Dogecoin faces supply overhang as persistent selling pressure weighs on price

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Dogecoin fell 1.2% in the past 24 hours, with daily trading volume down 10.3% and Open Interest declining 1.3%. The memecoin sector shed 4.4% over the past week, underperforming Bitcoin’s 3.2% decline. Approximately 35 billion tokens were purchased at the $0.081 resistance level, continuing to cap any bullish recovery. With the RSI at 42 and the OBV at local lows, selling pressure remains sustained and key support levels to watch are at $0.088, $0.078, and $0.057.

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Telemac
Telemachttp://cryptoinfo.ch
Passionné de nouvelles technologies, j’explore l’univers de la blockchain et des cryptomonnaies pour partager l’actualité et les innovations du secteur.

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