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Dogecoin Plunges 8% Before Whale Buying Stabilizes at DOGE Prices $0.25

Dogecoin experienced a significant drop of 8% as large holders, known as whales, sold off their holdings when the price faced resistance at $0.27. This sell-off led to a dip to approximately $0.25, but subsequent buying activity, particularly from institutional investors, stabilized the price. The trading environment remains volatile due to macroeconomic conditions, with traders closely monitoring whether the $0.25 support will hold or if a further decline to $0.24 might occur. ETF filings from firms like Grayscale contribute to ongoing institutional interest in Dogecoin, even as broader cryptocurrency discussions focus on bitcoin and ether. Additionally, mining investments indicate growing confidence in Dogecoin's long-term value. Resistance at $0.27 continues to limit upward movement, while $0.25 serves as a critical structural support level. Traders are now looking to see if DOGE can break through resistance in the future or if it will retrace further amid fluctuating market conditions.

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Bitcoin to $140K by Month End? Bullish Hopes Remain Even as Tuesday Drop Sends ETH, XRP, SOL Down 5%

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A ‘spooky’ Ethereum correlation suggests an imminent breakout

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