Dogecoin is encountering challenges as its price has dipped by 2% in the past 24 hours. This downturn has erased its weekly gains, pushing the one-week performance into negative territory. On-chain indicators are raising concerns that Dogecoin’s decline may not be over yet. Analysts are eyeing potential exit signals from key cohorts of investors, which could trigger further selling pressure. Market participants should remain vigilant as the situation unfolds, given the volatility intrinsic to the cryptocurrency market.