Altcoins News

Story: Dogecoin (DOGE) Falls 10% to $0.17 as Whales Dump $74 Million Despite Nasdaq Merger Buzz

By MikeT

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Market Excitement Fades as Traders Take Profits. Initially, the news of a Nasdaq-linked merger and DOGE creator payouts boosted optimism across…

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DOGE Tests Crucial Support Near $0.17–$0.19. From a technical perspective, Dogecoin is approaching a critical support zone between $0.17 and $0.

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Momentum Weakens but Volatility Persists. Technical indicators reflect mixed sentiment. Dogecoin’s Relative Strength Index (RSI) is…

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What Could Trigger a Reversal?. For a genuine and lasting recovery, Dogecoin needs more than headline-driven optimism — it…

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Short-Term Outlook: Range-Bound with Downside Risk. If bulls defend the $0.17 support zone and manage to reclaim the $0.21–$0.

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Dogecoin (DOGE) extended its weekly losses on Friday, sliding another 10% to trade near $0.17, its lowest level in over a month.

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The selloff comes amid broader weakness across the crypto market, with Bitcoin and Ethereum also facing declines.

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Despite recent headlines about the House of Doge planning to merge with a Nasdaq-listed company and Thumzup Media exploring DOGE-based payouts for creators, traders appeared…

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Initially, the news of a Nasdaq-linked merger and DOGE creator payouts boosted optimism across social platforms, sparking a brief price uptick earlier this week.

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Market observers noted that short-term traders used the news as an exit opportunity following recent volatility.

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According to CoinMarketCap data, Dogecoin’s 24-hour trading volume rose by over 20%, signaling heightened activity but also suggesting that most of it came from sellers exiting…

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From a technical perspective, Dogecoin is approaching a critical support zone between $0.17 and $0.19, which has historically acted as a base for short-term rebounds.

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If bulls manage to hold this support, DOGE could rebound toward $0.21–$0.23, where multiple moving averages and prior resistance levels have repeatedly capped rallies in recent…

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On the downside, failure to defend $0.17 may trigger a move toward $0.16 or even $0.15, reinforcing the current bearish trend.

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Technical indicators reflect mixed sentiment. Dogecoin’s Relative Strength Index (RSI) is currently hovering near 45, indicating fading buying pressure but not yet oversold…

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