Dogecoin Hits Multi-Month Lows as Exchange Flows Turn Bullish for First Time in 6 Months

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MarketsShare this articleBy Shaurya Malwa, CD AnalyticsUpdated Nov 20, 2025, 6:08 a.m. Published Nov 20, 2025, 6:08 a.m.(CoinDesk Data)What to know:Dogecoin's price fell from $0.160 to $0.149, breaking the critical support level at $0.155.Whale accumulation and positive exchange net inflows suggest potential for a market bottom despite ongoing price declines.Traders should watch for a DOGE ETF decision and price movements around $0.155 and $0.150 as key indicators.Major support at $0.155 collapsed under heavy selling pressure, yet improving exchange flows and accelerating whale accumulation suggest downside exhaustion may be nearing.News Background• DOGE dropped from $0.160 to $0.149, breaking major support at $0.155• Exchange net inflows turned positive for the first time in months — a historical precursor to relief rallies• Analysts flag a potential DOGE ETF approval window under Section 8(a) within the next seven days• Whale accumulation totals 4.72B DOGE ($770M) over two weeks despite falling prices• Broader crypto market remains in extreme fear, with sentiment at its lowest since AprilSTORY CONTINUES BELOWDon't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newslettersBy signing up, you will receive emails about CoinDesk products and you agree to our terms of use and privacy policy.Crypto markets continue to deteriorate as Bitcoin’s “Death Cross” and risk-off conditions pressure altcoins. However, DOGE’s exchange flow dynamics flipped positive — a structural shift that historically appears near market bottoms. Analyst Ali Martinez notes similar inflection points preceded reversible capitulation phases in prior cycles.Price Action SummaryDogecoin plunged 7.42% during the 24-hour session, collapsing from $0.160 to $0.149 in a breakdown that shattered the critical $0.155 support that anchored the previous consolidation range. Volume jumped 18.39% above weekly averages, confirming institutional participation rather than retail panic.The selloff marked a clean violation of the 0.5 Fibonacci retracement from the prior bull cycle and drove price directly into the lower boundary of DOGE’s year-long descending triangle. The decline extended through multiple intraday floors before stabilizing near $0.149-$0.151. Oversold conditions emerged as RSI built bullish divergence against fresh price lows, while short-lived MACD death crosses hinted at exhaustion in downward momentum.Technical AnalysisDogecoin now sits at a high-stakes intersection of breakdown confirmation versus reversal potential. The collapse below $0.155 completes the descending-triangle resolution, traditionally projecting continuation down toward the $0.145-$0.140 zone. However, counter-signals are building.Whale accumulation has intensified materially, with high-value wallets absorbing over 4.7B DOGE as price dropped — a sign of strong hands stepping in against weak retail flows. Simultaneously, exchange net inflows have flipped positive for the first time in months, a structural shift that previously preceded tradable bottoms.Momentum indicators support this divergence: RSI continues to push higher even as price prints lower lows, and MACD’s bearish signals are rapidly fading. This creates a mixed but increasingly interesting setup where the technical breakdown clashes with early reversal signals rooted in on-chain behavior.DOGE’s price will likely remain compressed between $0.149 support and $0.158 resistance until ETF catalysts or macro sentiment provide a decisive push.What Traders Should WatchTraders face a binary setup shaped by both regulatory catalysts and technical inflection:• Monday’s Section 8(a) DOGE ETF deadline — a surprise approval could trigger immediate repricing• Reclaim of $0.155 — essential for negating the breakdown and reopening path to $0.162-$0.165• Failure at $0.150 — exposes fast continuation toward $0.115-$0.085 demand zones• Exchange flow direction — continued positive net inflows would strengthen reversal thesis• Macro sentiment — extreme fear across BTC and altcoins may produce sharp relief moves, but also increases breakdown riskThe risk/reward setup becomes highly favorable for directional traders as DOGE approaches the apex of a multi-year structure while ETF catalysts converge with on-chain accumulation dynamics.More For YouProtocol Research: GoPlus SecurityBy CoinDesk ResearchNov 14, 2025Commissioned byGoPlusWhat to know:As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. 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