**Dogecoin Drops 7% to $0.173 Amid $22.27 Million in Daily Outflows**
*By Parshwa Turakhiya*
Dogecoin (DOGE-USD) fell nearly 7% on Sunday to around $0.173, extending a week-long decline as traders exited leveraged positions and liquidity flows turned sharply negative. The drop below the $0.18 support marks a key technical level being broken, signaling increased bearish sentiment.
Despite a 50% surge in futures trading volume, open interest declined, indicating that traders might be closing positions rather than opening new ones. Oversold signals from technical indicators suggest a potential short-term relief rally near the $0.17 mark.
The $22.27 million in daily outflows further highlights the pressure on Dogecoin as investors pull liquidity from the market.
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