Dogecoin USD Faces Significant Headwinds Amid Broader Market Weakness

Dogecoin USD is currently facing a challenging market environment, with its price decreasing by 2.53% in the last day. This decline can be attributed to both broader cryptocurrency market weakness and technical selling pressure.

The Relative Strength Index (RSI) at 35.50 indicates oversold conditions, suggesting that selling pressure may be easing. However, the strong downtrend confirmed by the Average Directional Index (ADX) at 42.29 indicates that the bearish trend remains intact.