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Dogecoin Price Forecast: DOGE risks a steeper decline, discounting ETF inflow

From fxstreet.com

Dogecoin (DOGE) is trading in the red below $0.08500 for the fourth straight day as broader market interest shifts toward real-world utility tokens. The meme coin is losing retail strength despite a mild institutional inflow on Wednesday after 10 days of silence. The technical outlook indicates DOGE is on a bearish slope with further downside potential, likely toward the June 6 low of $0.07766. Dogecoin is losing its retail strength, a crucial bullish factor for the meme coin, as general crypto investor interest matures toward tokenization, privacy, and AI-themed tokens. CoinGlass data shows that DOGE Open Interest ... (full story)

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  • Category: Technical Analysis