Recent price surges for $DOGE have been linked to the launch of ETFs, but current technical indicators suggest a short-term downward trend. Here is a summary:

ETF Launches: Grayscale and Bitwise Dogecoin ETFs mark a major step for institutional involvement. 🚀

Weakening Technicals: Recent EMA and MACD indicators show bearish crossovers, suggesting a short-term downtrend. 📉

Increased Selling Pressure: Fund flow data indicates growing withdrawals, especially from large transactions. 💸$DOGE

DOGEUSDT

Perp

0.14566

-2.61%