Dogecoin faces a sell wall – Will smart money hold or fold at $0.17?

Dogecoin is currently trading around $0.1680, showing a loss of 31% since May. Approximately 30% of DOGE addresses are holding at a loss, further exacerbating the sell-off as over $800 million in losses have materialized within three days.

The critical question is whether short-term holders will maintain their positions or capitulate further. If DOGE cannot hold $0.17, there is a substantial risk of slipping below this support, creating challenges for recovery.