Dogecoin (DOGE) traders are becoming more cautious due to the coin's volatile nature. Over the past 24 hours, DOGE has experienced more liquidations, particularly for long traders. The total liquidation in that period was $5.32 million, with long traders seeing $3.88 million liquidated. Despite this, the Dogecoin price outlook suggests a rally is imminent. Currently priced at $0.1382, down 1.8% in the past 24 hours, DOGE's trading volume has also decreased by 21% to $1.38 billion. However, the Relative Strength Index (RSI) indicates that the retracement is natural after recent growth. Dogecoin whales are expected to accumulate more, potentially driving up the price. If the sell-off continues, DOGE may hit a floor price close to $0.1. Overall, a rebound for Dogecoin is likely in the medium to long term, with a price target set above the monthly high of $0.15.



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