Dogecoin Price Falls 23%, Traders Withdraw $1.2 Billion From OI | Airdrop Alert Pro

In the past 10 days, Dogecoin has faced sharply in the past 10 days, thus eliminating the profits of most investors. The coin losses the market value of nearly $ 8 billion, affecting the rise in market sentiment and doubt.

Because of cautious investors hesitating to re -enter the market, this uncertainty may delay the recovery of Dogecoin.

Dogecoin lost support

Open interest Mepatomycin has dropped It is worth noting that it has fallen 1.2 billion US dollars in the past week. It dropped from $ 5.05 billion to US $ 3.85 billion, emphasizing the lack of confidence in traders. The price decline caused from futures The market closes positions as traders to avoid further losses.

This retreat from futures transactions shows that investors are waiting for a more stable market, and then make new bets. Due to the low interest in openness, the speculation around Dogecoin slowed down.

Dogecoin’s overall macro power It reflects the drop emotion that extends beyond the derivative market. CHAIKIN currency flow (CMF) indicator is kept below the zero line, indicating that the inflow is weak.

This shows that investors are unwilling to invest new capital and further delay the potential price recovery.

The lack of flow in the spot market will exacerbate the vulnerability of dog currency. Traders continue to avoid adventure and keep the cause of coins within a narrow range. Until the inflow volume increases, DOGE may be difficult to obtain the momentum of the sky.

DOGE price prediction: recovery momentum

Dogecoin’s price has fallen In the past 10 days, nearly 15 %, now trading at a price of $ 0.33. Mergin coins are trying to ensure $ 0.32 support. Maintaining this level is essential to prevent further decline and stable price actions.

Investors are suspected to be weak and market confidence, which can extend the merger of DOGE. If the mood has not improved, the cause coin may remain under the obstacle of $ 0.36. In this case, Dogecoin may also be easily reduced to less than $ 0.30.

However, if the Dogecoin manifests the support level of $ 0.36 to the support level, it may make the prospect of loser invalid. Beyond this resistance may be set recover Path, pushing its price to $ 0.39, which will help it withdraw a part of the recent losses.