Dogecoin Falls Below $0.083 as Long-Short Ratio Drops Below 1

Dogecoin (DOGE) has fallen below $0.083 as the long-short ratio dropped below 1. The price remained above short-term moving averages but failed to reach the 200-day moving average. CoinJournal reported that Dogecoin traded above the 50-day exponential moving average (EMA) at $0.081 and the 100-day EMA at $0.082, while remaining below the 200-day EMA of $0.092. The 50-day and 100-day EMAs reflect shorter-term price movements, whereas the 200-day EMA indicates longer-term trends.

Dogecoin has held its short-term support levels but still faces challenges in recovering the 200-day EMA. Spot Dogecoin ETF trading and fund inflows showed limited activity, with CoinJournal noting no significant net inflows. The Nasdaq prospectus lists the ticker for 21Shares' Dogecoin ETF as TDOG, designed to track Dogecoin's price, with a planned launch on January 22, 2026.

Previous days saw zero daily net inflows for the spot Dogecoin ETF, indicating limited trading volume and small asset growth. Net inflows are calculated by subtracting redemptions from set amounts, separate from price movements. In derivatives markets, short positions dominated as CoinJournal reported the Dogecoin long-short ratio falling below 1. A ratio under 1 typically means more short positions than long ones, though figures may vary based on exchanges and calculation methods. CoinJournal cited a ratio of 0.84 and 0.66 at different points without specifying exact timing or methodology.

CoinGlass reported a 15-day weighted funding rate of 0.0010%, indicating positive funding rates where long holders pay shorts, though this alone does not determine price direction. The combination of a long-short ratio below 1 and positive funding rates suggests that derivatives indicators are not moving in one direction consistently.

Technical indicators show the Relative Strength Index (RSI) at around 47, indicating balanced buying and selling pressure, while the Moving Average Convergence Divergence (MACD) line remained below zero. CoinJournal identified $0.088 as the first resistance level and the 200-day EMA at $0.092 as the next key area to watch. Support levels include the $0.081–$0.082 EMA range and $0.070.