Dogecoin – Another 18% price drop may be on the cards because…

ambcryptoPublicado em 2025-10-30Última atualização em 2025-10-31

Key Takeaways

What is the short-term outlook for Dogecoin?

Though there seemed to be some evidence for accumulation on-chain, it likely isn’t enough to prevent another 18% price slide .

Why is such a price slide expected?

Dogecoin’s OBV fell below the lows it established in August – A sign that selling volume inundated the spot market in October.

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. This range reached 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.

Dogecoin 1-day ChartDogecoin 1-day Chart

Source: DOGE/USDT on TradingView

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.

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.

Dogecoin SantimentDogecoin Santiment

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.

Previous: $300B in Bitcoin volume, but U.S. traders bet against BTC – Here’s why
Next: All about the Fed’s latest rate cut and ‘potential move to $150K Bitcoin’
Share

Leituras Relacionadas

Unitree Technology Soars 630% on Debut Day, with a Single Lottery Draw Profit of Nearly 500k, Market Cap Exceeds 440 Billion

In this public offering, Unitree Tech issued 40.4464 million shares, accounting for 10% of the total share capital after issuance, with total funds raised of approximately 6.099 billion RMB. The total share capital after issuance is about 404 million shares. In the initial listing period, the number of unrestricted freely tradable shares is only 30,087,720, representing about 7.44% of the total share capital.

Há 3m

Unitree Technology Soars 630% on Debut Day, with a Single Lottery Draw Profit of Nearly 500k, Market Cap Exceeds 440 Billion

Há 3m

The Philadelphia Semiconductor Index Tumbles Nearly 5% in a Single Night, Optical and Memory Sectors 'Collapse' Together: Surging U.S. Bond Yields Shake AI Belief

On the evening of August 18th, the US stock market saw a sharp sell-off concentrated in the AI hardware sector, with the Philadelphia Semiconductor Index plummeting nearly 5%. Leading AI infrastructure and components companies in fields like optical communication and memory chips experienced some of the steepest declines, such as Fabrinet (-19.38%) and Kioxia ADR (-13%). The sell-off was not broad-based but rather targeted the long-duration, high-momentum stocks previously driven by AI narrative optimism. This market shift is primarily attributed to a significant surge in long-term US Treasury yields, with the 30-year yield hitting its highest level since 2007. Rising yields increase discount rates, disproportionately impacting the valuations of growth stocks whose profits are projected far into the future—a category that includes most AI hardware plays. Additional pressure came from climbing oil prices due to Middle East tensions, which fueled inflation concerns. The article identifies three structural reasons for the severity of the drop in these specific subsectors: excessive prior gains and crowded positioning, high sensitivity to the sustainability of AI capital expenditure narratives, and inherent high volatility within the supply chain. Importantly, the sell-off appears to be a valuation and positioning reset rather than a fundamental repudiation of AI, evidenced by the relatively modest decline in a bellwether like Nvidia (-2.34%). Looking ahead, the direction hinges on three key indicators: whether the 30-year Treasury yield stabilizes, the trajectory of oil prices and geopolitical risks, and the market's pricing of new AI-related corporate debt. For related Asian and A-share markets, short-term negative sentiment spillover is expected, but medium-term drivers like domestic cloud capex may provide divergence. The episode signifies a market transition from pricing AI's "story" to rigorously evaluating its returns against a backdrop of higher financing costs.

marsbitHá 39m

The Philadelphia Semiconductor Index Tumbles Nearly 5% in a Single Night, Optical and Memory Sectors 'Collapse' Together: Surging U.S. Bond Yields Shake AI Belief

marsbitHá 39m

Ten Years, Wang Xingxing's Comeback: Unitree Valued at 400 Billion

Over a decade ago, Wang Xingxing, a 29-year-old with a passion for robotics but little funding, demonstrated his struggling robot dog to investors in Hangzhou. In 2019, with his company Unitree nearly out of cash, he captured the attention of Sequoia Capital China's managing director Li Yannan. Despite initial skepticism about the niche market for robot dogs, Wang's vision and deep technical conviction led Sequoia to make an initial seed investment. This marked a turning point. Following Sequoia's lead, a wave of prominent investors including Meituan, Tencent, Alibaba, and various venture capital and state-backed funds joined subsequent funding rounds. Wang's relentless focus and Unitree's technological advancements propelled the company to become a global leader in humanoid robotics. On August 19th, 2027, Unitree Robotics debuted on Shanghai's STAR Market as the first listed humanoid robotics company in China. Its shares skyrocketed over 500% at opening, reaching a market valuation of approximately 400 billion yuan. Wang Xingxing became one of the wealthiest individuals of his generation on the exchange, while Sequoia China, having invested across multiple rounds, remained a major shareholder. The story is celebrated as a classic outlier's triumph—a founder without elite credentials achieving success through pure belief and perseverance. Unitree's IPO is seen as a major milestone for China's embodied AI industry, providing a valuation benchmark and accelerating the sector's maturation. As Wang once stated, he aims to be "a small boat riding the mighty torrent of technology." His journey symbolizes the beginning of a new narrative for Chinese robotics on the global stage.

marsbitHá 40m

Ten Years, Wang Xingxing's Comeback: Unitree Valued at 400 Billion

marsbitHá 40m

Manufacturing's Share Drops Below 25%: Is Hangzhou Unconcerned?

Hangzhou is entering a critical phase of industrial restructuring. While its manufacturing-to-GDP ratio has fallen below 25%, the city is not alarmed. Instead, it is strategically navigating a dual focus: advancing advanced manufacturing and expanding its service sector, particularly producer services. Recently, the city celebrated the IPO of a humanoid robotics company, seen as a milestone in moving beyond its e-commerce era. Simultaneously, it set an ambitious target for its service sector: to exceed 2 trillion yuan in value by 2030, with producer services making up over 60%. Data shows a clear trend: the service sector's share of GDP has risen to 75.3%, while manufacturing's share has declined to around 20.1%. This shift revives the debate on whether a strong service sector weakens a city's manufacturing "foundation." Hangzhou's approach challenges the notion of a fixed manufacturing "red line" near 25%. The city argues that the quality and integration of industries matter more than simple ratios. Its strategy is "using software to drive hardware," leveraging its core strengths in digital economy and producer services—like R&D, software, and supply chain management—to empower and add value to manufacturing. This is embodied by its emerging "AI era" companies, whose innovation in Hangzhou feeds into national industrial chains. The city believes that for a hub like Hangzhou, the key is not merely boosting visible manufacturing output, but strengthening the "invisible" competitive edge provided by high-end producer services, which ultimately determine manufacturing profitability. National policy is also shifting from insisting on a "stable" manufacturing share to acknowledging a "reasonable" range, allowing for quality-focused development. Hangzhou's future industrial blueprint aims for a manufacturing share above 22% of GDP by 2027, coupled with a dominant, high-value service sector. The goal is not to choose between manufacturing and services, but to deeply integrate them, using advanced services as the accelerator for next-generation manufacturing.

marsbitHá 1h

Manufacturing's Share Drops Below 25%: Is Hangzhou Unconcerned?

marsbitHá 1h

Trading

Spot
活动图片

Categorias popularesright-arrow

Etiquetas Popularesright-arrow