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

Why It Matters

The convergence of positive exchange flows, heavy whale buying, and a looming ETF decision could signal the end of the current crypto‑wide risk‑off phase and trigger a relief rally for Dogecoin, impacting altcoin sentiment and attracting institutional interest.

Summary

Dogecoin slid 7.4% on Nov. 20, falling from $0.160 to $0.149 and breaking the key $0.155 support level. Despite the drop, exchange net inflows turned positive for the first time in six months and whales accumulated 4.72 billion DOGE (about $770 million) over the past two weeks, suggesting bottoming pressure. Analysts point to a pending Section 8(a) DOGE ETF decision within the week as a potential catalyst, while technical indicators show mixed signals: a descending‑triangle breakdown versus bullish RSI divergence and fading MACD bears. The price is now poised between $0.149 support and $0.158 resistance, with further moves likely hinging on the ETF outcome and continued on‑chain accumulation.