CoinTurk News EN and Invezz both report a rise in DOGE's long-to-short ratio to its highest level in over a month, but cite different numeric values for the ratio.
What all sources agree on
- Wallets holding between 10 million and 100 million DOGE accumulated approximately 180 million tokens since Saturday.
- Wallets holding between 100,000 and 1 million DOGE sold around 10 million tokens over the same period.
- Dogecoin was trading above the $0.070 support level on Tuesday.
- DOGE remains below its 50-day EMA (~$0.074) and 100-day EMA (~$0.081).
- The daily RSI shows bullish divergence, with DOGE setting a lower low on August 1 while RSI formed a higher low.
- The funding rate for DOGE perpetual futures turned positive on July 24.
- Key resistance levels are identified at $0.074–$0.076 and $0.081, with the yearly low at $0.067 marked as critical support.
Where the reports disagree
1Value of DOGE's long-to-short ratio and its significance
The long-to-short ratio for DOGE perpetual futures climbed to 1.27, the highest level in more than a month, suggesting more traders expect upward price movement rather than further downside.
CoinGlass data shows that DOGE's long-to-short ratio rose to 1.0803 on Tuesday, marking its highest level in more than a month.
What would settle it: CoinGlass's own long-to-short ratio data for DOGE perpetual futures on the date in question.
What to make of it
Treat the whale accumulation figures (180 million tokens) and the technical price levels as established since both outlets agree; do not rely on the specific long-to-short ratio number until it is checked against CoinGlass's own published data.
Treat the whale accumulation figures (180 million tokens) and the technical price levels as established since both outlets agree; do not rely on the specific long-to-short ratio number until it is checked against CoinGlass's own published data.