Dogecoin Price Struggles at $0.20 Support Amid Whale Selloff and Futures Liquidations

The Dogecoin price is fighting to hold the psychological $0.20 support as large investors continue offloading holdings and leveraged traders exit the ￰0￱ Dogecoin price briefly traded above $0.21 earlier this week, but has since slipped by more than 2%, highlighting the mounting selling pressure in the ￰1￱ Reading: Is The Dogecoin Bull Run Over? Analyst Predicts When DOGE Rallies Again According to on-chain data, whales have sold over 500 million DOGE tokens in the past week, fueling fears of further ￰2￱ selloff coincides with a sharp 61% drop in futures open interest, plunging from $5.03 billion to $1.95 billion, signaling widespread position liquidations and trader fatigue.

DOGE's price moving sideways on the daily chart.