Dogecoin dips 5% this week as bearish positioning puts $0.088 support in focus
Key takeaways CoinGlass’ long-to-short ratio fell to 0.68, its lowest reading in more than a month. CryptoQuant data flagged overheated spot and futures conditions, with sell-side dominance among large futures orders. Immediate support lies at $0.088, followed by $0.086 and $0.085; reclaiming $0.093 would ease bearish pressure. Dogecoin extended its losses Wednesday, trading near $0.090 […]
Our Summary:Dogecoin has dipped 5% this week due to bearish positioning and fading technical momentum, with immediate support at $0.088 and a 200-day EMA near $0.093. The long-to-short ratio has fallen to a monthly low, while CryptoQuant data flags overheated spot and futures conditions with sell-side dominance. A recovery would require reclaiming the 200-day EMA, with resistance around $0.102 if successful.