Dogecoin remains stress tested as volatility fuels fresh liquidations
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The DOGE price hit $0.4761 earlier in the month as the market rallied, with anticipation building for new peaks. This boosted the confidence of some traders who went long on DOGE. However, price fluctuations have impacted projections. The meme coin has struggled to rebound after falling below the $0.3780 price.
As of this writing, DOGE's price was trading at $0.3171, a 5.46% decrease in the last 24 hours. Trading volume has also dipped significantly by 21.48% to $2.59 billion. This aligns with the liquidation numbers registered on the Dogecoin market in the last 24 hours.by U.Today, Dogecoin whales recently acquired 270 million DOGE valued at $89.64 million. The whales took advantage of the latest price dip and might have purchased as the coin continued consolidating.
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