Dogecoin (DOGE) is trading at $0.09664, down about 1% today, as the cryptocurrency market is down over 2% amid negative economic conditions. However, Dogecoin’s trading volume has surged by 85.05% to $893.28 million.
The price remains between $0.09173 and $0.09735, with buyers active just below $0.097. This decline reflects broader market trends influenced by President Trump’s tariff increase, rising U.S.-Iran tensions, and a weakening Bitcoin.
Dogecoin Holds Key Support as Liquidations and Volume Surge
The entire crypto market moved lower after the tariff announcement intensified macro uncertainty. The market-wide drop exceeded 2% in 24 hours as traders cut exposure. Nearly $470 million in liquidations hit the market over the same period, largely from long positions. Forced unwinds accelerated the decline and contained upside attempts.
Dogecoin price tracked that flow. Open interest slipped 0.93% to $1.09 billion even as derivatives volume expanded. Total derivatives volume rose 65.74% to $1.78 billion, and options activity climbed, with options volume up 24.05% and options open interest increasing 39.16%, according to CoinGlass data.
Liquidation data shows $6.17 million wiped out over 24 hours, with $5.40 million coming from longs. Short liquidations totaled $773,620. That imbalance underscores how aggressively bullish bets were flushed during the macro shock.
Meanwhile, technical data shows that Dogecoin price continues to sit near a widely watched support band around $0.097. Whale Factor described the level as an “ultimate support,” noting two prior strong reactions from the zone and outlining upside targets at $0.15 and $0.20+ if the base holds. Price briefly dipped toward $0.09173 before recovering into the mid-$0.096 area.
For now, the Dogecoin price is consolidating just above support in a macro-sensitive tape. More news on trade and geopolitical tensions is likely needed before determining whether buyers can hold the current level or face another round of liquidation.
