Despite the rise, the Dogecoin price is unlikely to reach $0.20 due to selling pressure. A negative cumulative volume delta (CVD) indicates that sellers have more influence on price than buyers.

However, Dogecoin's volume growth provides optimism for its long-term profitability. Strong demand for long positions, reflected in high funding rates, could push the price above $0.16.

However, lower funding rates could dampen the bullish scenario. Reaching $0.20 requires significant buying sentiment and CVD growth.#BTC #HotTrands #Dogecoin‬⁩