24-Hour Inflow and Outflow for DOGE Capital Inflow: $1,134,003,420
Capital Outflow: $1,328,542,419
Net Flow: -$194,538,999
Market Overview
Current Price: $0.42917
Previous Price (24h): $0.44101
Price Change (24h): -2.68%
High Price (24h): $0.45722
Low Price (24h): $0.41025 24h
Trading Volume: 676,191,196
DOGE 24h Turnover: $295,344,448
Analysis and Future Impact The significant outflow compared to inflow indicates that more DOGE is being sold than bought, leading to a net negative capital flow. This could suggest bearish sentiment among traders, potentially leading to further price declines if the trend continues. The recent price drop of approximately 2.68% over the last 24 hours, along with the high trading volume, reflects active trading but also indicates volatility. The long-to-short ratio of 2:1 suggests that there are more long positions than short positions, which could provide some support for the price if bullish sentiment returns. However, the overall negative net flow could pressure the price downward in the short term.
Conclusion In summary: the current inflow and outflow data for DOGE suggest a bearish trend, with more selling pressure than buying interest. Traders should monitor these trends closely, as continued outflows could lead to further price declines.