📉 DOGE price fell 7% today, touching $0.2301 as bearish pressure mounts. On-chain data shows network activity hitting a 4-month low, with whale transactions and active addresses sharply declining—raising concerns about fading investor interest.

📊 Futures open interest dropped by 3.9% to $2.15B, alongside $9.23M in liquidations, mostly from long positions. Yet, trading volume spiked by 60%, surpassing $1.23B, hinting at increased volatility.

🚀 Despite the bearish sentiment, analysts like Ali Martinez suggest a potential recovery as long as DOGE maintains support above $0.19, targeting a possible rally toward $4.

📈 Trader Tardigrade points out a bullish "falling wedge" pattern nearing completion, previously leading to gains of 88% to 445%. Additionally, the pending Dogecoin ETF applications by Grayscale, CoinShares, and WisdomTree may further fuel bullish momentum.

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This post is for informational purposes only and does not constitute financial advice or endorsement.