Dogecoin is trading at key demand levels after two weeks of massive selling pressure, with bears pushing DOGE down more than 30%. The meme coin sector has been hit the hardest during this market-wide correction, which began in mid-January, and as the market leader, Dogecoin has suffered the most. Related Reading: Solana Transfer Volume Crashes To $14.5M – What’s Next for SOL? Investors have started to question the sustainability of the meme coin rally, especially as sentiment continues to weaken across the board. Glassnode metrics confirm this downward trend, revealing that Dogecoin’s open interest has dropped by 67% over the past three months. With DOGE now at a critical level, traders are watching whether bulls can step in to hold support and push prices higher. If buying pressure returns, Dogecoin could start a strong recovery rally, but if the trend continues, further liquidations and losses could follow. The next few days will be crucial as investors assess whether DOGE can recover or extend its decline in this volatile market. Dogecoin Faces Selling Pressure After this week’s market ..
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