Dogecoin is currently at $0.168, with a slight increase of 0.3% over the last 24 hours, but a decline of 10% over the week and 23% over the month, indicating overall weak performance. The technical analysis shows that the price is compressed within a narrow range of $0.16 to $0.22, and is about to choose a direction. Watch two critical levels: if it breaks above $0.182, it may rise to $0.20 or even $0.24; if it falls below $0.162, it could slide down to $0.14.

On the positive side, whales have aggressively bought 1 billion DOGE over the past 30 days, and a Dogecoin ETF is currently being applied for. The negative aspect is that the price is being suppressed by all moving averages, trading volume is still shrinking, and historically, June has been a month of significant downturns.

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