🚨 $DOGE cae 11% today: institutional pressure and massive liquidations halt its momentum

📊 Current price and clear technical structure

Dogecoin is trading around $0.24, having plummeted from $0.26 to $0.24 (~‑11%) during Wednesday's session. The intraday range extended over a volatility of 12%, with clear rejections at the resistance of $0.25–$0.26 and important support at $0.23. The token closed near the day's low, indicating a bearish bias in the short term.

⚙️ Key factors

It was heavily sold with more than 2.26B DOGE traded during the sell-off, creating severe technical pressure.

Analysts indicate that the movement was driven by a general market correction and institutional profit-taking after recent high exposure.

The breakout at levels like $0.26 is also rejected, a key technical area that has yet to be reclaimed.

🔧 Technical level of the day

📌 Support: $0.23–$0.24 (intraday low)

📌 Resistance: $0.25–$0.26 (rejected area after rally)

🎯 Critical zone: closing above $0.24 would allow for a rebound towards $0.26; if this support fails, there is a risk of falling towards $0.21 or even $0.20.

🌐 Institutional outlook / macro view

Despite the correction, the overall sentiment continues to lean towards a possible technical rebound. Models like Grok AI project that DOGE still has the strength to retake targets of $0.32–$0.45 if it can maintain key supports and the institutional narrative recovers. The current correction could be an opportunity if it stays in the range of $0.23–$0.24.

Will you take advantage of this drop to accumulate DOGE ($0.24) or are you waiting for a rebound signal before entering? 👇

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