Crypto
Dogecoin Trapped at $0.08 as Sellers Dominate
Dogecoin's price has been coiling at $0.08 for several days, with taker sell flow dominating despite a long-crowded setup.
The meme coin narrative is operating on fumes, with no macro catalyst or viral moment pulling in fresh money. The Bitcoin correlation risk means any BTC softness could immediately drain the thin bid here.
According to blockchain data, the price is pinned below both the 7-day and 200-day simple moving averages, sitting at $0.09. This is not a sideways market, but rather one that has been bleeding in slow motion and is now at a critical decision level.