The post Dogecoin Tests Critical $0.16 Support as Meme Coin Rally Fades After Trump Comments appeared on BitcoinEthereumNews.com.

James Ding
Nov 17, 2025 15:17

DOGE price retreats to $0.16 support level following last week’s 5.2% surge driven by speculative asset interest after Trump’s tariff comments, with technical indicators showing bearish momentum.

Quick Take • DOGE trading at $0.16 (down 0.1% in 24h) • Consolidating after 5.2% surge on November 10 driven by Trump tariff comments • Testing key support at $0.16 pivot point with bearish momentum indicators • Following broader crypto weakness as Bitcoin declines Market Events Driving Dogecoin Price Movement The primary catalyst affecting DOGE price this week came from November 10, when former President Trump’s comments on tariffs sparked a 5.2% surge to $0.1811 as investors rotated into speculative assets. This move broke through the $0.1800 resistance level and boosted meme coin sentiment across the sector. However, the momentum has since faded, with Dogecoin technical analysis showing the asset has retreated to current levels around $0.16-$0.17. The November 13 trading session saw DOGE price cling to the $0.17 level amid broader market uncertainty, with no significant catalysts emerging to sustain the previous week’s gains. Trading activity has been primarily driven by technical factors in recent sessions, as the initial enthusiasm from the Trump-related speculative asset rotation appears to have dissipated. The lack of follow-through buying suggests the rally was more sentiment-driven than fundamental. DOGE Technical Analysis: Bearish Momentum Building Price Action Context DOGE price currently sits below all major moving averages, with the 7-day SMA at $0.16 providing immediate support. The asset is trading significantly below its 20-day ($0.17), 50-day ($0.20), and 200-day ($0.21) moving averages, indicating a longer-term bearish structure remains intact. The 24-hour trading volume of $226.8 million on Binance spot market shows moderate institutional interest, though well below the elevated levels seen during the November…

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Filed under: News - @ November 17, 2025 11:25 pm