#加密市场反弹#   Dogecoin at Risk of $200 Million Liquidation: Holders May Prevent Fall

The Dogecoin price has been struggling to gain momentum recently, failing to break key resistance levels. DOGE is sitting at $0.169, just above critical support at $0.164.
This lull points to the potential for further declines, but major investors are still holding strong.
Dogecoin Faces Challenges
The liquidation map shows that approximately $216 million worth of long positions could face liquidation if Dogecoin’s price drops to $0.150. That price is not far from the current critical support level of $0.164.
If DOGE falls below this level, liquidation of long contracts could trigger further sell-offs and push the price down even further. This could create more bearish sentiment among traders and discourage new investments in the meme coin.
Also, the threat of liquidation is a major concern as the price is trading near critical support levels. If DOGE continues to weaken, traders may be tempted to close their positions, further exacerbating the downtrend.
On the other hand, long-term holders (LTHs) of Dogecoin appear focused on accumulating the asset at its current low price.
HODLer net position change indicates that the number of LTHs holding confidence that the price will eventually recover is increasing. As DOGE remains relatively cheap, these investors view the current conditions as a potential opportunity for future gains.
This accumulation of LTHs can act as a buffer against further price declines. Their confidence in Dogecoin’s recovery and long-term potential is helping to maintain current price levels. If these holders continue to accumulate, this could prevent a sudden drop and even pave the way for a future price recovery.
DOGE Price Correction Unlikely
Dogecoin is trading at $0.168, which is just above the critical support level of $0.164. The altcoin has failed to break the $0.176 resistance for several days and is showing signs of stagnation.
The likely outcome would be a continued price stagnation above $0.164 as investors wait for a potential catalyst for an upward move.
If Dogecoin manages to break the $0.176 resistance, it could quickly rally to $0.198. This would signal a positive shift in sentiment. This would likely encourage more buying activity and help push the price higher.
However, without sufficient momentum, DOGE will remain stuck in its current range and likely face further price stagnation.
If the price falls below $0.164, it could slide to $0.147 in the coming days. It could trigger more than $216 million in long liquidations. This scenario would signal a downtrend and invalidate Dogecoin’s bullish outlook.
The coming days will be critical in determining whether DOGE can recover or continue its decline.