Dogecoin Could Test $0.208 Support After Nearly $7M in Long Liquidations, Faces $0.225 Resistance

• Dogecoin saw $8.11M in 24h liquidations, mostly longs.

• Market-wide liquidations reached $371M in the last 24 hours (CoinGlass data).

• Key support at $0.208 held five times; immediate resistance near $0.225 (daily SMA 50).

Dogecoin price drops as liquidations mount; monitor $0.208 support and Fed Sept. 16-17. Read the latest DOGE market update with action steps.

What is the current Dogecoin price outlook?

Dogecoin price is trading lower in early September, down to approximately $0.21 as selling pressure swept the market. Short-term outlook is cautious: $0.208 is acting as critical support while the $0.225 area, near the daily SMA 50, is the next resistance to watch.

How are recent liquidations affecting Dogecoin price?

Market-wide liquidations reached $371 million over the last 24 hours, according to CoinGlass. Dogecoin-specific liquidations totaled $8.11 million: about $6.98 million in long liquidations (≈32,924,528 DOGE) and $1.13 million in short liquidations. Large long liquidations increase near-term downside risk for DOGE.

The decline in DOGE followed a high near $0.221 on Aug. 31 and marks two consecutive daily drops. The forced exits of leveraged long positions have amplified intraday volatility.

Why is September important for crypto traders?

September is historically weaker for crypto markets, and participants are positioning ahead of key macro data and the Federal Reserve meeting scheduled for Sept. 16–17. Fed guidance could shift risk appetite and liquidity, directly affecting speculative assets like Dogecoin.

Frequently Asked Questions

How much did Dogecoin lose in liquidations in the last 24 hours?

Dogecoin liquidations totaled $8.11 million in the last 24 hours: roughly $6.98 million in long liquidations and $1.13 million in shorts, increasing near-term downside pressure for DOGE.

Will the Fed meeting on Sept. 16-17 affect Dogecoin?

Yes. The Fed’s guidance on interest rates and liquidity can shift risk appetite across crypto markets, making the Sept. 16-17 meeting a potential catalyst for broader moves in DOGE price and volatility.

Key Takeaways

• Immediate risk: Dogecoin faced $8.11M in liquidations, mainly longs, contributing to a drop to ~$0.21.
• Technical levels: $0.208 is critical support; $0.225 (daily SMA 50) is immediate resistance.
• Macro watch: Fed policy outcomes around Sept. 16-17 could materially impact market direction.

Conclusion

Dogecoin price is under pressure as early-September selling triggered significant liquidations. Traders should watch the $0.208 support and the $0.225 resistance near the daily SMA 50 while monitoring macro catalysts ahead of the Fed meeting. Stay risk-aware and prioritize position sizing and stop management.

The crypto market is seeing selling pressure in early Tuesday session with the majority of crypto assets trading lower or posting minor gains.

According to CoinGlass data, crypto liquidations have totaled $371 million in the last 24 hours, the majority of which were long positions.

Dogecoin has seen a drop since the week’s start, dropping for two consecutive days since the Aug. 31 high of $0.221.

Around the time of writing, DOGE was trading down 2.97% in the last 24 hours to $0.21, in line with the broader crypto market drop at September’s start.

The decline has caught bullish traders expecting a price increase unawares, resulting in significant long liquidations.

In the last 24 hours, Dogecoin has seen a total of $8.11 million in liquidations; $6.98 million or nearly 32,924,528 DOGE accounted for long liquidations, while short liquidations came in at $1.13 million.

Market awaits major move

The crypto market is yet to make a major move as traders seem to be positioning for September, historically believed to be the weakest in the year for crypto.

The outlook remains highly uncertain in September, but key macroeconomic data releases could shape Fed policy. In this light, investors are looking toward the Federal Reserve’s Sept. 16-17 policy meeting.

On what comes next for Dogecoin’s price, investors are watching the broader market sentiment, and key resistance and support levels will also be watched.

According to Ali, a crypto analyst, Dogecoin defended the $0.208 support five times now, with this level now proving crucial for the next move. The $0.225 level, which coincides with the daily SMA 50, remains an immediate short-term barrier.

Author: COINOTAG Newsroom | Published: 2025-09-02 | Updated: 2025-09-02