{"content":"🐶 Dogecoin on Thin Ice — Derivatives & On-Chain Data Signal Trouble Dogecoin's 200-day EMA is $0.211; a closing below indicates additional drop. As the DOGE financing rate falls and bearish bets grow, derivatives markets are gloomy. Santiment statistics show DOGE token holders selling, boosting negative pressure. As of Tuesday, Dogecoin (DOGE) is trading carefully around $0.211, a level that might influence its future move. The dog-based meme currency is holding ground, but derivatives data and on-chain analytics indicate increased pessimistic sentiment, heightening the possibility of more fall if selling pressure increases. Dogecoin derivatives and on-chain measurements increase downside risk. CoinGlass's OI-Weighted Funding Rate data suggests that more traders expect Dogecoin's price to fall than rise. Tuesday's 0.0010% rate showed shorts paying longs. DOGE's price has declined when financing rates have been negative, as indicated in the figure below. Apart from negative financing rates, DOGE's long-to-short ratio indicates pessimistic sentiment as traders place more short bets. As investors sell DOGE tokens, Santiment's Supply Distribution data suggests a bleak prognosis for the dog-based meme currency. Since August 25, whales owning 100,000–1 million DOGE tokens (red line), 1 million–10 million (yellow line), and 10 million–100 million (blue line) have dropped 250 million DOGE tokens, reinforcing the pessimistic perspective. Dogecoin Price Forecast: Close below 200-day EMA suggests correction. Dogecoin price rejected its previously broken ascending trendline (made by connecting successive lows from June 22) on Sunday and fell about 3% the following day. It's hovering around its 200-day EMA at $0.211 on Tuesday. DOGE may prolong the fall to retest its weekly support at $0.181 if it closes below $0.211 daily. The 200-day EMA at $0.211 might help DOGE's rebound to $0.247, its daily resistance level. #NewHighOfProfitableBTCWallets #DogeCoinTreasury #TrumpTariffs #TrumpFamilyCrypto #MarketPullback $DOGE $ETH $XRP ","images":["https://d2kdcqywr8ua22.cloudfront.net/uploadfile/article/blog/2025092025/09/02/8a63595895c14b4b8e0a3d979633bb4f.png"],"tags":[],"tradingPairs":["ETH/USDT"],"quotearticleid":0}