Dogecoin (DOGE) has triggered a TD Sequential buy signal, indicating a potential short-term upward price movement. However, it consolidates around $0.222, close to key support. The market has a high proportion of long positions, indicating risk of rapid reversals.
Despite a bullish atmosphere, leverage pressure and modest inflows could hinder DOGE’s performance. Spot flow data shows $60.89 million in inflows against $65.69 million in outflows, suggesting limited buying interest, which is crucial for maintaining upward momentum.
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