Dogecoin (DOGE) continued its downward trend on Wednesday, trading below the $0.0800 level after falling 9% this week. The leading meme coin is now on track for its seventh consecutive week of losses as risk-off sentiment across the broader cryptocurrency market weighs heavily on speculative assets. Weakening retail participation, declining futures activity, and a lack of institutional inflows are adding pressure to DOGE’s already fragile price structure. However, technical indicators suggest the token may be approaching a pivotal support zone that could determine its next major move. Retail interest fades as Open Interest drops Dogecoin appears to be losing traction among retail traders as investor sentiment deteriorates across the crypto market.
Source: Read the original article
