As of Tuesday, Dogecoin trades at 0.1959 USD, breaking a short-term range after last week’s 14% drop. Technical indicators suggest increasing bullish momentum as the MACD rises and the RSI indicates recovery from oversold conditions.
Derivatives data show a 21% increase in trading volume and a positive long/short ratio of 1.06, reflecting a shift towards bullish sentiment among traders, while bullish breakout targets the next resistance at 0.2145 USD.
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