- DOGE stays in distribution as lower highs, weak EMAs, and Fib breaks cap upside
- Futures open interest collapse confirms deleveraging phase and fading risk appetite
- Spot net outflows near $0.125 suggest selling pressure outweighs accumulations
Dogecoin continues to face sustained pressure on the 4-hour chart as sellers maintain control across price, derivatives, and spot activity. Recent moves show a market that struggles to attract conviction buying. Consequently, traders remain cautious as DOGE trades below key technical levels. The broader structure points to distribution rather than accumulation.
Price Structure Shows Persistent Weakness
DOGE maintains a clear sequence of lower highs and lower lows on the 4-hour timeframe. Significantly, price broke below the 0.382 Fibonacci level near $0.134. That move triggered accelerated selling toward the 0.236 Fib around $0.1286. Additionally, price briefly dipped close to $0.125, confirming weak demand.
DOGE trades below the 20, 50, 100, and 200 EMAs. This alignment signals sustained downside momentum. Moreover, the Supertrend indicator continues to flash bearish signals, reinforcing selling pressure.
DOGE Price Dynamics (Source: Trading View)Immediate support sits between $0.1250 and $0.1235, where buyers attempt short-term defense. However, $0.120 remains a major psychological and structural level. A firm break below this zone could open a slide toward $0.115.
Related: Cardano Price Prediction: Political Uncertainty Deepens Descending Channel Pressure
On the upside, resistance clusters between $0.1300 and $0.1327. Consequently, bulls must reclaim $0.134 to stabilize price. The $0.1383 to $0.1427 zone marks a stronger supply area. A close above that range would weaken the bearish structure.
Futures Positioning Reflects Deleveraging
Dogecoin futures open interest highlights a shift in trader behavior. Open interest expanded aggressively during earlier rallies, signaling leveraged speculation. However, as momentum faded, positions unwound steadily.
Source: CoinglassSignificantly, open interest dropped to about $1.27 billion from peaks above $4 billion. This decline shows reduced leverage and lower risk appetite. Hence, traders now wait for clearer direction before rebuilding exposure. The deleveraging phase aligns with ongoing price weakness.
Spot Flows Reinforce Bearish Sentiment
Spot inflow and outflow data further support the cautious outlook. Netflows fluctuate frequently, yet heavy outflows often align with price declines. Additionally, recent negative netflows coincided with DOGE trading near $0.125.
Source: CoinglassThis pattern suggests distribution rather than accumulation. While inflows sometimes precede price rebounds, the response remains inconsistent. Consequently, spot activity fails to confirm a sustainable recovery.
Technical Outlook for Dogecoin Price
Key levels for Dogecoin remain clearly defined as the market searches for direction following recent weakness. Price action continues to respect well-established support and resistance zones, keeping DOGE in a pivotal technical range.
Upside Levels: Immediate resistance sits between $0.1300 and $0.1327, where short-term EMAs cluster. A sustained breakout above this zone could allow price to retest $0.1340. Beyond that, the $0.1383–$0.1427 area marks a major supply zone. A move into this range would signal fading bearish pressure and open the path toward $0.1465.
Downside Levels: On the downside, $0.1250–$0.1235 remains the first demand zone. Failure to hold this area would shift focus to $0.1200, a key psychological and structural level. A breakdown below $0.1199 risks extending losses toward $0.1150.
Resistance Ceiling: The $0.1340 level represents the critical flip point for short-term trend stabilization. Bulls must reclaim this zone to challenge the broader downtrend.
Will Dogecoin Go Up?
Dogecoin’s near-term outlook depends on whether buyers can defend the $0.1250 support area. Price compression below resistance suggests volatility may expand soon. If buyers regain momentum and push DOGE above $0.1340, a recovery toward $0.1380–$0.1420 becomes likely.
However, continued weak inflows and fading derivatives interest increase downside risk. A loss of $0.1200 would confirm bearish continuation. For now, Dogecoin trades at a decision point, with conviction and volume set to define the next move.
Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.
Source: https://coinedition.com/dogecoin-price-prediction-dogecoin-faces-sustained-pressure-as-bears-defend-key-levels/
