SKN | DOGE Underperforms Majors as Support Failure Confirms Bearish Shift

Dogecoin slipped below the critical $0.152 support level in a heavy-volume breakdown that marked a clear shift toward bearish momentum. The move followed an abrupt collapse in institutional demand for the newly launched DOGE ETFs, which saw inflows drop 80% in a single session. The failure of this support now puts the spotlight on the $0.150 psychological zone — a level that could determine whether deeper declines unfold.

ETF Inflows Collapse as DOGE Lags the Market

The downturn began with a sharp decline in ETF inflows, which plunged from $1.8 million to just $365,420. This sudden contraction in institutional participation came during a broader market recovery, with Bitcoin retesting the $92,000 area and several high-beta altcoins rebounding strongly.

Unlike BNB, Solana, and Avalanche — all of which posted notable gains — DOGE faced persistent selling pressure. The drop reflected fading speculative appetite and thinner liquidity, following a familiar pattern seen in earlier meme-coin product launches where initial enthusiasm gives way to rapid cooling.

Technical Breakdown Confirms Shift Into Downtrend

The breakdown below $0.152 ended DOGE’s consolidation phase and established a decisive bearish structure. The chart printed a series of lower highs, alongside repeated failures to retest the $0.155 region. This pattern tightened into the early morning session before collapsing under heavy volume.

A 265 million surge in volume — 67% above the daily average — validated the breakdown as structurally significant. A 16.6 million sell spike at 02:08 UTC showed exactly where supply overwhelmed bids, driving prices swiftly toward the $0.150 psychological threshold.

Momentum has since turned fully bearish. The price structure now shows clean stair-step declines, with Fibonacci projections between $0.1495 and $0.1478 aligning with the next major liquidity zones. Indicators show no bullish divergences, signaling that buyers have yet to regain control.

Price Action Summary

DOGE traded from $0.1548 down to $0.1502 across the session, with the steepest losses occurring in the early morning hours. The breakdown accelerated precisely as ETF inflow data entered the market, triggering a synchronized technical-fundamental selloff.

Attempts to stabilize at $0.151 repeatedly failed, turning that area into immediate resistance. By session close, DOGE drifted sideways above $0.1500, with narrowing ranges and falling volume suggesting temporary exhaustion — but no confirmed reversal.

The $0.150 level now serves as the final line of near-term support before deeper retracement targets activate.

Outlook: Critical Levels to Watch

DOGE sits at a fragile technical juncture. A breakdown below $0.150 opens a clear path toward the $0.1495 Fibonacci level, followed by a larger liquidity cluster near $0.147. Any attempt at recovery will require a decisive reclaim of the $0.152 level. Without that, bearish momentum remains dominant.

ETF inflow weakness continues to compound the technical damage. Unless institutional demand returns, charts are likely to dictate near-term price behavior. Traders should monitor Bitcoin closely, as DOGE’s intraday moves remain highly correlated with BTC and sensitive to shifts in liquidity and whale activity.