DOGE Plunges to Critical Support as Leveraged Positions Unwind

Dogecoin (DOGE) recently reached a critical support level after a dramatic decline in value. The cryptocurrency's price had dropped to $0.086 on September 10 due to the unwinding of long leveraged positions.

The downward trend accelerated when Dogecoin's price fell below its 200-day moving average of $0.0964, causing increased selling pressure.

Analysts are now closely watching a crucial support range of $0.082-$0.084 for DOGE in the short term.