Dogecoin Price Prediction: DOGE Consolidates as Open Interest Climbs

• Dogecoin holds above key Fibonacci support as traders await a decisive breakout
• Rising open interest signals heightened speculation and possible short-term volatility
• Continuous exchange outflows highlight profit-taking and weakening bullish momentum

Dogecoin’s price movement remains cautious as the market consolidates after a steep pullback from the $0.27 high. The asset has been hovering near the $0.19 zone for several sessions, showing mild bearish pressure. 

This consolidation period reflects indecision among traders following recent volatility. However, the underlying data reveals growing speculative participation, suggesting that Dogecoin’s next move could be more significant than it appears.

Consolidation Within Key Fibonacci Levels

Dogecoin’s chart outlines a broad Fibonacci retracement pattern from $0.27 to $0.091. The 0.5 retracement level nea…

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