Dogecoin Plummets, Faces Key Support Level
Update: 2025-12-16
Description
Dogecoin, the meme-inspired cryptocurrency, recently suffered a significant drop, losing a key technical level after a high-volume selloff. This move came amidst a weaker risk sentiment and less participation in higher-risk assets. The cryptocurrencys trading volume surged to 1.63 billion tokens during the selloff, confirming it was driven by large transactions. Dogecoin is currently in a fragile stabilization phase, with its short-term direction depending on whether it can hold above the 12.90 to 12.80 cents zone.
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