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

Dogecoin's price fell 6.7% to $0.1605, breaking the critical $0.17 support level as large investors sold off, leading to a trading volume spike of 76% above the weekly average, indicating significant distribution. The decline was accelerated by a large sell-off of 59 million DOGE, which resulted in a last-hour price drop to $0.1600. This movement reflects a broader trend of whale rotations out of meme tokens and tightening liquidity among altcoins. A notable resistance wall was established at around $0.1702, rejecting buyers and triggering automated sell orders. Looking ahead, the focus is on whether the $0.1600 support can hold during U.S. trading hours and if further declines towards $0.1550-$0.1500 will occur, amid low demand and market volatility. Traders continue to monitor reaction to bounce attempts at key resistance levels of $0.1630 and $0.1700.

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