Dogecoin’s market structure continues to deteriorate as rising inflows, thinning support, and weakening network activity tighten pressure across the board.
With technical indicators offering little relief and user engagement declining, DOGE approaches a decisive point that will determine whether bulls can hold the line or whether the memecoin slides deeper.
Exchange inflows continue to pressure price
Arkham data recorded steady DOGE inflows into centralized exchanges throughout the week. Consequently, this suggests holders are preparing liquidity for potential selling rather than committing to long-term positions.
Source: Arkham
The above inflows coincide with weak technical momentum, indicating that traders may be bracing for additional downside.
Historically, such patterns appear when confidence fades and market participants take a more defensive stance.
DOGE’s realized support remains extremely thin
Glassnode’s URPD chart shared by market maestro Ali Martinez revealed a concerning structural gap beneath current price levels.
Above $0.081, realized support is limited, meaning there are few historic buyers in this region. Therefore, if DOGE loses the $0.13358 support zone, the asset may decline rapidly into this low-demand pocket.
Source: X
This type of weakness typically accelerates bearish continuation—not because sellers overwhelm the market, but because buyers simply aren’t present until much lower.
Network activity continues to fade
Meanwhile, Token Terminal data showed daily active DOGE addresses falling to around 29K, reversing the recent spike seen earlier in the month.
This drop signals weakening user participation and reduced transactional throughput.
Lower network engagement often suppresses liquidity, making it harder for bulls to defend key levels during periods of increased sell pressure.
Without renewed user activity, recovery attempts may continue to lack conviction.
Can buyers regain control?
At the time of analyzing the daily timeframe, DOGE remained pinned to the lower boundary of its descending channel, trading at $0.14189.
Each bounce quickly faded, while RSI and MACD continued to trend weakly, offering little evidence of a bullish shift.
Source: TradingView
Additionally, DOGE stayed beneath the entire EMA ribbon on the 4-hour chart at the time of analysis, reinforcing the bearish trend. Can buyers regain control from here?
Source: TradingView
To do so, bulls must defend $0.13358 and reclaim $0.15356—a level that has repeatedly acted as resistance and remains crucial for any meaningful reversal.
Final Thoughts
- DOGE’s rising inflows, declining activity, and thin support significantly increase downside risk.
- Unless bulls reclaim $0.15356, DOGE remains vulnerable to sliding toward the deeper demand zone near $0.081.
