Dogecoin Holds Steady Near $0.070 Amid Bullish Divergence Signals

After a 3.5% decline last week, Dogecoin (DOGE) is holding steady near $0.070 at the time of writing on Tuesday.

A bullish divergence has emerged in momentum indicators, suggesting that selling pressure may be easing.

The DOGE long-to-short ratio rose to 1.25, its highest level in more than a month, indicating that long positions outnumber shorts and more traders expect the price to rise.

Dogecoin's funding rate also supports this bullish outlook, turning positive on July 24 and standing at 0.0074% on Tuesday.