DOGE Hits Lowest Levels in Months Amid First Positive Exchange Flows Since Last Half-Year

Dogecoin Slides to Multi-Month Lows as Exchange Flows Turn Bullish

Crypto markets remain under pressure as Bitcoin’s looming “Death Cross” and broader risk-off sentiment weigh on altcoins. Dogecoin (DOGE), however, saw a structural shift: its exchange flows turned positive for the first time in months—a signal that has historically appeared near market bottoms. Analyst Ali Martinez notes that similar inflection points in previous cycles often preceded reversible capitulation phases.

DOGE dropped 7.42% over the past 24 hours, falling from $0.160 to $0.149 and breaching the critical $0.155 support that had anchored prior consolidation. Trading volume spiked 18.39% above weekly averages to 177.9 million tokens, indicating institutional involvement rather than retail panic.

The decline broke the 0.5 Fibonacci retracement from the prior bull cycle and pushed the price into the lower boundary of DOGE’s year-long descending triangle. After passing through multiple intraday floors, the token stabilized near $0.149–$0.151. Technical indicators show mixed signals: RSI formed bullish divergence against fresh lows, while short-lived MACD death crosses hinted at temporary exhaustion in downward momentum.

Key Technical and Market Signals
DOGE sits at a pivotal juncture between confirming the breakdown and potential reversal. The collapse below $0.155 completes the descending-triangle resolution, projecting a possible continuation toward $0.145–$0.140. Yet counter-signals are emerging:

• Whale Accumulation: Large wallets absorbed over 4.7 billion DOGE as prices fell, signaling strong hands stepping in.
• Positive Exchange Flows: Net inflows have flipped positive for the first time in months, a structural shift historically associated with tradable bottoms.

Momentum indicators support this divergence. RSI is trending higher even as price prints lower lows, and MACD bearish signals are fading—creating a mixed setup where technical breakdown clashes with early on-chain reversal signs.

Price Outlook and Key Levels
DOGE is likely to remain compressed between $0.149 support and $0.158 resistance until ETF catalysts or macro sentiment trigger a decisive move. Traders are watching several key factors:

• Section 8(a) DOGE ETF Deadline (Monday): A surprise approval could trigger immediate repricing.
• Reclaim of $0.155: Needed to neutralize near-term bearish pressure and target $0.162–$0.165.
• Failure at $0.150: Could accelerate the decline toward $0.115–$0.085 demand zones.
• Exchange Flow Direction: Continued positive net inflows would support the reversal thesis.
• Macro Sentiment: Extreme fear in BTC and altcoins may spark sharp relief rallies but also heighten downside risk.

As DOGE approaches the apex of a multi-year structure, the combination of ETF catalysts and on-chain accumulation creates a high-risk, high-reward scenario for traders seeking directional opportunities

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