$DOGE price prediction – AMB Crypto Analytics

Dogecoin (DOGE) recently saw increased social media engagement, hinting at a potential bullish turn. However, sellers still dominate, and the price has tested its July low of $0.09136 as support. Technical indicators suggest further declines may be possible.

The daily chart shows DOGE nearing the $0.09136 support level, with the RSI moving into bearish territory. The DMI indicator indicates a strong downtrend, and low trading volume in August reflects weak buying interest. If support at $0.09136 fails, the next Fibonacci extension target is $0.07162.

Exchange netflow data reveals 35.15 million DOGE outflows worth $3.2 million, contributing to bullish sentiment despite ongoing selling pressure. The Open Interest remains stable, indicating persistent bearish sentiment.