DOGE Plunges 9.52% Amid Institutional Selloff Concerns

DOGE, the popular memecoin, experienced a significant price drop of 9.52% between July 14 05:00 and July 15 04:00, falling from $0.21 to $0.19. This decline was marked by two key trading windows where major selloffs occurred, specifically between 14:00–15:00 and 01:00–03:00. During these periods, the trading volume spiked to 735.09M and 704.60M, respectively, far exceeding the 24-hour average of 415.48M. The selloff was driven by institutional activity, indicating a strategic capital flow rather than retail-driven volatility.

The selloff coincided with growing concerns over potential delays in crypto ETF approvals and increased regulatory discussions in the U.S. Market participants began speculating about fast-tracked ETF paths for high-volume tokens like DOGE, prompting whale-led accumulation near local lows. This speculation led to rapid directional whiplash, with institutional volumes confirming both exits and re-entries. The 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.

Technical analysis confirmed the breakdown with a lower-high, lower-low sequence into the $0.19 session low. Selling intensified as the $0.200–$0.201 level failed to hold during the evening session. The final-hour breakout above $0.1930 confirmed a localized reversal setup. Key resistance levels for short-term continuation are $0.1960–$0.1980, but risk remains elevated if DOGE fails to reclaim $0.200 on sustained volume.

Traders are closely watching whether DOGE can reclaim the $0.198–$0.200 zone to restore trend structure. A rejection from $0.196 would likely confirm another leg down toward $0.188. Follow-through volume above 400M is crucial to confirm a trend shift. Institutional wallet activity and futures open interest positioning remain critical factors to monitor.

In summary, DOGE's 10% plunge was sudden but not driven by retail chaos. High-volume breakdowns and targeted re-entries indicate that institutions are actively playing both sides of the market. While the bounce offers short-term relief, the macro structure remains vulnerable. Bulls must reclaim the $0.200 level quickly to avoid deeper downside risks.