Dogecoin (DOGE) has yet to recover from last week’s sell-off triggered by Donald Trump’s renewed threat to impose 100% tariffs on Chinese tech exports. The token fell another 6% on Oct. 14 as traders reduced exposure ahead of Federal Reserve Chair Jerome Powell’s speech on U.S. monetary policy. Despite the decline, some analysts believe DOGE is forming the same pattern that preceded its 2017 rally.
Will Technicals Outweigh Broader Economic Pressure?
Technical analyst Trader Tardigrade (@TATrader_Alan) said Dogecoin’s long-term chart resembles its 2014–2017 cycle. At the time, months of sideways movement were followed by a sharp breakout. He compared the current 2021–2026 structure to that earlier buildup phase, saying the coin may again be forming a long base before a possible upward move.
In 2017, DOGE traded quietly for most of the year before volume rose and the price took off. Analysts say a similar pattern is visible now, but warn that broader economic conditions are far less supportive than they were eight years ago. Higher interest rates, slower liquidity growth, and weaker retail inflows could delay or limit any large-scale rally.
DOGE Whales Stack Shorts Before Powell’s Speech
Large holders have become cautious before Powell’s speech in Philadelphia. Data from LookOnChain shows several wallets building short positions across major cryptocurrencies, including DOGE.
Address 0x9eec9, with about $31.8 million in realized profit, opened short positions worth $98 million across DOGE, ETH, XRP, PEPE, and Aster.
Another wallet, 0x9263, placed $84 million in shorts on Bitcoin and Solana.
A long-time Bitcoin holder increased its short exposure to about $492 million, sitting on $9 million in paper gains.
Futures data from Coinglass shows open interest in Dogecoin near $2.09 billion. This is a level that signals active participation but not excessive leverage. The funding rate stands close to +0.0027%, meaning most traders are still positioned long even after the drop.
At press time, Dogecoin price is near $0.198, down over 7% in 24 hours, after failing to hold its mid-channel level around $0.22. The RSI sits near 39, reflecting weak demand but not deep overselling.
A close below $0.18 would break the channel, likely pushing DOGE price toward $0.15. If buyers defend support and lift price above $0.22, momentum could return toward $0.25–$0.30.
Corporate Moves Build Long-Term Backing
Beyond short-term volatility, Dogecoin’s ecosystem is preparing for a structural change. The House of Doge, the commercial branch of the Dogecoin Foundation, is set to go public through a merger with Brag House Holdings, securing a future listing on Nasdaq. The deal, expected to close in early 2026, will make it one of the first publicly traded entities linked directly to Dogecoin.
The company has also partnered with CleanCore Solutions to build a corporate treasury aiming to hold 1 billion DOGE.
It is working with Bitstamp by Robinhood to manage Dogecoin’s official reserves, and with 21Shares to launch DOGE exchange-traded products in Europe and the U.S. These partnerships are gradually moving Dogecoin beyond its meme coin image toward a more mature, utility-driven framework.
