Dogecoin Faces Critical Support Test Amidst Outflows

Dogecoin is grappling with a critical support level near $0.135 after a six percent decline in value, marking another month of selling pressure. The meme coin has failed to regain crucial trendlines since early October, leaving the market’s overall structure heavily tilted toward sellers. 7.7 million dollars were withdrawn from Dogecoin wallets this month as it attempts to reclaim key price levels, further exacerbating bearish conditions.