Dogecoin (DOGE) Shows Bullish Signs with High Long-Short Ratio

Dogecoin (DOGE) displays a bullish long-short ratio of 3.29 on OKX and 2.46-2.47 on Binance, indicating a strong bias toward long positions. Despite this, price action remains constrained within a wider downtrend, and recent declines over various time frames suggest that the overall trend is still bearish. Long liquidations have outnumbered short liquidations, indicating that bullish traders are under pressure, and further liquidations may follow if the price stays below resistance.