The price of Dogecoin (DOGE) has been declining, trading at around $0.23 and falling 8.55% last week. The long-to-short ratio for DOGE is below one, indicating that more traders are betting on a correction. The technical outlook suggests a potential pullback toward the $0.20 level. The price of DOGE faced rejection around its 50% price retracement level last week and continues to trade down by 4.6%. If the correction continues, DOGE could test its February 3 low of $0.20. The Relative Strength Index (RSI) on the daily chart indicates strong bearish momentum. Coinglass' DOGE long-to-short ratio is below one, reflecting bearish sentiment in the market.



Other News from Today