|

DOGE faces rejection at $0.22 as Dogecoin Treasury firm eyes public listing

Dogecoin traded volatile through the October 13–14 session, slipping 1% after failing to sustain a breakout above $0.22. The token found strong demand near $0.20 as institutional flows persisted, even as broader markets reacted to shifting trade rhetoric and renewed regulatory scrutiny following House of Doge’s Nasdaq debut.

News background

Markets steadied after the Trump administration softened its tone on China tariffs, triggering a partial rebound in risk assets. DOGE bounced from $0.18 lows earlier in the week to test $0.22 resistance before profit-taking emerged. The listing of House of Doge — the meme coin’s affiliated entity — via reverse merger on Nasdaq has amplified corporate exposure to digital assets, but also raised regulatory compliance challenges for institutional investors.

“The participation patterns we’re seeing — strong morning sell volume and disciplined evening accumulation — are hallmarks of active institutional management,” said a senior strategist at a digital asset trading desk. “Treasury teams are hedging volatility but not exiting positions.”

Price action summary

  • DOGE fluctuated between $0.20–$0.22 from Oct. 13 03:00 to Oct. 14 02:00, closing at $0.21.
  • Resistance capped at $0.22 after a 21:00 rejection on above-average volume.
  • Heavy institutional buying appeared near $0.20 during 11:00 session with 1.52 B tokens traded.
  • A liquidation burst at 01:54 drove $0.21 breach on 39.6 M volume as algo selling triggered stops.
  • Session stabilized around $0.21 with consistent accumulation into close.

Technical analysis

DOGE continues to oscillate within a $0.20–$0.22 band, consolidating recent 11% gains. Support remains well-defined at $0.20 with multiple high-volume rebounds. The $0.22 ceiling has now been tested three times without sustained follow-through, forming a near-term pivot for momentum traders.
Volume concentration at $0.21 indicates institutional inventory building rather than panic distribution. Should price hold above $0.21 through the next session, upside targets re-emerge toward $0.23–$0.24; failure to defend $0.20 risks a retrace toward $0.18.

What traders are watching

  • Whether DOGE can reclaim and hold $0.22 to confirm continuation toward $0.24.
  • Signs of renewed whale inflows after 1.5 B tokens accumulated near $0.20 support.
  • Corporate and regulatory headlines tied to House of Doge’s listing.
  • Broader meme-coin sentiment as XRP and SHIB trade flat on declining volume.

Author

CoinDesk Analysis Team

CoinDesk is the media platform for the next generation of investors exploring how cryptocurrencies and digital assets are contributing to the evolution of the global financial system.

More from CoinDesk Analysis Team
Share:

Markets move fast. We move first.

Orange Juice Newsletter brings you expert driven insights - not headlines. Every day on your inbox.

By subscribing you agree to our Terms and conditions.

Editor's Picks

XRP edges lower despite record on-chain activity and steady ETF inflows

Ripple is trading under pressure at the time of writing on Thursday, after bulls failed to break the short-term resistance at $2.22. The reversal may extend toward Monday’s low of $1.98, especially if risk-off sentiment persists in the broader cryptocurrency market.

Aster lags recovery as perpetual DEX releases new roadmap on infrastructure, utility and ecosystem 

Aster is consolidating above $1.05 at the time of writing on Thursday, reflecting lethargic sentiment in the broader cryptocurrency market. The token native to the perpetual Decentralised Exchange had recovered from Monday's low of $0.88 but stalled around $1.08 on Wednesday.

Hyperliquid Price Forecast: Bulls aim breakout as RSI and MACD flash buy signal

Hyperliquid struggles to surface above $35 as a local resistance trendline caps the two-day recovery run. Hyperliquid Strategies Inc. (PURR) transfered 12 million HYPE tokens to Hypercore and staked 425,000 tokens, which reflects confidence. 

Cardano builds recovery momentum as sentiment improves

Cardano is extending its recovery for the second consecutive day, trading at around $0.4400 at the time of writing on Thursday. If this recovery leg from Monday's $0.3707 level steadies in the coming days, Cardano bulls could push toward a bullish December.

Orange Juice Newsletter – Smart insights by real people. Every day.

A free newsletter highlighting key market trends to help traders stay a step ahead. Daily insights on the most relevant trading topics, compiled by our experts in an easy-to-read format so you never miss an important move.

Bitcoin: BTC steadies as data suggests local bottom

Bitcoin (BTC) hovers around $91,000 at the time of writing on Friday, extending its recovery by 5% so far this week. On the institutional front, a modest outflow from US-listed spot Bitcoin Exchange Traded Funds (ETFs) marks a slowdown from previous weeks and signals a reduction in selling pressure, further supporting BTC’s recovery.