DOGE Price Finds Support as Bulls Aim for Big Comeback. Key Levels To Watch

The Moving Average Convergence Divergence (MACD) indicator also appears bearish at the moment with the MACD line below the signal line, indicating bearish momentum. However a bullish crossover could occur if bulls show renewed interest at the current level.Data from IntoTheBlock reveals that 78% of DOGE holders are currently making money at the current price while 3% are at breakeven and 19% are in a loss position. Also the concentration of large holders stands at 63% suggesting a significant presence of whales in the DOGE market.Looking further at CoinGlass data since June 7th, it shows that the long-short ratio has been increasing indicating more long positions being executed, potentially setting the stage for a price surge.

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