Dogecoin Price Forecast: DOGE sustains bullish outlook, but surge in supply in profit poses risks

Dogecoin’s price recovery from 0.1881 USD to 0.2232 USD reflects increasing investor confidence. Open Interest has expanded significantly, indicating heightened market engagement in its futures contracts.

A notable increase in Dogecoin’s supply in profit by 38% poses risks of profit-taking, but technical indicators remain bullish, suggesting a potential continuation of upward momentum if market conditions stabilize.

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