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If delivery is unavailable, th
DOGE is range-bound around the $0.15 mark, what signal does the $46 million withdrawal reveal?
[Coin World] On Wednesday, DOGE closed with a small Bullish line, barely rising back to $0.167, but this rise seems a bit hollow. The price is now repeatedly testing the sensitive range of $0.15-$0.14, and the sell pressure has not dispersed.
The technical aspect doesn't look good—prices are already below all major moving averages, and the super trend indicator has also turned red, signaling a warning, while bearish momentum continues to be released. More critically, on-chain data shows that over $46 million has been withdrawn from exchanges, indicating that the chips are clearly becoming loose.
Now let's see if the support at 0.15 can hold. If it breaks down, the next stop may be the 0.11 USD level; to reverse, it must first break through the 20-day moving average pressure level of 0.182 USD, otherwise it will be difficult to change the current weak trend. In the short term, market sentiment is cautious, with a majority of funds on the sidelines.