Analysis: DOGE Stabilizes at the Key Support Level of $0.16

According to ChainCatcher, citing a report from CoinDesk, Dogecoin (DOGE) found support near $0.163 after experiencing a 5% intraday decline. The price rebounded after hitting an intraday low of $0.161, with trading volume during key periods reaching 452 million coins, twice the 24-hour average.

Analysts noted that the $0.162–$0.164 range has established a short-term support base. If DOGE remains above this level, it may see stronger momentum once market sentiment improves.