Dogecoin Drops to $0.25 Amid Heavy Institutional Selloff

Dogecoin (DOGE) faced a sharp overnight selloff during the September 21–22 session, plunging from $0.27 to $0.25 as institutional traders unloaded positions on record-breaking volume. More than 2.15 billion tokens changed hands, far surpassing the 24-hour average of 344.8 million and signaling heightened market stress.

The steep decline sliced through key support levels and established fresh resistance near $0.27. DOGE is now consolidating around $0.25, where institutional buying has provided a temporary floor. Analysts caution that a breakdown below this support could trigger further losses toward $0.23, while recovery efforts face resistance zones at $0.28–$0.30.

Despite the selloff, some traders are watching for bullish signals. Technical analysts point to a recurring “1-2 pattern” that has historically preceded Dogecoin rallies into higher ranges. Volume spikes during short-lived rebounds also suggest potential accumulation, hinting at renewed buying interest.

Over the past 24 hours, DOGE fell about 7%, marking one of its sharpest pullbacks in recent weeks. Price action covered an 8% range, from a $0.27 high to a $0.25 low, with the final hour of trading showing a narrow consolidation band at $0.25. This tight channel, along with intermittent volume surges at 01:25 and 02:03, indicates cautious accumulation.

Traders remain focused on whether $0.25 can hold as durable support after the record liquidation flows. Any sustainable bounce will require follow-through volumes and institutional positioning above the $0.28–$0.30 band. Meanwhile, broader crypto sentiment remains influenced by ETF delays and ongoing regulatory uncertainty, which may continue to weigh on recovery prospects.

At present, Dogecoin’s resilience around $0.25 is being tested. The next sessions will be crucial in determining whether this is a bottoming phase or the start of a deeper correction.