Dogecoin May Test Lower Supports at $0.15 After 5% Drop Tied to Bitcoin Volatility

• Dogecoin’s price fell 5.2%, losing the $0.18 support due to Bitcoin’s broader market correction.

• Whale accumulation of 15.1 million DOGE tokens contrasted with retail selling, failing to break $0.20 resistance.

• On-Balance Volume hit a new low in October, signaling sustained bearish momentum with potential supports at $0.15 and $0.13.

Dogecoin price drop: Explore why DOGE fell below $0.18 amid BTC volatility. Key supports ahead and trading insights for investors. Stay updated on memecoin trends.

Why Did Dogecoin Experience a Price Drop?

Dogecoin price drop was triggered by Bitcoin’s recent volatility, which saw BTC dip below $108,000 on November 3, pulling the entire cryptocurrency market lower. At press time, DOGE traded at approximately $0.161, having lost its critical $0.18 support zone after a 5.2% decline over the past 24 hours. This movement aligns with broader market corrections, where memecoins like DOGE often amplify Bitcoin’s trends due to their high volatility.

What Role Did Market Indicators Play in Dogecoin’s Decline?

The On-Balance Volume (OBV) indicator for Dogecoin reached a new low during the second week of October, lower than levels seen in the prior three months, according to analysis from TradingView data. This drop in OBV highlights a clear shift toward selling pressure, as volume failed to support price recovery despite some whale buying activity. Experts note that such divergences often precede extended bearish phases in altcoins.

Additionally, the Awesome Oscillator formed a bearish crossover following mid-October’s market crash, further confirming downward momentum. Short sentences like this reveal how buyers struggled to regain control, with retail investors offloading positions while larger holders accumulated 15.1 million DOGE tokens valued at $2.9 million last week. Data from on-chain analytics platforms underscore this mixed sentiment, where institutional interest clashed with widespread fear among smaller traders.

The resilience of the $0.20 resistance level exacerbated the decline, preventing any meaningful rebound. As Bitcoin approached the psychological $100,000 mark, correlated assets like DOGE faced amplified losses, with liquidation events adding to the downward spiral.

Source: DOGE/USDT on TradingView

The 1-day chart illustrates how Dogecoin’s bulls maintained only a fragile hold on the $0.18 level before Bitcoin’s correction pushed prices lower. This predictable breakdown, foreshadowed by OBV trends, left little room for immediate recovery as selling intensified across the board.

How Might Liquidation Data Influence Dogecoin’s Future Price?

Liquidation heatmaps from CoinGlass reveal clusters of long positions at levels around $0.172, suggesting potential for further downside if these are triggered. Over the past week, DOGE’s price action has repeatedly built liquidity above key zones before cascading lower, as seen on October 28-29 and November 1-2. This pattern indicates a high probability of continued volatility, with traders eyeing deeper corrections if Bitcoin tests $100,000.

Supporting data shows that long liquidations dominated recent sessions, eroding bullish sentiment. For instance, the heatmap highlights overhead liquidity pockets that, once tagged, often lead to sharp drops as stop-loss orders activate. While whale accumulations provide some counterbalance, the overall structure points to bearish continuation unless broader market catalysts emerge.

Source: CoinGlass

In this context, Dogecoin’s price drop could extend toward $0.15 or even $0.13 if liquidation cascades intensify. Analysts from platforms like COINOTAG have observed similar dynamics in past cycles, where memecoins suffer outsized losses during Bitcoin-led pullbacks. Monitoring these heatmaps remains essential for anticipating short-term swings.

Frequently Asked Questions

What Caused the Recent Dogecoin Price Drop in November 2025?

The Dogecoin price drop in November 2025 stemmed primarily from Bitcoin’s volatility on November 3, which breached $108,000 and triggered widespread selling. DOGE lost 5.2% in 24 hours, falling below $0.18 support as OBV indicated strong bearish volume, with next levels at $0.15.

Will Dogecoin Recover from Its Current Price Drop Soon?

Dogecoin’s recovery from the current price drop depends on Bitcoin stabilizing above $100,000. While whale buys offer hope, persistent selling pressure and liquidation risks suggest a potential pause or further dip to $0.13 before any upward reversal, based on recent on-chain data.

Key Takeaways

• Dogecoin’s Sharp Decline: A 5.2% drop in 24 hours breached $0.18 support, driven by Bitcoin’s correction to $104,100, highlighting memecoin sensitivity to BTC trends.
• Indicator Signals: OBV reached new lows in October, with Awesome Oscillator showing bearish crossovers, confirming sustained selling over buying pressure.
• Liquidation Risks: Heatmaps point to overhead liquidity at $0.172; watch for potential tests leading to deeper falls toward $0.15 or $0.13 if patterns repeat.

Conclusion

The recent Dogecoin price drop underscores the interconnected volatility within the cryptocurrency market, particularly how Bitcoin’s movements dictate memecoin trajectories like DOGE’s. With supports at $0.15 and $0.13 in sight and indicators like OBV signaling caution, investors should prepare for possible extended corrections. As market dynamics evolve, staying informed on key levels and Bitcoin’s path will be crucial—consider monitoring these trends closely for informed trading decisions ahead.