- The level of support of $ 0.15 of Dogecoin in a meticulous examination.
- Other market players absorb pressure on the sale side.
Dogecoin bleeds under the weight of his own giants.
In just a week, 570 million Doge have slipped whales into the abyss, a silent capitulation flow. In chain, the Production Production ratio spent (SOPR) checks in red.
In short, each piece moved a loss made, a story of Fomo discoloration.
However, despite the underlying underlyier, Doge limited its weekly decline at only 1.50%, with prices consolidating around the bar of $ 0.15.
According to Ambcrypto, this resilience alludes to the resistance on the side of buying – perhaps from retail cohorts or intermediate level – absorbing the liquidity of the sale and softening the blow.
But does this resilience confirm a background? Or is it just a break before the next step?
High capitulation
Dogecoin has retraced all of its post-electoral gains, now negotiating 70% below its November 2024 peak by $ 0.49.
Consequently, a substantial part of short -term holders (STHS) is currently seated with unrealized losses or has already liquidated their positions near rupture.
The graph below illustrates this distribution. On January 17, 17.47% of the DOGE circulation offer was owned by the 1 to 3 month cohort, the marking as the third group of holders.
In fact, the concentration of this cohort is aligned with the annual Doge peak of $ 0.41. Consequently, coinciding with the rally induced by Fomo.
Since the latest data, this cohort now holds 6.5% of Doge circulation food, which represents a significant reduction in their assets from the local summit.
Source: Glassnode
This contraction of the offer is reinforced by the negative SOPR, validating that a significant part of these STH makes the losses, also indicating a decreasing conviction in a short -term price reversal.
While the cohorts of the whales and the STH capitulate with low confidence, the support area of $ 0.15 in Doge remains vulnerable to new downward pressure.
As such, confirmation of a background of the market is not conclusive.
Strong hands refuse to start while Dogecoin corrects
The structure of the Dogecoin market continues to present structural fragility. However, a subset of high condemnation holders is not discouraged.
In particular, the change in position of the net Hodler overturned positive in Confluence with the Doge rally at the local level of $ 0.41 earlier this year.
Subsequently, he reported a clear accumulation of long -term holders during a period of market euphoria.
In addition, as the graph above shows, the cohort of 1 to 2 years has become the main accumulator, their assets going from 28% to 32%. Consequently, solidifying their position as a dominant cohort of Dogecoin.
Source: Glassnode
In addition, the cash flow flows indicate a clear trend in the absorption of retail, because the net outputs of 16.48 million Doge align with the recent Dogecoin recovery at $ 0.14.
This suggests that retail portfolios absorb the pressure of the sale.
Collectively, these cohorts absorb the distribution of STHS addresses and whales, which, in turn, experience substantial reductions in the number of addresses.
Dogecoin is clearly trapped in a rope on the market.
Nevertheless, the LTH accumulation serves as a key bull signal for the potential recovery of the market. However, the breaking of Doge in relation to its current consolidation remains subject to the full absorption of the liquidity of the sale.
Until then, the support level of $ 0.15 remains structurally fragile. Consequently, the recent stability in DOGE prices can represent a transient balance rather than confirmed reversal.
