DOGE Price News: Prints Lower-Low Sequence as $0.17 Resistance Locks In

Dogecoin (DOGE) experienced a price drop of 6.7%, falling to $0.1605, breaking key support levels as large investors sold off. The spike in trading volume, which surged 76% above the weekly average, indicated significant distribution activity rather than retail trading. A significant sell-off of 59 million DOGE in the final hour contributed to the decline, which saw prices reach as low as $0.1600. This movement follows a trend where large investors have been rotating out of meme assets, coinciding with tighter liquidity conditions across other major altcoins. As a result, the $0.17 level is now seen as a firm resistance barrier with the next support level potentially at $0.1550–$0.1500. The technical outlook remains bearish, suggesting a risk of further declines unless significant market catalysts emerge.

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