Dogecoin Suffers from Persistent Selling Pressure

Dogecoin is struggling to recover from its recent downturn, weighed down by persistent selling pressure. Over the past week, DOGE has shed 4.4% compared to Bitcoin's 3.2% decline.

A rare buy signal for Dogecoin has not translated into bullish price moves, and a short squeeze towards $0.080 remains elusive. The bulls' weakness and sustained selling pressure have kept prices suppressed.

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