Dogecoin has underperformed in recent weeks and continues to trade below $0.091 on Tuesday as it started the week with mild selling, failing to break above key resistance. At the moment, DOGE’s price action remains largely range-bound, and underlying metrics are beginning to tilt bearish. The bearish performance comes amid weakening social interest and negative derivatives data. This signals fading bullish momentum, leading Dogecoin, with a neutral outlook but increasing downside risks in the near term. What on-chain and derivatives metrics show Dogecoin has lost its position as the eighth-largest cryptocurrency by market cap to Tron following weeks of poor performance. At press time, DOGE is trading at $0.09068, down by 2.5% in the last 24 hours.
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