Can Dogecoin Break Free From Bearish Pressure?

Dogecoin (DOGE) is currently trading around $0.19, experiencing a dramatic shift in market sentiment as bearish pressure weighs on the asset. Daily trading activity has soared by over 67%, with volume reaching $2.78 billion, fueled by heightened volatility. The meme coin’s market cap, now valued at $29.29 billion, has dipped by 2.1% as a consequence of the broader crypto market’s decline. 3.26% decline in price highlights the vulnerability to bearish trends.