Dogecoin’s market structure continues to deteriorate as increasing inflows, decreasing support, and weakening network activity add pressure across the board.
With technical indicators offering little relief and user engagement declining, DOGE is approaching a turning point that will determine whether bulls can hold on or memecoin slides deeper.
Foreign exchange flows continue to put pressure on prices
Arkham data recorded steady inflows of DOGE into centralized exchanges throughout the week. Therefore, this suggests that holders are preparing cash for a potential sale rather than committing to long-term positions.
Source: Arkham
The above entries coincide with weak technical momentumindicating that traders could prepare for further decline.
Historically, such trends emerge when confidence erodes and market participants adopt a more defensive stance.
Support made by DOGE remains extremely thin
Glassnode’s URPD chart shared by market maestro Ali Martinez revealed a concerning structural deviation from current price levels.
Above $0.081, realized support is limited, meaning there are few historical buyers in this region. Therefore, if DOGE loses the $0.13358 support zone, the asset could quickly fall into this low-demand pocket.
Source:
This type of weakness generally accelerates the continuation of the decline, not because sellers overwhelm the market, but because buyers are simply not present until much lower.
Network activity continues to fade
Meanwhile, Token Terminal data showed Daily active DOGE addresses fall to around 29,000, reversing the recent spike seen earlier in the month.
This decline signals a weakening of user participation and a reduction in transactional throughput.
Less network engagement often removes liquidity, making it more difficult for bulls to defend key levels during periods of increased selling pressure.
Without renewed user activity, recovery attempts may continue to lack conviction.
Can buyers take back control?
When analyzing the daily calendar, DOGE remained pinned to the lower boundary of its descending channel, trading at $0.14189.
Each bounce quickly faded, while the RSI and MACD continued to trend weakly, offering little evidence of a bullish change.
Source: TradingView
Additionally, DOGE remained below the entire EMA ribbon on the 4-hour chart at the time of analysis, reinforcing the downtrend. Can buyers take back control from here?
Source: TradingView
To do this, bulls must defend $0.13358 and reclaim $0.15356 – a level that has acted as resistance on several occasions and remains crucial for any significant reversal.
Final Thoughts
- Growing DOGE inflows, declining activity, and weak support significantly increase downside risk.
- Unless bulls reclaim $0.15356, DOGE remains vulnerable to a slide towards a deeper demand zone near $0.081.
