Currently, Dogecoin (DOGE) is facing critical resistance at 0.176 USD while holding above the support level of 0.164 USD. A decline to 0.150 USD could lead to 216 million USD in long liquidations, worsening market conditions.
Long-term holders (LTHs) are purchasing DOGE at low prices, indicating their belief in future price recovery. Their accumulation might cushion against drastic price drops, offering potential for stabilization despite current market volatility.
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