<ul><li>Spot outflows of Dogecoin (DOGE) have reached $120 million in April, indicating increased selling pressure.</li><li>This trend reflects a decline in demand for DOGE and a weakening of confidence among holders.</li><li>However, long-term investors are buying more than 800 million DOGE in the last 48 hours, indicating their resilience.</li><li>The near-term outlook for DOGE remains positive, with potential for an uptrend if it breaks the $0.17 resistance level.</li></ul>

Dogecoin Spot Outflows Soar to $120 Million in April; Are the Bears in Control?

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