Overview
- Dogecoin trades around $0.114 to $0.115 after a monthly gain of a little over 20%.
- The 200-day exponential moving average near $0.123, a widely watched trend line, now acts as key resistance.
- Futures open interest has climbed to about $1.71 to $1.83 billion, and the funding rate flipped to -0.006%, which means short sellers pay to keep their bets.
- CoinGlass reported $17 million of $21 million in liquidations came from shorts in a four-hour window, a squeeze that helped power the latest bounce.
- Analysts flag a long-running MACD bullish divergence and a break of a descending trendline, with projections pointing first to $0.6533 and potentially $1.25 if momentum builds.