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Analysis: DOGE Stabilizes Around Key Support Level at $0.16

Summary: According to CoinDesk, Dogecoin (DOGE) found support near $0.163 after experiencing a 5% intraday decline. After hitting a low of $0.161, it rebounded with a trading volume of 452 million coins during a key period, double the 24-hour average. Analysts point out that the $0.162-$0.164 range has formed a short-term support base. If it holds ...

According to CoinDesk, Dogecoin (DOGE) found support near $0.163 after experiencing a 5% intraday decline. After hitting a low of $0.161, it rebounded with a trading volume of 452 million coins during a key period, double the 24-hour average. Analysts point out that the $0.162-$0.164 range has formed a short-term support base. If it holds above this level, it may see stronger momentum once market sentiment improves.

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