Recently, a hot topic in the Crypto Assets market is the price movement of DOGE. The latest data shows that this once highly followed digital asset is facing some challenges.

According to reliable sources, on August 7th, DOGE experienced a capital outflow of approximately 1.37 million USD from exchanges. Although this figure is relatively not huge, it reflects that investor sentiment may be undergoing subtle changes, and market confidence in the short term seems to have been affected to some extent.

From a technical analysis perspective, the short-term price movement of DOGE is showing some signals worth following. On the 30-minute chart, the price of DOGE has been fluctuating between $0.205 and $0.207, struggling to break through the weighted average price (VWAP) line. The Relative Strength Index (RSI) has remained around 60.67, but the trend is starting to flatten, which may indicate that the buying pressure is weakening.

Looking at the longer-term daily chart, the situation seems more complex. Last week's 'super trend' indicator has turned bearish, forming a clear resistance level at $0.246. At the same time, the Directional Movement Index (DMI) indicates a lack of clear direction in the market, with both bulls and bears in a wait-and-see mode, resulting in overall insufficient momentum.

These signs combined seem to suggest that DOGE is currently facing some pressure. However, the Crypto Assets market has always been highly volatile, and the situation may change rapidly. Investors need to closely follow market dynamics and make prudent decisions.