Dogecoin Price Prediction: Can DOGE Recover 37% in Losses After a Hedge Fund Manager Calls It Exit Liquidity?
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Dogecoin trades at $0.07208 on July 14, up 0.28% and about 37% below its May peak near $0.115, sitting between the lower Bollinger Band ($0.07028) and the 20-day midline ($0.07411) after an RSI bullish divergence flagged in early July; options volume surged 101.75% overnight while open interest slipped 1.43% to $1.00B. Despite these technical and options-market signals that could attract short-term crypto buying interest, Morgan Creek’s Mark Yusko warning that a single Musk DOGE sale could send the token to zero injects significant negative sentiment and keeps the outlook cautious for token adoption and market impact.
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- RSI divergence indicator flagged a bullish setup in early July after bottoming near oversold territory
- Options volume surged 101.75% overnight while open interest slipped 1.43% to $1.00B
- Morgan Creek Capital’s Mark Yusko said a single Musk DOGE sale would send the price to zero
Dogecoin trades at $0.07208 on July 14, up 0.28% and hugging the lower Bollinger Band as a bullish RSI divergence competes with sharp criticism from hedge fund manager Mark Yusko. Price has shed roughly 37% since its May peak near $0.115, leaving DOGE pinned below its 20-day Bollinger midline with the options market showing its first real sign of activity in weeks.
Is DOGE’s RSI Divergence A Reliable Buy Signal?
The daily chart shows DOGE sitting between the lower Bollinger Band at $0.07028 and the middle band at $0.07411. Price touched $0.071…
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