DOGE dipped 2.9% to $0.2279 following Trump’s proposed 50% EU tariffs and 25% iPhone levies, but found strong support at $0.2250. The meme coin’s stability contrasts with Bitcoin’s sharper decline, suggesting traders view DOGE as a relative safe haven during traditional market turbulence.
Analysts note Dogecoin’s 1.13 million holder base continues accumulating during dips, preventing deeper price erosion. Derivatives data shows open interest rising 8% despite the drop, indicating traders are positioning for volatility rather than outright bearishness.
The tariff news created a liquidity crunch across crypto markets, but DOGE’s established community and low transaction fees make it attractive for small-scale transfers. Technical charts suggest consolidation between $0.22-$0.24 could precede next directional move.
