Dogecoin’s Short-Term Bearish Outlook: Potential 18% Slide Amid Selling Pressure

• Dogecoin dropped 9.34% to $0.176 amid Bitcoin’s volatility, testing the $0.175 support zone.

• On-balance volume hit new lows below August baselines, indicating overwhelming selling pressure.

• Daily active addresses fell in October, signaling reduced demand, though mean coin age suggests minor accumulation.

Dogecoin price prediction reveals bearish trends with OBV lows and fading network activity. Explore key indicators and support levels for 2025 outlook. Stay informed on DOGE’s potential slide to $0.15.

What is the short-term outlook for Dogecoin?

Dogecoin is experiencing a bearish short-term outlook as selling pressure mounts, with the price sliding 9.34% to $0.176 on Thursday, 30 June, following Bitcoin’s dip to $106.3k. Open interest dropped 3.55% in 24 hours, reflecting waning trader confidence, though bulls defended the $0.175 demand zone. Despite some on-chain accumulation hints, overwhelming volume suggests a potential further decline to $0.15 if support breaks.

Why is a price slide expected for Dogecoin?

The on-balance volume (OBV) for Dogecoin has fallen below the lows established in August, signaling that selling volume has inundated the spot market throughout October. This indicator, which measures buying and selling pressure by adding volume on up days and subtracting on down days, now points to sustained bearish momentum. Data from TradingView shows this new low forming a concerning baseline, as it reflects capital outflows exceeding inflows. According to Santiment analytics, daily active addresses have declined steadily in October, hinting at reduced network activity and organic demand for DOGE.

Dogecoin [DOGE] suffered a bearish setback over the last 24 hours as Bitcoin [BTC] briefly fell to $106.3k, before bouncing higher. At its lowest point, DOGE hit $0.176 on Thursday, 30 June. This was a 9.34% slide from the day’s high at $0.194. At the time of writing, Dogecoin was exhibiting strong short-term bearish sentiment, with a 3.55% drop in Open Interest in 24 hours. However, the bulls managed to defend the $0.175 demand zone. For now.

Importance of $0.178, and the warning sign for Dogecoin bulls

Bitcoin has been trading within a range since August, from $124.5k to $107.5k. The brief plunge below the range lows in recent hours suggested that there is a chance for a bullish rebound, provided we see strong spot demand. Therefore, the chance of a Dogecoin rebound is also present. However, it would depend heavily on the capital inflows to the market in the coming days. Recently, though the $0.175-$0.185 demand zone has been defended, the selling pressure has been high too.

Source: DOGE/USDT on TradingView

This was evidenced by the OBV forming a new low, below the baseline it had established back in August. In fact, the recent selling volume has been overwhelming. And, it appeared that it may be only a matter of time before the bulls cave to the pressure. If Dogecoin falls below $0.175, the next support level would be the $0.15-level. This has been the base of the rising wedge pattern that began in June.

Source: Santiment

The daily active addresses have been falling in October. This hinted at reduced network activity and a fall in organic demand for Dogecoin. However, the mean coin age saw an uptick over the past two weeks. This could be a sign of on-chain accumulation, despite the spot selling seen on the price charts. The age consumed metric saw some spikes recently too, but nothing extreme. Overall, though the aforementioned findings seemed encouraging, they are unlikely to be enough to overturn the selling spree witnessed in recent weeks. Hence, a bearish bias and a price drop to $0.15 can be anticipated.

Market analysts from Santiment note that such divergences between on-chain metrics and price action often precede prolonged corrections in meme coins like Dogecoin. The rising wedge pattern, visible on daily charts from TradingView, adds to the cautionary signals, as a breakdown could accelerate the decline. Historically, Dogecoin has shown resilience tied to Bitcoin’s movements, but current data from on-chain platforms indicates that spot market sellers are dominating. For investors, monitoring capital inflows remains crucial, as any rebound would require sustained buying above the $0.178 resistance level to shift the momentum.

Furthermore, the decline in open interest underscores a broader sentiment shift. When futures positions unwind at this rate, it typically amplifies price volatility downward. Experts from financial analytics firms emphasize that without renewed interest from retail traders—often fueled by social media hype—Dogecoin’s path of least resistance points lower. The $0.15 support, coinciding with the June wedge base, represents a critical psychological floor, where previous accumulations have occurred.

Frequently Asked Questions

Will Dogecoin price drop below $0.15 in the near term?

Yes, a drop below $0.15 is possible if the $0.175 support fails, as indicated by the breaking OBV lows and declining active addresses. Santiment data shows reduced network engagement, supporting a bearish continuation from the current rising wedge pattern, potentially leading to an 18% slide.

How does Bitcoin’s range-bound trading impact Dogecoin?

Bitcoin’s consolidation between $107.5k and $124.5k since August creates spillover effects for altcoins like Dogecoin. A breakdown below the range low, as seen in the recent dip to $106.3k, pressures DOGE downward due to high correlation, though a rebound with strong demand could lift it toward $0.185.

Key Takeaways

• Bearish Momentum Dominates: Dogecoin’s OBV hit new August lows, signaling heavy selling that could push prices to $0.15 if $0.175 breaks.
• Network Activity Declines: Falling daily active addresses in October indicate waning demand, per Santiment, outweighing minor accumulation signals.
• Monitor Bitcoin for Rebound: DOGE’s fate ties to BTC’s range; watch for spot inflows to defend key zones and potentially reverse the slide.

Conclusion

In summary, Dogecoin’s short-term outlook remains bearish amid declining OBV and network activity, with a potential slide to $0.15 on the horizon if support levels falter. While on-chain accumulation offers faint hope, overwhelming selling pressure suggests caution for holders. As market dynamics evolve in 2025, staying attuned to Bitcoin’s movements and on-chain indicators will be essential—consider diversifying or waiting for confirmed reversal signals before positioning.