Dogecoin Leads Crypto Market Recovery After Record $19 Billion Flash Crash

The cryptocurrency market is showing signs of recovery after a weekend of intense volatility that triggered a historic $19 billion in liquidations on Friday. The sudden downturn, driven by tariff-related concerns, marked one of the largest flash crashes in crypto history, wiping out billions in leveraged positions across Bitcoin, Ethereum, and altcoins.

Dogecoin (DOGE), one of the hardest-hit cryptocurrencies, plunged to a low of $0.15 — its weakest level since June — after falling from a recent peak of $0.27 on October 6. However, DOGE investors are now breathing a sigh of relief as the meme coin makes a strong comeback. On Sunday, Dogecoin recorded its first green candle in three days, signaling renewed bullish momentum.

The token surged from $0.18 to $0.214, reclaiming the crucial daily 200-day simple moving average (SMA) at $0.206. This marks an impressive 13% daily gain as bargain hunters and retail traders jumped back in, seeing discounted valuations as an opportunity to buy the dip.

The broader crypto market is also stabilizing, with major assets such as Bitcoin, Ethereum, XRP, and Shiba Inu posting modest gains after the extreme sell-off. Analysts suggest that the rebound reflects improving sentiment and technical corrections following the liquidation wave.

Dogecoin’s recovery highlights investor resilience and the market’s capacity to rebound from steep declines. As traders monitor price action closely, DOGE’s next challenge will be maintaining momentum above its 200-day SMA to confirm a sustained uptrend.

With the crypto market gradually regaining stability, investors remain optimistic that the worst of the volatility is over, setting the stage for potential upward movement in the coming days.