Dogecoin Price Prediction: Bullish Momentum Despite Downturn

Dogecoin's price has dropped by 1.44% to $0.089 on September 8, but the selling pressure is easing as it remains within a cup and handle setup.

Data from CoinGlass shows that buying volumes outpaced selling volumes on all exchanges, with Binance seeing $3.09 million more buy-side flows than sell-side flows.

The futures market also suggests a bullish outlook, with a positive weight funding rate of 0.0053%, indicating more long buyers than short sellers.

However, the open interest has dropped by 3.36% to $1.36 billion, mainly due to long liquidations worth $4.94 million in just 24 hours.

The price of Dogecoin is currently trading within a cup and handle pattern on the four-hour chart, which supports a bullish long-term DOGE price prediction.