Analysis: DOGE stabilizes at the key support level of $0.16
According to ChainCatcher news reported by CoinDesk, DOGE (Dogecoin) found support around $0.163 after experiencing a 5% intraday fall. After hitting a low of $0.161 during the session, it rebounded, with a key trading volume of 452 million coins, which is twice the 24-hour average.
Analysts point out that the 0.162-0.164 dollar range has formed a short-term support base. If it maintains above the current level, a stronger trend may emerge after market sentiment improves.