BOSS Wallet data source, the latest price news for Dogecoin (DOGE), the real-time price of DOGE has risen by 3.51% to $0.31941, trading volume $2.311 billion

From the analysis of the K-line chart, it shows a downward trend at present. Compared to 14:00, there was a significant increase, but a decline compared to 12:00. The price is dropping while trading volume is increasing, which usually indicates increased selling pressure, with sellers actively selling.
This situation may suggest that the market holds a pessimistic view on future prices, or there are some negative news triggering panic selling. In this case, future prices may continue to decline due to significant selling pressure and negative market sentiment.
Investors should be wary of whether the price will break through key support levels. If the support level is breached, it may trigger a more substantial decline. With rising trading volume and falling prices, selling pressure is evident. The Williams indicator shows that the current status is oversold.
Recently, trading volume has increased, with volume rising compared to the previous few hours, while prices are falling, indicating increased selling pressure.
The rise may be a short-term rebound; selling pressure still exists, suggesting to continue observing and waiting for a clearer trend.

The above content is for reference only and does not constitute investment advice.

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