Dogecoin Steadies at $0.070 Amid Bullish Signals

Dogecoin (DOGE) stabilized at $0.070 on Tuesday after falling 3.5% last week, but still remains below its major exponential moving averages.

Despite this, stronger derivatives readings and bullish momentum divergences suggest that selling pressure may be easing.

Cryptocurrency commentator David Gokhshtein criticized traders for chasing meme coins while showing limited support for established ones like DOGE, Shiba Inu (SHIB), and PEPE.

Gokhshtein argued that the sector would perform better when its largest and most recognized assets gain traction.