news 
Why Dogecoin’s $0.15 Support Remains an Ongoing Battle
Dogecoin’s charts whisper tales of fear, flight, and fragile hope as the cryptocurrency teeters on the edge of a critical support level. As the price consolidates around the $0.15 mark, the ongoing battle for this crucial line remains a contentious issue.
In just a week, a staggering 570 million DOGE have slipped from whale hands into the void, a quiet flood of capitulation that has left many investors in a state of utter dismay. The on-chain data paints a stark picture – SOPR ticks red, indicating that each coin moved marks a loss realized, a story of fading FOMO.
Despite the bearish undertone, DOGE has limited its weekly decline to merely 1.50%, as it consolidates around the $0.15 support level. According to AMBCrypto’s analysis, this resilience hints at buy-side strength – possibly from retail or mid-tier cohorts – absorbing the sell-side liquidity and softening the blow.
However, this newfound stability may be nothing more than a pause before the next leg down. As DOGE has retraced all of its post-election gains and is now trading 70% below its November 2024 peak of $0.49, it remains unclear whether this consolidation is a transient equilibrium or a confirmed reversal.
Furthermore, DOGE’s recent price stability is contingent upon the full absorption of sell-side liquidity. Until that happens, the $0.15 support level remains structurally fragile, leaving many investors on edge.
Despite the ongoing tug-of-war between various cohorts, one thing is clear – long-term holders have been accumulating Dogecoin, a key bullish signal for potential market recovery. This trend, however, is contingent upon the full absorption of sell-side liquidity and a confirmation that DOGE has broken out from its current consolidation.
It appears that this battle for $0.15 support will continue, leaving investors on tenterhooks as they await further developments.
Source: https://ambcrypto.com/why-dogecoins-0-15-support-remains-an-ongoing-battle/
