$DOGE Price Analysis
DOGE price has been stagnant below $0.17. But will it break out successfully?
DOGE’s OI has been trending downward since May 27, falling below $900 million at press time. The decline indicates underlying bearish sentiment on DOGE’s price outlook.
Downward spot CVD (cumulative volume delta) from May 27 further shows the market leverage of sellers.
However, DOGE is heading towards a critical short-term support level near $0.15. A rebound in short-term demand could push DOGE towards $0.17 or $0.2 in short-term supply.
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