🐕 DOGE Price Outlook: Dogecoin (DOGE) shows bearish signals as it hovers at $0.383 support. Market sentiment remains uncertain, raising doubts about a potential rally.
📉 Technical Analysis: DOGE has retested its breakdown level. A daily close below $0.38 could lead to a 15% drop, targeting $0.31. RSI at 50 suggests a potential reversal.
📊 Trader Sentiment: On Binance, 83.68% of traders hold long positions, reflecting strong bullish sentiment. Coinglass data shows a 5.13 long/short ratio, supporting the $0.383 level.
📉 Current Momentum: DOGE trades at $0.39 (-2.65% in 24h) with a 26% drop in trading volume, signaling reduced investor participation as bearish pressure builds.
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