Dogecoin Suffers from Persistent Selling Pressure

Dogecoin's price continues to feel the weight of persistent selling pressure, resulting in a decline of 1.2% over the past 24 hours.

The daily trading volume has also seen a significant drop of 10.3%, while the Open Interest has decreased by 1.3%. Compared to Bitcoin, which saw a minor decrease of 3.2%, Dogecoin's sector shed 4.4% over the past week.

A rare buy signal for Dogecoin has yet to translate into bullish price movements, as the bulls remain weak and selling pressure persists. This lack of momentum has prevented a short squeeze toward $0.080 from occurring.

The DOGE UTXO Realized Price Distribution (URPD) identified $0.081 as a key overhead resistance zone, with approximately 35 billion tokens purchased at that price level.