DOGE Price Forecast: Bullish Divergence Hints at Recovery

Dogecoin (DOGE) is showing signs of recovery after falling 3.5% last week, trading near $0.070 on Tuesday.

The broader trend remains bearish, but improving derivatives metrics and bullish divergences in momentum indicators suggest selling pressure may be easing.

CoinGlass' long-to-short ratio for DOGE reads 1.25 on Tuesday, the highest level over a month, indicating bullish sentiment among traders.

The funding rates metric for Dogecoin also flipped positive on July 24, reading 0.0074% on Tuesday, reflecting a bullish bias for the meme coin.