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Dogecoin Zips Down 7% Amid Low Risk-On Sentiment
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Shaurya Malwa
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By Shaurya Malwa, CD Analytics
Updated Jun 18, 2025, 5:13 a.m. Published Jun 18, 2025, 5:11 a.m.
- Dogecoin fell 7.5% in 24 hours amid geopolitical tensions and central bank policies.
- The cryptocurrency found support at $0.164, forming a potential base for consolidation.
- Trading volume declined sharply as the market awaits a clearer directional signal.
Dogecoin tumbled as much as 7.5% in 24 hours, sliding from $0.176 to $0.164 as markets continue to react to rising geopolitical conflict in the Middle East and hawkish central bank policy.
News Background
- Tensions between Israel and Iran escalated over the weekend, prompting a swift risk-off reaction in global markets. Crypto was no exception, with DOGE shedding nearly 8% before stabilizing above a key technical floor.
- Meanwhile, the Federal Reserve is widely expected to keep interest rates steady at 4.25%–4.50% and continuing to unwind its balance sheet.
- These macroeconomic headwinds have weighed heavily on altcoins, especially high-beta assets like dogecoin.
- Despite this, DOGE found support as buying activity returned near the $0.164 level, forming a potential double bottom pattern that some analysts view as a base for consolidation.
- With volatility cooling and volume declining, the market appears to be waiting for a clearer signal before its next directional move.
The sharpest sell-off came during the 15:00–16:00 window, where DOGE saw nearly 700 million units traded as price dropped below key support. Buyers stepped in at $0.164, lifting DOGE into a range between $0.168 and $0.171.
STORY CONTINUES BELOW
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Late-session trading showed price stabilizing above $0.170, with a bullish push at 01:21 sending DOGE to $0.1719 before fading. Price action since has traced a descending triangle with lower highs forming against flat support.
- DOGE fell from $0.176 to $0.164, a 6.7% drop, before finding support.
- Most intense selling hit during 15:00–16:00 with volume nearing 700M.
- Support formed at $0.164, followed by consolidation between $0.168–$0.171.
- Bullish push at 01:21 hit $0.1719 but was quickly rejected.
- Volume declined sharply in the final hours, with most candles under 3M.
- Descending triangle pattern formed, with resistance at $0.171 and support at $0.1705.
Disclaimer: Portions of this article were generated with the assistance of AI tools and reviewed by CoinDesk’s editorial team for accuracy and adherence to our standards. For more information, see CoinDesk’s full AI Policy.
Shaurya is the Co-Leader of the CoinDesk tokens and data team in Asia with a focus on crypto derivatives, DeFi, market microstructure, and protocol analysis.
Shaurya holds over $1,000 in BTC, ETH, SOL, AVAX, SUSHI, CRV, NEAR, YFI, YFII, SHIB, DOGE, USDT, USDC, BNB, MANA, MLN, LINK, XMR, ALGO, VET, CAKE, AAVE, COMP, ROOK, TRX, SNX, RUNE, FTM, ZIL, KSM, ENJ, CKB, JOE, GHST, PERP, BTRFLY, OHM, BANANA, ROME, BURGER, SPIRIT, and ORCA.
He provides over $1,000 to liquidity pools on Compound, Curve, SushiSwap, PancakeSwap, BurgerSwap, Orca, AnySwap, SpiritSwap, Rook Protocol, Yearn Finance, Synthetix, Harvest, Redacted Cartel, OlympusDAO, Rome, Trader Joe, and SUN.
CoinDesk Analytics is CoinDesk’s AI-powered tool that, with the help of human reporters, generates market data analysis, price movement reports, and financial content focused on cryptocurrency and blockchain markets.
All content produced by CoinDesk Analytics is undergoes human editing by CoinDesk’s editorial team before publication. The tool synthesizes market data and information from CoinDesk Data and other sources to create timely market reports, with all external sources clearly attributed within each article.
CoinDesk Analytics operates under CoinDesk’s AI content guidelines, which prioritize accuracy, transparency, and editorial oversight. Learn more about CoinDesk’s approach to AI-generated content in our AI policy.
