source: CoinDesk