Dogecoin signal mounting trouble Is a drop to $0.081 next?
$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.
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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