Cryptocurrency Traders Analyze Dogecoin and Shiba Inu's Future Amid Market Volatility

Despite Dogecoin's recent 13% fall, traders remain bullish on the cryptocurrency, with a Long/Short ratio of 1.02 indicating a strong bullish sentiment. The Open Interest (OI) of $1.29 billion suggests that net positioning by traders has remained stable, potentially minimizing the impact of market volatility on the coin's price. However, technical indicators such as the Relative Strength Index (RSI) and the Parabolic SAR point to a weak momentum and bearish signs. The coin is expected to continue trading within its current price range, but a surge in capital flow or a tweet from Elon Musk could trigger a potential uptrend.