Dogecoin Price Analysis: $1.4B DOGE at Risk If Price Falls Below This Level

Dogecoin price broke out of a falling wedge in the early hours of Monday Morning, signaling a bearish reversal. The 4-hour price chart shows DOGE has gotten some relief from the downtrend as the price has picked up over the last few hours. However, DOGE price is not out of the woods yet, as Futures data shows that there is increasing sell pressure on the asset, which puts over $1.4 billion worth of DOGE at risk of sinking into losses.