In April, Dogecoin (DOGE) saw spot market outflows exceed 120 million USD, highlighting weak investor confidence. With minimal inflows and a current RSI of 47.61 pointing towards increased selling pressure, DOGE risks revisiting its yearly low of 0.12 USD unless new demand surfaces.
A resurgence in demand could incline DOGE to break resistance levels and approach 0.20 USD. However, continued bearish sentiments may lead to further declines, emphasizing the importance of market dynamics in determining Dogecoin’s price trajectory.
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