Can Dogecoin Price Surge 15% as Meme Coin Hype Dies?

DOGE price has been facing a downturn since August 11, which may contribute to forming a bullish structure. Bitcoin’s price volatility has affected most crypto assets, including Doge, which is down 4.2% over the last 24 hours and is trading at $0.0988. Analysis of traders shows there are twice as many Shorts as there are Longs, which means Dogecoin price may experience a short drop before reversal.