Summary DOGE posts $4.81 million in net outflows as demand weakens again. Price remains below all major EMAs, locking the asset in a bearish structure. Derivatives participation thins despite an options volume spike. By Parshwa Turakhiya Dogecoin ( DOGE-USD ) traded near $0.1407 on Tuesday after another session defined by steady outflows and a lack of meaningful accumulation. The latest spot-flow reading showed $4.81 million in net outflows, reinforcing a multi-month trend where sellers dominate every bounce. Dogecoin’s drop reflects ongoing structural weakness in both spot demand and derivatives positioning. The asset has been unable to sustain momentum since peaking in September, and each recovery attempt has been used for distribution rather than accumulation. The persistent outflow pattern underscores why rallies fade quickly and why overhead supply continues to build. EMAs continue to cap every attempt at recovery The daily chart shows DOGE firmly pinned beneath all major EMAs. The 20-day EMA at $0.1476 has acted as dynamic resistance for nearly six straight weeks, rejecting every short-lived rebound. The 50-day EMA at $0.1649 and the 100-day EMA at $0.1836 add layers of heavier supply above, while the 200-day EMA at $0.1975 has not been tested in months. DOGE price analysis (Source: TradingView) This alignment is a classic bearish stack. Until price reclaims at least the 20-day and 50-day EMAs, discussions of trend exhaustion remain premature. RSI near 41 reinforces this view. The oscillator’s behavior points to weak momentum rather than capitulation, suggesting the market is grinding lower without a meaningful impulse from buyers. Derivatives flows thin as traders step back Futures data show participation continues to fade. Open interest slipped 0.41 percent and total volume fell nearly 10 percent, a combination that signals disengagement rather than directional positioning. Long/short ratios still show retail optimism - with Binance at 2.27 and OKX at 3.25 - but this optimism has yet to produce measurable price traction. Options activity was the lone standout. A 103 percent jump in options volume highlights renewed volatility interest, but open interest barely moved. The shift likely reflects an adjustment of short-dated structures rather than strategic positioning for a larger trend reversal. DOGE’s liquidity profile adds further complications. Open interest sits near $1.36 billion, far below the levels seen in earlier cycles. This thinning liquidity environment amplifies risk. Breakdowns tend to move faster, and rallies struggle to extend because fresh capital is not entering the market. Intraday trend stays fragile as resistance tightens The 30-minute chart shows how quickly each recovery attempt has been rejected. After an early-session rebound, the Supertrend flipped bearish again while SAR dots remained above price. Every rally stalled precisely near $0.142-0.143, a band now serving as the intraday ceiling. Until DOGE closes above that level with conviction, any bounce will carry more characteristics of a technical reaction than a shift in market structure. Support sits at $0.138-0.139, an area tested multiple times throughout the day. A breakdown leaves the late-November liquidity pocket near $0.132 as the next target. On the upside, reclaiming the 20-day EMA at $0.1476 is the minimum requirement for trend relief. A stronger reversal would need a breakout above the 50-day EMA at $0.1649, which marks the midpoint of the multi-month decline. Dogecoin is not collapsing, but it remains in a persistent downtrend reinforced by a lack of fresh inflows, thinning derivatives participation and a durable overhead EMA wall. As long as spot buyers remain absent, each rally is likely to function as an exit rather than an entry opportunity. In earlier coverage, we outlined the $0.147–$0.165 band as the decisive resistance cluster governing DOGE’s trend. That cluster continues to behave as a hard ceiling, keeping momentum suppressed and reducing the likelihood of a sustained upside move unless inflows return. This material may contain third-party opinions; none of the data and information on this webpage constitutes investment advice according to our Disclaimer . While we adhere to strict Editorial Integrity , this post may contain references to products from our partners. Original Post
