DOGE Price News: Prints Lower-Low Sequence as $0.17 Resistance Locks In
CoinDesk
Dogecoin fell 6.7% to $0.1605, breaking key support as high trading volume signaled distribution by large investors.Summary
Dogecoin (DOGE) slid 6.7% to $0.1605, breaking the critical $0.17 support level due to selling pressure from large investors, indicated by a 76% surge in trading volume above the weekly average, suggesting distribution rather than retail buying. A significant 59 million DOGE sell-off in the final hour pushed the price down to $0.1600. Technical analysis shows a lower-high structure, with $0.1600 as immediate support, while overhead resistance is firmly established between $0.1702 and $0.1714 following the failure to break past a large supply wall near $0.1702. Traders are watching if $0.1600 can hold or if selling pressure will push DOGE toward the $0.1550–$0.1500 liquidity pocket.
(Source：CoinDesk)