Source: CryptoNewsNet
Original Title: Dogecoin drops 4% as traders sell into strength
Original Link:
Dogecoin slid nearly 4% to $0.1426 as traders sold into rallies, with elevated volume confirming distribution rather than accumulation even as broader crypto markets held steadier.
News background
The move comes as speculative appetite across meme coins shows early signs of fatigue following a sharp start-of-year bounce. While bitcoin and major altcoins traded in relatively narrow ranges, capital rotated unevenly, leaving Dogecoin among the session’s weakest large-cap performers.
Despite intermittent optimism around longer-term DOGE catalysts — including talk of a potential spot ETF filing and renewed developer activity — near-term flows told a different story. Trading desks pointed to profit-taking after recent gains and a lack of fresh catalysts capable of sustaining momentum in the face of thinning liquidity.
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Dogecoin drops 4% as traders sell into strength
Source: CryptoNewsNet Original Title: Dogecoin drops 4% as traders sell into strength Original Link: Dogecoin slid nearly 4% to $0.1426 as traders sold into rallies, with elevated volume confirming distribution rather than accumulation even as broader crypto markets held steadier.
News background
The move comes as speculative appetite across meme coins shows early signs of fatigue following a sharp start-of-year bounce. While bitcoin and major altcoins traded in relatively narrow ranges, capital rotated unevenly, leaving Dogecoin among the session’s weakest large-cap performers.
Despite intermittent optimism around longer-term DOGE catalysts — including talk of a potential spot ETF filing and renewed developer activity — near-term flows told a different story. Trading desks pointed to profit-taking after recent gains and a lack of fresh catalysts capable of sustaining momentum in the face of thinning liquidity.