Dogecoin Price Hits Historic Support After Major Weekend Liquidation Event
The Dogecoin price experienced a sharp decline over the weekend due to a major liquidation event. This drop has brought Dogecoin back to a historically significant support level.
- According to DOGECAPITAL's analysis, the current price level was last seen during the COVID crash in March 2020, marking a Cycle 2 bottom.
- This previous low led to a significant rally, with Dogecoin surging approximately 540 times over the following 420 days.
- DOGECAPITAL suggests that if Dogecoin remains above this support area, it could potentially start a new upward trend.
- Traders are closely monitoring for signs of strength that might indicate another bullish cycle.
