Dogecoin Price Faces Pressure: Is a 15% Drop Possible?

Despite recent gains, Dogecoin (DOGE) faces pressure as its price struggles to maintain momentum. While the coin has seen a notable increase this week and last month, a concerning drop in demand signals and a significant whale selling activity are putting downward pressure on the asset. analysis reveals the key factors driving this trend. The Money Flow Index (MFI), a measure of buying and selling pressure, has fallen to below 40, indicating weak demand. This coupled with increased selling by whales suggests that the market is approaching oversold conditions.