Dogecoin Sinks in Sudden 10% Dip, Faces Uphill Battle to Rebound

Dogecoin Falls 10% in After-Hours Slide as Market Sentiment Wavers

Dogecoin saw a steep decline late Thursday night, dropping more than 10% in a rapid sell-off that underscored fragile sentiment across crypto markets.

The memecoin slid from $0.226 to $0.202, with the sharpest drop occurring around midnight, accompanied by a notable surge in trading volume to 1.18 billion. The move caught many off guard, prompting speculation over whether the decline was driven by technical pressure, liquidations, or broader macro uncertainty.

Following the plunge, DOGE has entered a period of sideways movement, consolidating between $0.202 and $0.206. The price action suggests indecision among traders, with no clear direction emerging in the immediate aftermath.

Technical indicators now point to a possible double-bottom setup, a formation that, if confirmed, could signal a trend reversal. However, DOGE faces strong resistance at $0.217, a level it must reclaim before any sustained upside move toward $0.25 can materialize.

A brief intraday recovery brought the price back to $0.205, but the bounce lacked momentum, occurring on thin volume. Meanwhile, activity in the derivatives market remains elevated — open interest in DOGE futures rose 2.89% to $2.71 billion, suggesting traders are positioning for renewed volatility.

Key Metrics:

• Price drop: 10.6% decline from $0.226 to $0.202.
• Sell-off peak: Midnight hour saw heaviest losses and volume surge.
• Current range: $0.202–$0.206, with resistance at $0.217.
• Derivatives: Open interest up nearly 3%, pointing to speculative buildup.

Market participants remain cautious, with sentiment mixed and technical levels under scrutiny. The coming sessions may prove pivotal in determining whether DOGE stabilizes — or slides further.