- Dogecoin must hold $0.14-$0.15 to prevent extended decline.
- Market analysts emphasize the importance of this support level.
- Error in holding support may lead to further price drops.
Dogecoin’s bull run hangs on the crucial $0.14–$0.15 support level after a sharp selloff, according to analysts, with no new statements from key figures like Elon Musk.
A break below this support may lead to significant price declines, affecting meme coin market sentiment and active on-chain engagement, while holding it could trigger a reversal.
A crucial price zone for Dogecoin, identified as $0.14–$0.15, is under scrutiny following a sharp selloff. Technical specialists view this as essential for any potential rebound or further decline.
Market analysts, notably Cheds, have highlighted the importance of maintaining this support zone.
“DOGE must hold the $0.14 support level for any chance of reversal. Lose that, and the next leg could be much deeper.”No recent statements from Dogecoin core developers or Elon Musk exist regarding this situation.
The broader cryptocurrency market, including BTC and ETH, has also seen declines. Whale accumulation has decelerated, and active Dogecoin addresses increased by 32%, indicating mixed sentiment.
The financial impact is evident, with Dogecoin accounting for over $14 million in long liquidations. Rising spot volumes suggest selling pressure, reflecting broader market de-risking strategies.
A failure for Dogecoin to hold the $0.14 support may signal deeper price corrections. No substantial statements from leading institutions have been observed regarding DOGE. Activity needs careful monitoring in the coming weeks.
Potential outcomes may include intensified declines if the existing support level gives way. Historical data shows November as a typically positive period for Dogecoin, contingent on market-wide trends and significant KOL influences.
