Dogecoin Price Drops 10% But Buyers Wait to Scoop Up the Dip
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Dogecoin (DOGE) price has dropped 10% recently but network activity remains high, indicating continued demand.
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Over 750 million DOGE worth of buy orders are currently placed, outweighing sell orders by 48.5 million DOGE, signaling buyers intend to scoop up the dip.
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If bulls can hold the $0.07 support level, DOGE could rebound to $0.1.
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However, resistance at $0.081 from earlier buyers could halt the rally if broken.
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If DOGE breaks above $0.1, it could target new highs, but the $0.081 level needs to be overcome first.