Dogecoin (DOGE) has experienced a 5% decline, falling from $0.22 to $0.21 amid concerns over increased selling pressure from institutional investors. A significant transfer of 900 million DOGE, valued at over $200 million, to Binance by a whale raised fears of distribution from long-term holders. This downward trend comes alongside broader market caution, with DOGE lagging behind major cryptocurrencies like Bitcoin and Ethereum. The immediate support level for DOGE is now at $0.21, with further declines potentially exposing the $0.20 mark. Despite the selloff, Dogecoin's network security remains strong, evident in its hashrate exceeding 2.9 petahashes per second. Technical indicators show a bearish outlook with repeated lower highs suggesting a continuation of this trend unless DOGE can reclaim the $0.22 support.

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