DOGEUSDT Short-Term Bearish Indicator with High Volume

I've observed that DOGEUSDT is currently experiencing a short volume delta, suggesting a bias towards selling pressure in the short term. The current price is approximately $0.20885, with an average distance from important moving averages or reference points around 0.225%, indicating a slight deviation that might signal a potential continuation of the current trend.

The trading volume per minute stands at about $633,764, which reflects a significant level of activity and liquidity. This volume can support the validity of the short bias indicated by the volume delta, implying this is not a minor correction but possibly a more substantial move in the near future.

Given these indicators, the market sentiment appears bearish in the short term. Traders should be cautious and consider that this volume delta short signal could lead to further price declines if the selling pressure persists. It may be wise to monitor for confirmation through additional technical signals or market developments.