Selling pressure increased in Dogecoin, and a decline is being experienced.

Dogecoin Declines Under Selling Pressure

Dogecoin has declined by 5% following the Federal Reserve's interest rate cuts. Investors are responding to the bank's cautious remarks regarding future monetary easing strategies and internal disagreements. Dogecoin has fallen below the $0.1310 support level, confirming a shift towards a bearish market trend with increasing trading volume.

The $0.1310–$0.1315 range has now been established as a new resistance area. If trading volume remains high during declines, the likelihood of further decreases increases. Investors continue to closely monitor the effects of this situation on the market.