Overview
- DogeCoin trades near $0.0901 after a drop of more than 3%, sitting below its 20- and 50-period moving averages as sellers block rebounds around $0.0916 to $0.0932.
- About $1.45 million in leveraged positions were liquidated in 24 hours, with roughly 98% of the losses hitting traders who had bet on a price rise.
- Futures open interest, which counts outstanding contracts, is near $1.05 billion after a roughly 3.2% daily rise, and a long-to-short ratio near 0.87 shows a slight tilt toward shorts.
- Analyst Ali Martinez says price remains inside a descending triangle on the 4-hour chart, with a projected move of about 29% once price breaks out or down, and that move has not started.
- Dogecoin exchange-traded fund flows show no new money, leaving total assets around $9.12 million and signaling little institutional demand through that channel.