Dogecoin Trades at $0.07 as Binance Account Ratios Favor Longs

Dogecoin (DOGE) was up 0.59% over 24 hours at $0.07, while Binance account ratios showed most tracked accounts long amid weak spot indicators.

At 2 a.m. ET (07:00 UTC), 72.6% of Binance global accounts were long and 27.4% were short. Among top-trader accounts, 77.6% were long and 22.4% were short. These figures describe Binance account cohorts, not all DOGE holders.

The one-hour taker buy/sell ratio was 1.2779, with buy volume of 24,388,405 and sell volume of 19,085,301.

DOGE traded below its 20-day and 50-day simple moving averages, both at $0.08, and its 200-day average at $0.09. The 14-period relative strength index was 35.04, classified as neutral. Bollinger Bands showed a lower band at $0.07 and middle and upper bands at $0.08. The lower band is near the $0.07 support level in earlier coverage of DOGE's weak momentum.

Binance futures open interest rose 0.38% over 24 hours to 2,481,945,842 contracts, valued at $178,529,964. The eight-hour funding rate was 0.0100%.