Dogecoin (DOGE) Price Holds 16 Cent Support As Bulls Defend Multi-Week Low
Dogecoin Holds Support At 16 Cents As Bulls Defend Multi-Week Low
The meme coin has managed to stabilize after a sharp drop, with high volume indicating a possible base formation above key support
Shaurya Malwa, CD Analytics July 5, 2025, 5:45 am
Key points:
- Dogecoin is holding at 16.3 cents after a 5% intraday drop amid overall market volatility.
- Despite the decline, DOGE has shown resilience and trading volume suggests potential accumulation.
- Experts expect a base to form as DOGE consolidates near previous levels and holding above $0.160 could lead to a stronger move.
Dogecoin steadied on Saturday after a sharp intraday decline, bouncing off a low of 16.1 cents to close around 16.3 cents. The 5% drop came amid broader market volatility driven by macroeconomic concerns and shifts in investor sentiment.
Despite the drop, DOGE showed signs of strength, with volume at support levels well above average, indicating potential accumulation as the market searches for direction.
