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Dogecoin steadies at $0.070 with long‑short ratio at 1.25 and $77 M whale inflow, hinting at reduced bearish pressure – see key levels and next triggers.
Dogecoin (DOGE) stayed near $0.070 on Tuesday, after a 3.5% drop last week, as derivatives data turned more bullish and whale activity added $77 million of buying pressure, suggesting that selling may be softening【1】.
| At a glance | |
|---|---|
| Price | $0.070 |
| 24‑h change | –3.5% week‑over‑week decline |
| Key level | Support $0.070, resistance $0.075 |
| Catalyst | Long‑to‑short ratio 1.25 and $77 M whale inflow |
CoinGlass reported DOGE’s long‑to‑short ratio rose to 1.25 on Tuesday, the highest in over a month, indicating more longs than shorts【1】. The funding rate also flipped positive at 0.0074% on July 24, meaning long traders were paying shorts【1】. Both metrics point to a weakening of bearish pressure.
On the on‑chain side, a single wallet moved roughly 1.1 billion DOGE, valued at about $77 million, according to the “dogegod” account【2】. Such a sizable transfer typically draws market attention and can signal accumulating bullish sentiment, though the intent remains unclear.
Despite the improving derivatives data, DOGE remains below its 50‑day ($0.075), 100‑day ($0.083) and 200‑day ($0.100) exponential moving averages, underscoring a bearish framework【1】. The daily RSI formed a higher low, and the Awesome Oscillator showed a similar bullish divergence, suggesting that downside momentum may be fading【1】.
The wider meme‑coin sector is still under pressure: the MarketVector Meme Coin Index fell nearly 40% year‑to‑date and dropped 2.64% in the past month, while cumulative net selling on Binance reached $1.21 billion since Bitcoin’s October all‑time high【1】. Dogecoin’s performance lags behind SHIB and PEPE, which have outperformed the broader market【1】.
Dogecoin’s market capitalization sits at $10.87 billion, with a 24‑hour trading volume of $373.41 million【2】. These figures illustrate the token’s liquidity and the scale of interest surrounding it, even as price action remains relatively flat.
Dogecoin’s price is holding a critical support level while derivatives and whale activity hint at a possible shift in sentiment, but the token remains entrenched in a broader bearish meme‑coin environment. The next price test—whether it can sustain above $0.075 or slip below $0.070—will shape expectations for the sector’s near‑term trajectory.
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AI-assisted synthesis by the TrendWatcher Editorial Desk · sourced from 3 outlets · Aug 5, 2026 · How we report
Dogecoin is trading near $0.07, about 90% below its all‑time high of $1.5666 and close to a three‑year low of $0.067.
Yes, RSI has fallen into oversold territory and some traders cite bullish divergences that could indicate a bottom around $0.05‑$0.07.
Derivatives data show a bullish tilt, with the long‑to‑short ratio above 1.0, positive funding rates, and increased open interest in perpetual futures.
Altcoins now account for more than 60% of Binance spot trading volume, while Bitcoin’s share has fallen from 40% to 22%, indicating a shift toward altcoins.
Analysts note a bearish overall trend with risk of testing the $0.05 floor, but some see a short‑term recovery potential due to improving derivatives metrics and bullish divergences.