Dogecoin Hits Multi-Month Lows as Exchange Flows Turn Bullish for First Time in 6 Months
Dogecoin has fallen to multi-month lows, dropping from $0.160 to $0.149 and breaking the key $0.155 support level, reflecting ongoing weakness across the broader cryptocurrency market. The decline highlights investor caution as market sentiment remains under pressure, with selling dominating recent trading sessions. Despite this pullback, Dogecoin’s performance is being closely watched by traders looking for potential signs of a reversal.
Interestingly, exchange net inflows turned positive for the first time in several months, signaling that selling pressure may be easing. On-chain data also indicate accelerating whale accumulation, a pattern that has historically coincided with market bottoming attempts. These factors suggest that while Dogecoin faces short-term pressure, underlying activity could point to a potential stabilization phase ahead.
Market snapshot: price, levels, and flows
Price & levels
DOGE fell to about $0.149, losing $0.155 support that had cushioned pullbacks in recent weeks. Technicians now eye $0.150 as immediate support and $0.155 as near-term resistance. CoinDesk+1
Exchange flows
Net inflows turned positive for the first time in six months an inflection that has often preceded relief rallies in prior cycles.
Whale activity
Large holders accumulated an estimated 4.72B DOGE (~$770M) over two weeks despite falling prices, a pattern consistent with “downside exhaustion.
What could move DOGE next
ETF watch
Analysts flag a potential Section 8(a) window for a spot DOGE ETF filing; absent SEC intervention, effectiveness could occur after a 20-day period. (Status remains subject to SEC action.)
Macro & sentiment
Crypto-wide fear has deepened this week; gauges hit their lowest readings since April, often associated with “capitulation then bounce” dynamics.
Exchange dynamics: why positive net inflows matter
Historically, flips from negative to positive exchange net inflows have coincided with phases where sellers are exhausted and liquidity rotates back on-exchange for eventual dip-buying. While not a guarantee, similar setups in prior DOGE cycles preceded relief rallies within days to weeks. Traders will look for declining net outflows from long-term holders and stabilization in spot order books as confirmation.
Trading plan around Dogecoin hits multi-month lows
Bias
Defensive until $0.155 is reclaimed on convincing volume.
Bull trigger
Reclaim/hold above $0.155; next targets cluster near $0.160–0.165.
Bear risk
Sustained closes below $0.150 open $0.142–0.145.
On-chain tells
Continued whale accumulation and steady/positive exchange flows.
Context & Analysis
Crypto markets have shed over $1T in recent weeks amid macro uncertainty, amplifying downside in altcoins. In this backdrop, positive exchange flows and whale buying can mark bottoming attempts—but confirmation usually requires a technical reclaim (e.g., $0.155) alongside stabilization in sentiment indicators. Traders should also treat the ETF 8(a) narrative cautiously: Section 8(a) can allow a registration statement to become effective unless the SEC intervenes, and timelines can change quickly.
Conclusion
DOGE’s drop below $0.155 highlights ongoing risk-off sentiment across the crypto market, signaling cautious investor behavior. The move underscores short-term pressure, but there are early signs of potential stabilization.
Exchange flows have turned more positive, and on-chain data show increased whale accumulation the first constructive signals in months. If DOGE can reclaim $0.155 sustainably or defend the $0.150 level, combined with clarity on any DOGE ETF developments, it could set the stage for a relief rally, offering traders and investors a potential opportunity amid the recent weakness.
FAQs
Q : What caused the latest Dogecoin drop?
A : A broad crypto sell-off and the loss of the $0.155 support pushed DOGE toward $0.149.
Q : Why does it matter that exchange net inflows turned positive?
A : Flow flips often appear near local bottoms as liquidity rotates back on-exchange for potential dip buying.
Q : How much are whales buying?
A : On-chain data indicate ~4.72B DOGE (≈$770M) accumulated over two weeks despite falling prices.
Q : Is a Dogecoin ETF likely soon?
A : A Section 8(a) pathway can allow effectiveness after 20 days unless the SEC intervenes; timelines are not guaranteed.
Q : Which levels should traders watch now?
A : $0.150 as immediate support and $0.155 as resistance; a reclaim of $0.155 would improve the near-term outlook.
Q : Is market sentiment improving or still fearful?
A : Sentiment metrics recently fell to their lowest since April, consistent with capitulation phases.
Q : Does this mean a rally is imminent?
A : Not necessarily. Historically, these signals precede relief rallies, but confirmation requires price and flow follow-through.
Facts
Event
DOGE drops to multi-month lows; exchange flows turn positiveDate/Time
2025-11-20T11:08:00+05:00Entities
Dogecoin (DOGE); U.S. SEC; Bitwise Asset Management; CoinDesk (data/analysis)Figures
$0.160 → $0.149 price move; $0.155 support lost; ~4.72B DOGE (~$770M) whale buys (2 weeks)Quotes
“Exchange net inflows turned positive for the first time in months a historical precursor to relief rallies.” Market commentary summarized from reporting. CoinDeskSources
CoinDesk “Dogecoin Hits Multi-Month Lows as Exchange Flows Turn Bullish …” (coindesk.com); Yahoo Finance “Dogecoin Hits Multi-Month Lows …” (finance.yahoo.com)