Dogecoin$DOGE is still trading nearly 40% higher than last week. However, the recent drop in DOGE may not just be temporary.
Currently, DOGE tokens worth over $7 billion have hit the exchanges. This is a maximum for the past six months. Increasing selling pressure could lead to further price declines. Historical data and the compression of HODL Waves indicate that the Dogecoin correction may last longer than expected.
