Dogecoin Slides 7.5% to $0.164 as Tensions Surge and Volume Plummets

Dogecoin (DOGE) fell 7.5% in the last 24 hours, from $0.176 to a 2 week low of $0.164. This is due to growing investor anxiety...

Written by: Arslan Butt • Wednesday, June 18, 2025 • 2 min read

• Last updated: Wednesday, June 18, 2025

Quick overview

Dogecoin (DOGE) dropped 7.5% to a two-week low of $0.164 amid rising geopolitical tensions and central bank tightening.
The cryptocurrency experienced significant trading activity, with nearly 700M DOGE tokens exchanged during a volatile hour.
Despite the decline, DOGE found support at $0.164, forming a potential double bottom pattern as it trades within a range of $0.168 to $0.171.
Market participants are awaiting broader cues, as both bullish and bearish sentiments remain uncertain in the current environment.

Dogecoin (DOGE) fell 7.5% in the last 24 hours, from $0.176 to a 2 week low of $0.164. This is due to growing investor anxiety as geopolitical tensions in the Middle East escalate and central banks tighten.

On the global front, the renewed hostilities between Israel and Iran over the weekend triggered a risk-off sentiment across markets. Cryptos, being high risk assets, got hit the most. DOGE being a speculative asset fell 8% in a matter of hours before buyers stepped in at $0.164.

At the same time, investors are dealing with the US Federal Reserve’s cautious tone. With interest rates likely to stay in 4.25% to 4.50% range and the Fed still reducing its balance sheet, risk appetite has decreased. Altcoins like DOGE which have higher beta to macro trends have been hit the most.

Support at $0.164

Despite the big drop, DOGE has found some technical support. Traders are seeing a double bottom forming at $0.164 which means consolidation could be happening.

During the most volatile hour (15:00 to 16:00 UTC) nearly 700M DOGE tokens changed hands. This intense activity pushed the price to intraday low before buying brought the token back to a narrower range of $0.168 to $0.171.

A brief bullish move at 01:21 UTC saw DOGE spike to $0.1719 but the momentum was short lived. Since then the price action has formed a descending triangle which is a bearish continuation pattern unless broken to the upside.

Key Price Action:

DOGE fell from $0.176 to $0.164, 6.7% drop
Volume peaked at 700M during the most volatile hour
Price range established at $0.168 to $0.171
Bullish push to $0.1719 was rejected
Volume dropped off sharply after the selloff, candles under 3M

Waiting for the next directional cue

For now DOGE is waiting for broader market cues. Geopolitical risks are still not resolved and central banks are not showing any signs of easing so the sideways movement may continue.

Volume has dried up which means both bulls and bears are not convinced. This kind of environment often precedes a breakout in either direction but without a clear macro or technical catalyst DOGE may just trade within a range.

Investors and traders should keep an eye on $0.164 support and $0.171 resistance. A break on either side with volume will define DOGE’s next move.

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ABOUT THE AUTHOR See More

Arslan Butt

Lead Markets Analyst – Multi-Asset (FX, Commodities, Crypto)

Arslan Butt serves as the Lead Commodities and Indices Analyst, bringing a wealth of expertise to the field. With an MBA in Behavioral Finance and active progress towards a Ph.D., Arslan possesses a deep understanding of market dynamics. His professional journey includes a significant role as a senior analyst at a leading brokerage firm, complementing his extensive experience as a market analyst and day trader. Adept in educating others, Arslan has a commendable track record as an instructor and public speaker. His incisive analyses, particularly within the realms of cryptocurrency and forex markets, are showcased across esteemed financial publications such as ForexCrunch, InsideBitcoins, and EconomyWatch, solidifying his reputation in the financial community.