Dogecoin (DOGE) is the best performer among the top 10 cryptocurrencies by market cap in the last seven days, up 12% during that period. The leading memecoin maintains its price above $0.1100 at press time on Tuesday, but could encounter selling pressure in the near term. The coin is losing retail confidence in the derivatives market despite the broader market sentiment improving. Furthermore, the technical outlook has flipped cautiously bullish for DOGE, with bulls aiming to surpass the $0.1160 resistance zone despite the overbought conditions. Derivatives data indicate declining demand for Dogecoin Dogecoin led the market charge over the weekend after adding 12% to its value in the last seven days.
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