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    Dogecoin Dips 5% as Key Support Breaks Below $0.126

    2 Mins Read Altcoin news

    Dogecoin (DOGE) fell roughly 5% to $0.125, breaking below a critical support zone around $0.126, triggering a wave of long liquidations. The decline was accompanied by elevated trading volume, highlighting selling pressure as former support levels have now turned into resistance.

    Traders are closely watching $0.124 as the near-term line in the sand, with a breach potentially opening the door for further declines toward the $0.123 to $0.122 area. The breakdown reflects broader market weakness, particularly among memecoins, which often amplify swings in volatile conditions.

    Technical analysis shows that DOGE failed to hold its consolidation floor, and the price now faces resistance on any rebound attempts from the previous $0.126–$0.127 zone. Analysts suggest that maintaining key support levels is critical to prevent a deeper slide, with short-term momentum favoring sellers.

    The current trend underscores the importance of monitoring liquidation levels and technical support zones in memecoin trading, as price reactions to failed support often lead to rapid and amplified moves. Traders are advised to watch these thresholds for potential buying or risk mitigation opportunities.

    Disclaimer

    This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss.

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