Dogecoin broke below key $0.1940 support during Tuesday’s session, sliding 5.5% to $0.1843 as institutional selling overwhelmed buyers. The breakdown came on a sharp 180% volume surge that underscored renewed distribution pressure across the meme coin sector amid risk-off sentiment in broader crypto markets.
News Background
- DOGE fell from $0.1951 to $0.1843, marking one of its steepest one-day declines this month.
- The move unfolded within a $0.0174 trading range, equating to 9.4% intraday volatility, as market participants unwound leveraged positions following repeated rejections at overhead resistance.
- Trading activity spiked to 1.17 billion tokens, nearly 180% above daily averages, as sell-side flows accelerated through midday hours. Volume sustained above 995 million for several…more
Source www.coindesk.com
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