Elon Musk’s departure from D.O.G.E. Impacts Dogecoin’s price significantly as it tests a crucial support at $0.20. The technical indicators suggest a bearish trend, pointing towards possible price targets at $0.1688 and a resistance level at $0.25.
Market sentiment is shifting, with long liquidations rising to $20 million, indicating increased bearish sentiment. The Open Interest has dropped to $2.44 billion as bullish interest declines, reflecting a notable change in trader sentiment.
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