đ Dogecoin Faces $57M in Outflows â Is More Downside Ahead?
Dogecoin is showing signs of weakening demand as roughly $57.2 million in net spot outflows were recorded over seven days.
According to CoinGlass, outflows reached $538.16 million, while inflows totaled $480.96 million. During the same period, DOGE dropped nearly 9%.
The gap between buying and selling activity suggests that sellers currently have the upper hand. However, outflows alone donât guarantee another decline.
đ Whatâs next for DOGE?
Bulls need to restore buying momentum and stabilize price action to challenge nearby resistance. If selling pressure continues and buyers remain cautious, DOGE could face further downside. A sustained recovery in spot inflows would offer a more constructive signal.
For now, Iâm watching whether capital flows begin to improve or selling pressure intensifies. The next move depends on how convincingly buyers respond.
$DOGE
$ROSE
$BOME
Dogecoin is showing signs of weakening demand as roughly $57.2 million in net spot outflows were recorded over seven days.
According to CoinGlass, outflows reached $538.16 million, while inflows totaled $480.96 million. During the same period, DOGE dropped nearly 9%.
The gap between buying and selling activity suggests that sellers currently have the upper hand. However, outflows alone donât guarantee another decline.
đ Whatâs next for DOGE?
Bulls need to restore buying momentum and stabilize price action to challenge nearby resistance. If selling pressure continues and buyers remain cautious, DOGE could face further downside. A sustained recovery in spot inflows would offer a more constructive signal.
For now, Iâm watching whether capital flows begin to improve or selling pressure intensifies. The next move depends on how convincingly buyers respond.
$DOGE
$ROSE
$BOME