CandleFocus

Dogecoin (DOGE) Loses $150 and Stays Bullish, Here's How

Author: Content Editor
A recent withdrawal of $150 million worth of Dogecoin from exchanges has led to a decrease in the supply on these platforms. This suggests that holders are removing their assets for long-term storage, potentially reducing sell pressure. As a result, there may be a volatility squeeze where prices stabilize before suddenly spiking. Currently, Dogecoin is trading at around $0.192 and is facing immediate resistance at $0.20. Breaking this resistance could lead to further gains, but if it fails, support levels at $0.15 and $0.12 may be retested. The transaction data also shows significant institutional or whale activity, indicating possible accumulation. Overall, the price outlook for Dogecoin appears bullish, especially if it can hold at its support level of $0.155.

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