Dogecoin nears $0.18 support; break could trigger $0.14 retest. RSI down, liquidations up, funding rate surges.

Dogecoin (DOGE) is currently experiencing a price decline, approaching the critical support level of $0.18. A break below this level could trigger further selling pressure, potentially leading to a retest of the $0.14 support. The Relative Strength Index (RSI) is falling, indicating a shift in momentum to the downside. This bearish sentiment is further reinforced by a substantial rise in long liquidations exceeding $5 million, suggesting that bullish positions are being closed out. While open interest has decreased, the OI-weighted funding rate has surged. This might indicate an increase in negative sentiment, as traders are willing to pay a higher premium to hold short positions, betting on further price declines. These technical indicators paint a bearish picture for Dogecoin in the short term.

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