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狗狗币（DOGE） meme 币主导地位创历史新低，空头将价格推向 0.076 美元

2026-10-07 18:16:35
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Highlights

  • Moving averages and volatility indicators show weakening upward momentum
  • Memo's market share has dropped to a record low, exacerbating downward pressure
DOGE is hovering around US$0.090, with a weekly decline of more than 5%. Bearish sentiment intensified as the long-short ratio fell to a monthly low of 0.68. Prices were trading below the 200-day index moving average (EMA) of $0.093, indicating a weak short-term trend. The spreading wedge pattern on the daily chart suggests prices could fall by 20%, with a target range of $0.076. In contrast, memein's share of the altcoin market has plunged to an unprecedented 2.7%. Dogecoin (DOGE) continued to struggle below the $0.090 mark in Wednesday's trading. The value of this popular memin dropped by more than 5% this week. The decline continued a broader correction period that began in late September.

DOGE Price Trend Analysis

Short bets on DOGE have risen to their highest level in a month. According to CoinGlass, the current long-short ratio is 0.68. When this indicator falls below 1.0, it indicates that more market participants are preparing for a downward price. CryptoQuant's data further confirms this pessimistic market sentiment. Analysis of spot and derivatives trading venues showed signs of market stress. The heavy activity of giant whales in the derivatives market tends to be aggressive selling.

Moving averages and oscillating indicators signal weakening momentum

Currently, the memein trades below the 200-day exponential moving average (at US$0.093). However, DOGE remained above the 50-day EMA (US$0.088) and the 100-day EMA (US$0.086). The daily relative strength index (RSI) is around 48. At the same time, the MACD line turned slightly negative. Together, these technical indicators indicate that the upward momentum is weakening. Key support appears around $0.088, where the 50-day EMA meets the horizontal price bottom line. Below it, the 100-day EMA provides an additional cushion at $0.086. If price action clearly falls below $0.085, a path to $0.070 may emerge. For the prospect of a bullish reversal, DOGE must recover the $0.093 level to offset downward pressure. In addition, there is resistance around $0.102, and selling has historically occurred in this area. Technical analyst Trader Tardigrade (Twitter account @TATrader_Alan) identified a recurring pattern over an 8-hour time frame. Analysts pointed out that DOGE is forming a lower peak, close to the same swing high area before the previous correction.

"$DOGE/8 hours Always be prepared for an upward trend of SSL sweeps.#

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