🐕 Dogecoin Faces $57M in Outflows — 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 don’t guarantee another decline.
🔍 What’s 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, I’m 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 don’t guarantee another decline.
🔍 What’s 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, I’m watching whether capital flows begin to improve or selling pressure intensifies. The next move depends on how convincingly buyers respond.
$DOGE
$ROSE
$BOME