Current Status of Dogecoin

Looking at the Long/Short ratio data for DOGE, it appears that traders are not affected by performance. According to data provided by Coinglass, the 24-hour Long/Short ratio for Dogecoin was pointing to 1.02.

This ratio emerging on the Long/Short side is known as an important metric used to gauge the sentiments of Futures traders. A value below 1 can indicate the dominance of shorts. On the other hand, a value above 1 reflects the superiority of bulls and a positive structure.

What is Dogecoin’s Current Price?

In the midst of a strong market downturn, DOGE also took its share of the impact. After a 10% drop in the last 24 hours, the price has fallen to $0.17.

On the other hand, the market volume also experienced a similar decline, falling to $24.64 billion. Despite this drop, it continues to hold its 8th place in market volume ranking.

Looking at the 24-hour trading volume, DOGE saw a noticeable volume reaching $3.67 billion after an 85% increase.

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