BullishBanter
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Dogecoin ($DOGE ) is facing another sharp decline, dropping to $0.16342 after a failed attempt to sustain above $0.176. The selling pressure has intensified, leading to another big crash despite a brief recovery. The question now is whether the strong support at $0.1600 can prevent further downside or if the bearish momentum will continue to push the price lower.
If $0.1600 holds, DOGE could see a bounce-back, as this level has historically acted as a solid support zone. However, if this support fails, it could trigger more panic selling, sending DOGE toward the next key level at $0.1550 or lower. Traders should closely monitor volume and price action at $0.1600 to assess the next possible move.
Trade here on $DOGE
If $0.1600 holds, DOGE could see a bounce-back, as this level has historically acted as a solid support zone. However, if this support fails, it could trigger more panic selling, sending DOGE toward the next key level at $0.1550 or lower. Traders should closely monitor volume and price action at $0.1600 to assess the next possible move.
Trade here on $DOGE
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