Dogecoin News Today: Dogecoin's Foray into Football Seeks to Drive Practical Use Despite Ongoing Price Challenges

Dogecoin Bears Strengthen Hold, But This Support Area Suggests Possible Turnaround

Dogecoin (DOGE) has entered a period of downward consolidation, with sellers maintaining control near the $0.20 resistance after several unsuccessful breakout attempts, as highlighted by

. The token is currently trading at $0.19, reflecting a 3% drop over the last day, as broader economic challenges and institutional risk reduction continue to pressure altcoins, according to . Market watchers are now focusing on the $0.194–$0.196 support band, where a bounce could spark short-covering or, if buyers remain absent, lead to a sharper decline, as noted by Coindesk.

Technical signals continue to indicate a bearish trend, with the Relative Strength Index (RSI) and momentum indicators approaching oversold levels. The price has been restricted to the $0.204–$0.197 range between October 20 and 21, characterized by significant afternoon trading and algorithm-driven liquidations below $0.20, as reported by Coindesk. Should the price fall below $0.194, it could test major support at $0.187, the previous month's base, while a decisive move above $0.201 with strong volume could point to a short-term recovery, according to

.

Increased volatility across the crypto sector has intensified DOGE’s challenges. Bitcoin’s recent climb to $112,000, as mentioned in

, has offered some support to alternative coins, but cautious sentiment among institutions remains. Renewed U.S.-China tariff disputes and upcoming U.S. Treasury rules have prompted macro investors to scale back crypto holdings, adding to the pressure on , according to Coindesk. At the same time, declining inflows into the DOGE ETF and shrinking futures open interest highlight weakening bullish sentiment, as reported by .

Despite the negative market environment, a recent initiative by the

Foundation’s business branch, House of Doge, could serve as a catalyst for adoption. The organization has secured a controlling interest in Italian football club US Triestina Calcio 1918, enabling Dogecoin payments for tickets and merchandise, according to . This collaboration is designed to enhance real-world use, building on previous sports partnerships such as the INDYCAR deal. By integrating DOGE into Serie C games—which attract 3–6 million domestic viewers—the project could introduce the token to a vast audience, expanding its cultural reach, as Coinotag notes.

Opinions remain divided regarding DOGE’s short-term prospects. Some experts warn of a potential “death cross” on the daily chart, according to CoinMarketCap, while others emphasize the importance of the $0.195 support as a pivotal level. A sustained move above $0.20 could revive buying momentum, with targets of $0.25–$0.30 if macro conditions improve, as Coinpedia suggests. On the other hand, a drop below $0.16 may lead to a retest of the $0.13 lows, based on

.

With

options worth $31 billion set to expire on Halloween, the entire crypto market is bracing for increased volatility. Investors are watching closely to see whether institutional hedging or retail buying will shape DOGE’s direction. For now, the coin remains in a delicate balance, with the next few weeks likely to determine if bears maintain control or if bulls stage an unexpected comeback.