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

Dogecoin's price fell by 6.7%, hitting $0.1605 and breaking through key support levels as major investors sold off. Trading volume surged to 76% above the weekly average, indicating a significant distribution rather than typical retail activity. The drop was climaxed by a notable sell-off of 59 million DOGE, leading to a final hour decline to $0.1600. The price action reflects a lower-high structural trend that signals bearish continuation, with immediate support at $0.1600 and the next liquidity pocket between $0.1550 and $0.1500. Resistance levels now stand at $0.1630 and a stronger supply zone between $0.1702 to $0.1714. Traders are closely watching whether the $0.1600 support holds and the behavior of liquidity as broader market volatility unfolds.

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