Dogecoin is currently experiencing difficulties as it attempts to rebound from a recent decline in its value. The coin's price is holding at $0.32, marking a 32% decrease.
The interest from retail investors has been waning, which does not bode well for the cryptocurrency.
Moreover, there is activity from large holders, often referred to as 'whales', influencing the market dynamics.
Investor sentiment remains cautious, which is adding pressure to Dogecoin's ability to recover swiftly from the downturn.
