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Dogecoin Must Reclaim Key $0.11 Level To Avoid Sell-Off

  • Dogecoin is facing a crucial moment as 60,210 addresses that collectively purchased 36.4 billion DOGE at an average price of $0.11 may be looking to avoid losses.
  • If Dogecoin fails to reclaim the $0.11 level, a sell-off could occur, as investors seek to minimize their downside.
  • Analyst Ali Martinez suggests that if Dogecoin maintains the breakout point from a falling wedge pattern, it could rebound to $0.16 in the near future.
  • Dogecoin whales have recently purchased over 1 billion DOGE, indicating confidence in a price rise.

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