DOGE Sees Surge in Exchange Net Position, Implying Potential Price Rebound

A significant surge in DOGE’s exchange net position is signaling a potential price rebound. The indicator shows a 2 billion inflow that has propelled the coin’s price near $0.20. This substantial movement aligns with the recent shift towards positive exchanges following periods of consistent red bars indicating outflows. Traders are closely observing these developments, as the current inflow, exceeding 2B, appears at a critical point in the chart where price is navigating between the 0.10 and 0.30 range. This new green spike raises questions about potential future trends.