Dogecoin Sets 65-Day Bearish Record: Is the Broader Crypto Rally Incomplete?

Dogecoin (DOGE) has logged a 65-session bearish streak by closing below its 20-day moving average, according to data cited in the article, raising questions about whether the broader crypto rally is incomplete. The report says DOGE closed July 21 at $0.0735, 0.8% under the 20-day level, with the streak beginning May 18 and pushing the token down about 29.4%. It notes the deepest pullback reached 18% below the moving average, and highlights that a monthly Stochastic RSI signal is at oversold territory, described as similar to 2022 before a major rally. Technically, DOGE is near a repeatedly tested $0.07 demand zone, while the Supertrend remains bearish at $0.07977. Derivatives activity softened: volume fell 32% to $703 million and open interest is near multi-year lows at $1.11 billion. Long/short ratios on OKX (4.88) and Binance (2.56) indicate crowded long positioning, but long liquidations totaled $847,000 versus $129,000 for shorts.