$DOGE is flashing red flags as its overall market structure weaken. A combination of rising selling pressure and user apathy is pushing the Memecoin to the brink of a deep decline.
🔹 Arkham data show that DOGE deposit to centralized exchange have been steadily increasing over the past week. This is a clear sign that Hodler are moving their coin to exchange to unload rather than commit to long term holding.
🔸 Glassnode URPD chart show a worrying structural gap below current price.
Realized Support above $0.081 is extremely limited. This mean that if DOGE loses the key support level of $0.13358, the price will face little resistance and could slide rapidly toward the $0.081 region.
🔹 Daily active addresses have dropped to 29,000, reversing the early month rally. The decline in network interaction has weakened liquidity, making it difficult for the Bulls to defend the price.
$DOGE is trading around $0.14189, held back by the 4H EMA and the descending channel. To reverse, the Bulls will have to retake the $0.15356 level a task that is becoming too much in the current environment.
Do you think DOGE will successfully defend at $0.133 or will it freefall to the early 0.08 range?
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