Dogecoin Eyes $0.164 Lifeline as $216M Liquidation Threat Looms

Dogecoin risks triggering $216M in liquidations if it breaks $0.164. Long-term holders are accumulating, which could help stabilize price and prevent a deeper decline.

Dogecoin at Risk of $200 Million Liquidation, But These Holders May Prevent the Drop

Dogecoin (DOGE) is treading a fine line, with its price hovering at $0.169—just above a critical support at $0.164. As bearish pressure builds, market observers warn that a drop below this level could result in the liquidation of over $216 million in long positions, which would only intensify the decline.

Dogecoin Is Facing Challenges

According to recent liquidation heatmaps, if DOGE drops to $0.150, around $216 million in leveraged long positions could be wiped out. This looming threat has cast a shadow over the meme coin’s short-term outlook, particularly as it struggles to break the resistance at $0.176.

Should the price falter below $0.164, panic could ensue. Liquidations of this scale often snowball into further sell-offs, pushing prices even lower and amplifying negative sentiment among traders. The market’s appetite for risk appears thin, and many investors remain cautious in the face of macroeconomic uncertainty and crypto-specific volatility.

Long-Term Holders Step In

Despite the precarious technicals, all is not doom and gloom. Data reveals that long-term holders (LTHs) have been steadily accumulating DOGE at current price levels. The HODLer Net Position Change metric shows positive inflows, indicating a quiet vote of confidence from investors with a longer horizon.

These strategic buyers could act as a stabilizing force, providing demand where the short-term market falters. This growing base of LTHs, who see current prices as an attractive entry point, might help prevent a cascade of liquidations and potentially support a reversal in trend.

DOGE Price Correction Unlikely—For Now

At present, DOGE is range-bound, stuck between resistance at $0.176 and support at $0.164. Without a clear catalyst, price movement is expected to remain muted in the short term.

However, a successful breakout above $0.176 could unlock further upside, with targets at $0.198. Such a move would likely reignite interest among traders and encourage fresh inflows.

Conversely, a breach of the $0.164 support could pull DOGE down to $0.147, triggering mass liquidations and resetting market sentiment into a more decisively bearish stance.

With investor positioning divided between cautious optimism and defensive selling, the next few days could determine whether Dogecoin rebounds—or retraces further.

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