DOGE is Close to Slip to the Downside
The Dogecoin (DOGE) has slipped below the midpoint of its ascending channel, hovering around $0.09270. Despite consolidating, the meme coin is currently not showing any signs of adhering to the upward trend. Failure to reclaim levels above $0.0970-0.0980 in the near future could lead to a decline towards $0.0800. Despite a lack of significant fundamental news supporting its prices, there has been an increase in the number of active addresses in the network, suggesting a growing interest in the coin. However, a notable disproportion between buy orders (636 million) and sell orders (729 million) indicates a bias towards a potential decline. As a result, the coin appears to be inching closer to a downward movement.
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