Dogecoin (DOGE) Struggles To Recover As Global Tensions Weigh On Markets

Dogecoin has been under heavy selling pressure in recent weeks, with global tensions and macroeconomic instability dragging down risk assets across the board.

Dogecoin price is showing signs of a potential bottom after recent selling pressure. The cryptocurrency has been hit hard by the broader market correction, which has seen risk assets come under increased scrutiny amid global tensions and macroeconomic instability.

The broader market correction, which is being fueled by fears of a global recession and escalating trade disputes, has hit meme coins especially hard—Dogecoin among them. After setting fresh local lows, DOGE now appears to be showing signs of recovery.

In a potential shift in sentiment, Dogecoin is beginning to move to the upside, testing key resistance levels that could determine the next phase of its trend. The return of bullish momentum comes as fresh on-chain data from Santiment reveals a noteworthy development: whales have bought over 80 million DOGE in the last 24 hours.

This aggressive accumulation by large holders has sparked renewed optimism, signaling growing confidence among major players despite the broader market’s uncertainty.

With volatility still elevated and DOGE sitting at a technical inflection point, the coming days will be critical. Whether this whale activity marks the start of a broader uptrend or just a temporary bounce remains to be seen—but for now, the data points to a shift in momentum that investors will be watching closely.

Dogecoin Struggles To Recover As Global Tensions Weigh On Markets

Dogecoin has been one of the hardest-hit cryptocurrencies during the recent market downturn, with the crypto losing more than 70% from December highs. Once viewed as a symbol of retail enthusiasm and viral momentum, DOGE is now leading the meme coin segment into a deeper drawdown.

Investors who had high hopes for a continuation of last year’s uptrend are now facing a reality check, as macroeconomic instability and geopolitical risk continue to put high-volatility assets under pressure.

Recently, US President Donald Trump’s escalation of tariff measures—combined with retaliatory actions from China—has heightened fears of a prolonged trade war, adding to the uncertainty in already fragile markets.

Equities, commodities, and crypto have all experienced extreme volatility, but meme coins like Dogecoin have been hit the hardest. Without a strong use case or fundamental backing, sentiment-driven assets tend to face the heaviest selling when risk aversion spikes.

However, despite the broader negativity, there are hints of accumulation that could offer hope for a turnaround. According to data shared by crypto analyst Ali Martinez, whales bought over 80 million DOGE in the last 24 hours.

This buying activity suggests that some large players are viewing the current levels as attractive entry points—even if a full recovery has yet to materialize. For now, Dogecoin remains in a vulnerable position, but rising whale interest could be a signal worth keeping an eye on.

DOGE Battles Key Resistance After 25% Surge From Local Lows

Dogecoin price is up 25% from the recent low and is now testing critical resistance. The 4-hour chart shows that Dogecoin is trading at $0.163.

The 200 moving average (MA) and exponential moving average (EMA) are both around $0.17.

A move above this level could be a sign that the short-term strength is returning and that a recovery rally is in progress. However, macroeconomic headwinds and market-wide caution may limit the upside potential.

On the other hand, if Dogecoin fails to break through $0.17 and slips below current levels, then the risk of a deeper correction remains. Such a move could push the price back toward the $0.14–$0.13 support zone, erasing recent gains.

As cryptocurrency price volatility remains high, traders will be watching to see if this key resistance level holds.