Dogecoin News Today: Whales Test Dogecoin's $0.18 Support, Spark Volatility Fears

Dogecoin (DOGE) faces a critical juncture as on-chain data highlights a pivotal support level that could determine its near-term trajectory. The meme coin, trading near $0.185 in late October 2025, sits at the lower boundary of an ascending channel formed over recent months, according to a TradingView analysis. A breakdown below this level could trigger a sharp decline toward $0.07, a scenario flagged by crypto analyst in Ali Martinez's warning.

The current price action reflects a fragile balance between bullish and bearish forces. While the Relative Strength Index (RSI) hovers near oversold territory and the MACD has turned positive, suggesting renewed buying interest, the token remains vulnerable to large sell orders. A $440 million whale-driven selloff earlier in the week tested the $0.18 support, leaving bulls scrambling to defend the level, as Martinez noted. Analysts note that a sustained recovery above $0.26–$0.33 would be necessary to rekindle a medium-term bullish case, but failure to hold $0.18 could accelerate a slide toward $0.07, a price point representing a 63% drop from current levels, the Yahoo piece added.

The stakes are heightened by Dogecoin's broader market context. Despite institutional adoption—such as Grayscale's launch of a Dogecoin trust in 2025—and periodic retail-driven rallies tied to social media campaigns, the token remains heavily dependent on Bitcoin's price action and macro risk appetite, a dynamic Martinez highlighted. Martinez's dire projection underscores the thin margin of safety when large holders decide to offload, a dynamic that could amplify volatility in the coming weeks.

For now, traders are closely monitoring order-book depth and on-chain flows to gauge whether buyers will step in to defend $0.18. A successful hold would open a path toward mid-$0.20 resistance, while a decisive break below the level could spark a cascade of stop-loss orders, accelerating the descent toward $0.07. The situation mirrors historical patterns seen in memecoins, where social sentiment and institutional flows often act as counterweights to technical breakdowns, the Yahoo article observed.

Meanwhile, Dogecoin's off-chain developments offer a mixed outlook. The sponsorship of Italian football team Triestina Calcio by DOGE has boosted brand visibility, embedding the coin into mainstream culture, the Yahoo report noted. However, this exposure has yet to translate into meaningful price action, as the token remains 75% below its 2021 peak of $0.73, the same Yahoo piece added.

As the crypto market approaches the end of 2025, Dogecoin's fate will likely hinge on a combination of technical resilience, institutional activity, and broader market sentiment. For now, the $0.18 level remains the focal point—a make-or-break threshold that could define the coin's trajectory in the months ahead.