Analysis: DOGE Stabilizes at the Key Support Level of $0.16
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According to ChainCatcher, citing a report from CoinDesk, Dogecoin (DOGE) found support near $0.163 after experiencing a 5% intraday decline. The price rebounded after hitting an intraday low of $0.161, with trading volume during key periods reaching 452 million coins, twice the 24-hour average.
Analysts noted that the $0.162–$0.164 range has established a short-term support base. If DOGE remains above this level, it may see stronger momentum once market sentiment improves.
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