Dogecoin dips 5% this week as bearish positioning puts $0.088 support in focus
Photo: CoinJournal
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 as increasingly bearish derivatives positioning and fading technical momentum weighed on the meme coin. DOGE has declined more than 5% so far this week.
Source: CoinJournal
