The token defended its ascending channel structure despite distribution pressure at the upper boundary, keeping short-term bias neutral-to-bullish above $0.16.
DOGE Holds $0.16 Support as Profit-Taking Caps Breakout Attempt
The token defended its ascending channel structure despite distribution pressure at the upper boundary, keeping short-term bias neutral-to-bullish above $0.16.
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Derivatives metrics show rising bearish positioning followed by a sharp reduction in open interest, while price recovery hints at early squeeze dynamics.
The widely-followed sentiment metric hit extreme greed levels earlier in March near the local top of the crypto market, but now is pushing its limits in the opposite direction.
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The move is indicative of mounting resistance near $3.02, even as traders weigh ETF catalysts and rising exchange reserves that may temper bullish momentum.