The price of Dogecoin (DOGE) has fallen to $0.20, testing a support level, amid a broader market retracement that resulted in $880M worth of liquidations in the crypto market within 24 hours. The decline in DOGE price has led to the closure of numerous long positions and a decrease in open interest. There are concerns about whether Dogecoin can rebound or if it may crash further to $0.10.
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