Dogecoin News Today: Dogecoin Plunges 9% in Heavy Trading, Rebounds Near Support Levels

Dogecoin (DOGE) experienced significant volatility on July 15, 2025, as the cryptocurrency plunged nearly 9% during heavy U.S. trading hours before stabilizing near critical support levels. Opening at $0.240, the asset briefly rallied to $0.248 before dropping sharply to a low of $0.223. A late-day rebound pushed the price back to $0.226, indicating potential accumulation by buyers in key zones [1]. The sell-off was marked by a surge in trading volume—918 million units, more than double the 24-hour average—suggesting large players may have triggered stop-loss orders, potentially setting the stage for a short-term recovery if demand resumes [1]. Over the past week, DOGE has lost more than 18% of its value, compounding the session’s decline [1].

Technical analysis highlights pivotal price levels for DOGE’s near-term trajectory. The $0.248 mark serves as short-term resistance, which the asset failed to sustain, sparking the initial sell-off. A breakout above the $0.240–$0.241 range would be crucial for a bullish reversal. Meanwhile, the $0.223–$0.225 zone has shown resilience, with heavy volume during the decline underscoring accumulation by buyers. A breakdown below this level could see further support tested at $0.215–$0.218 [1]. Analysts note that such movements often reflect profit-taking by large holders or algorithmic trading strategies reacting to macroeconomic signals. However, DOGE’s rebound after the 9% drop suggests short-term bears may be losing control of the narrative [3]. CoinDesk and Yahoo Finance both highlighted the rebound from a “critical support zone” as a key development, emphasizing the potential for a stabilization phase [2][4].

The broader context for DOGE’s volatility includes a mixed crypto market environment. While altcoins like XRP and Solana gained ground amid speculation around the GENIUS Act, DOGE’s struggles reflect its unique exposure to retail sentiment and macroeconomic uncertainty. A CoinJournal report noted that meme coins remain vulnerable to sudden shifts in investor sentiment, especially during periods of high volatility [3]. Yet, the accumulation observed in DOGE’s recent chart suggests lingering confidence among buyers willing to absorb dips at these levels.

For now, market participants are closely watching whether DOGE can hold above $0.223. A sustained breakout above $0.240 could reignite bullish momentum, while a failure to defend the support zone risks further declines toward $0.215. The outcome will depend on whether short-term traders or long-term holders dominate the next price action phase.

Source:

[1] title1: DOGE Price Prediction: Support Holds After 9 % Plunge...

(url1: https://cryptoticker.io/en/doge-price-prediction-support-holds-after-9-percent-plunge/)

[2] title2: Doge Price News: Dogecoin Plunges 9% in Steep Sell-Off...

(url2: https://www.coindesk.com/markets/2025/07/29/doge-plunges-9-in-steep-sell-off-but-rebounds-from-critical-support-zone)

[3] title3: FARTCOIN price dips 20% as top whale takes profit

(url3: https://coinjournal.net/news/fartcoin-price-dips-20-as-top-whale-takes-profit/)

[4] title4: DOGE Plunges 9% in Steep Sell-Off, But Rebounds from...

(url4: https://finance.yahoo.com/news/doge-plunges-9-steep-sell-035401812.html)