Mike Smith
2 days ago
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The meme coin's growth once again hit a familiar ceiling: evening trading on October 13-14 showed that at the price of $0.22, Dogecoin turns on massive supply, instantly reversing the momentum. After a brief drawdown, quotes quickly returned to $0.21, confirming that demand near $0.20 remains steady and disciplined.
The fluctuations took place amid a quiet pullback in market fears related to trade tariffs. White House rhetoric has softened and risk appetite has slowly returned. DOGE over the day overcame the range of $0.18-0.22, but the path above the key mark was again blocked by a series of automatic sales that activated speculators' stop orders.
Institutional portfolios did not leave the battlefield. Analysts fix evening accumulation: more than 1.5 bln tokens were absorbed around $0.20, and the volumes were distributed evenly and without sharp bursts. Such patterns are typical for treasury departments, which manage volatility, trying not to move the price too sharply.
The focus of attention shifted to House of Doge, a company that manages corporate meme stocks and went public on the Nasdaq via a reverse merger. The debut gave the topic of DOGE's public ownership a new dimension, but at the same time increased the pressure of supervisory authorities: now every major move by the issuer is being examined under the magnifying glass of financial regulators.
From the technical point of view, the coin is facing a clear corridor of $0.20-0.22. The lower boundary is strengthened by three consecutive reversals on high volume, the upper boundary confirmed its importance by triple rebound. As long as the price consolidates above 0.21$, the bulls still have an argument to move to 0.23-0.24$. A loss of $0.20 will open the way to areas of previous panic around $0.18.
Traders are tracking the ratio of morning selling to evening buying: an imbalance in favor of the latter signals a systematic replenishment of stocks by big players. If the next session closes above $0.22, inertia may push quotes to the round boundary of $0.25 faster than the retail public expects.
The external backdrop remains mixed. Reduced tariff discussion supports optimism, but regulatory comments regarding the duties of public treasurers may revive volatility at any moment. Experts advise to observe strict risk discipline and remember that Dogecoin's character is still determined by the mood of the community.
There is an incipient feeling in the market that each new attempt to break the $0.22 barrier brings closer the moment when the steady accumulation will turn into a real breakout. In such hours, the line between another pullback and the start of a fresh rally becomes especially thin - it is beyond this line that the future fate of the most famous meme coin is being shaped.
