Dogecoin’s price recently dipped from $0.160 to $0.149, breaching the crucial support level of $0.155. However, for the first time in six months, exchange inflows have turned positive, suggesting a potential bottom despite the prevailing selling pressure. This shift in dynamics, coupled with significant whale acquisitions, has caught the attention of investors who are keenly watching the price reactions in the $0.150–$0.155 range as the decision window for a spot DOGE ETF approaches in the new week.
Strengthening Buy Signals Despite Support Break
Within the last 24 hours, Dogecoin 
$0.08514 experienced a 7.4% drop in value, sliding from $0.160 to $0.149 and falling below the long-held $0.155 support. This price movement confirms the breakdown of the descending triangle pattern that has been forming throughout the year. The trading volume soared 18% above the weekly averages, indicating that most selling pressures stemmed from institutional channels.
From a technical standpoint, the dip below the 0.5 Fibonacci retracement level hints at a risk that DOGE may head towards the $0.145–$0.140 range. Concurrently, rising lows in the RSI indicator and weakening momentum observed in the MACD suggest a deceleration in selling pressure.
On-chain data reveals an aggressive accumulation by large investors despite the price decline. Over the past two weeks, approximately 4.72 billion DOGE, valued at around $770 million, have been added to wallets. Simultaneously, net inflows to exchanges have turned positive, a structural shift observed in markets before previous bottoms.
ETF Expectations and On-Chain Behavior to Steer the Course
Analysts note that the decision window for the DOGE ETF application, under article 8(a), will open within the next seven days. A possible approval could break the current technical squeeze upwards, propelling the price into the $0.162–$0.165 range. However, if the price sustains below $0.150, the selling wave might expand to the $0.115–$0.085 band.
Investors should closely monitor net exchange flows and whale movements, as these indicators have historically been leading signals for reversals in the past two years. The overall market sentiment, which currently hovers at an extreme fear indicator level, keeps the possibility of a sharp upside reaction alive.
DOGE is expected to range between $0.149 and $0.158 in the short term. The ETF decision process, combined with technical indicators, will be the key factor in determining whether the direction breaks up or down. According to CryptoAppsy data, Dogecoin was trading at $0.1576 at the time of this report, marking a 0.99% increase in the last 24 hours.
