Dogecoin Fall to $0.21 on $8M Liquidations, $0.208 Support
Dogecoin dey trade lower for early September, e drop reach around $0.21 after $8.11 million worth Dogecoin liquidation make market wide sell-off bin reach $371 million. Most Dogecoin liquidation—about $6.98 million—na long position dem, e make short-term downside risk high. Technical analysis show say key support dey for $0.208, e don hold five times, while resistance for $0.225 dey match with 50-day simple moving average. Traders dey also watch Federal Reserve policy meeting for September 16–17, as any change for interest rate guidance fit affect risk appetite and liquidity for crypto markets. If $0.208 support break, e fit trigger more decline, but if e regain pass $0.225, e mean say e fit stabilize. Since market dey volatile, make una use correct position size and stop-loss strategies.
Bearish
Dis news dey bearish for Dogecoin. Di $8.11 million wey dem liquidate—mainly di long positions—show say people dem dey forced sell, weh fit make short-term price go down more. Historically, di same kind liquidation events (like di June 2025 altcoin sell-off) come before another 8–12% price drop. Even tho di $0.208 support don hold many times, di Federal Reserve meeting wey go happen on September 16–17 bring macro uncertainty; if dem talk dovish or hawkish, e fit affect liquidity and how people dey take risk. If price break $0.208, e fit quicken di outflows, but if price bounce pass $0.225, e mean say e fit stabilize. For long term, if rate expectations ease, e fit bring back bullish momentum, but traders need to dey careful next week and manage risk well to handle possible market wahala.