Dogecoin (DOGE) is showing signs of a potential recovery, with technical and on-chain indicators suggesting a shift in momentum. The MACD indicator is signaling a bullish crossover, and the price action has reflected this shift. Dogecoin whales have been accumulating tokens during the market dip, indicating a 'buy-the-dip' strategy and suggesting further gains. Market derivatives data also supports a short-term momentum shift. The pressure on bearish traders and the potential for a short squeeze could amplify upward momentum. Despite a decline in trading volume, DOGE appears positioned for a potential rebound.



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