Dogecoin Price Analysis: Potential Risk for $1.4 Billion DOGE
Dogecoin’s price broke out of a falling wedge early Monday morning, signaling a potential bearish reversal. The 4-hour price chart indicates that DOGE has experienced some relief from the recent downtrend, with the price rising over the past few hours. However, DOGE is not out of danger yet. Futures data reveals increasing sell pressure on the asset, putting over $1.4 billion worth of DOGE at risk of significant losses.