Dogecoin Fall Go $0.22 Support Amid $782M Volume Surge
Dogecoin (DOGE) drop 4% overnight, e don fall from $0.23 to test critical $0.22 support level as $782 million increase for trading volume trigger stop-loss cascade. Dis sell-off na part of bigger $1 billion crypto liquidation wave wey strong US inflation data cause, wey kill hopes for Fed rate cut. Even tho price drop, institutional investors add about 2 billion DOGE (about $500 million) this week, bring reported holdings to 27.6 billion tokens. Technical indicators show immediate resistance at $0.23 and big breakout level at $0.25. Traders dey watch if continued institutional buying fit stabilize DOGE or if drop below $0.22 go push price down to $0.21.
Bearish
Dogecoin don sharply drop 4% plus di $782 million volume dey spike with di bigger $1 billion liquidation wave na show say people plenty dey sell am and market no too gree risk. When e break di $0.23 support, e kill di old bull structure, make $0.22 be di new short-term floor and e fit still fall reach $0.21. Even though institutional people dey gather small, di big wahala from US inflation and Fed wahala still resemble old times wey people give up, mean say e fit still dey go down for now. Long time recovery go depend on how e fit come back between $0.23 and $0.25 and if people fit trust am again.