Dogecoin Holds Steady As Retail Interest Fades And Bearish Signs Grow
LONDON — November 5, 2025 — Dogecoin (DOGE) rose slightly by over 1% on Wednesday, marking its first positive session of the week. The meme-inspired cryptocurrency trades above $0.157, holding ground after a week of heavy selling that shook retail confidence and triggered profit-taking among long-term holders.
Market data shows that Dogecoin continues to face declining demand from both traders and investors, suggesting a cooling sentiment across the broader crypto market. Despite the temporary bounce, analysts warn that on-chain and technical indicators remain largely bearish.
Retail Demand Weakens To Seven-Month Low
Dogecoin’s open interest in futures markets dropped to $1.41 billion, its lowest level in seven months, according to CoinGlass. The decline reflects waning enthusiasm among retail participants and reduced speculative activity across derivatives platforms.
“DOGE has always been a community-driven token,” said market analyst Vishal Dixit. “When enthusiasm fades, liquidity tends to thin quickly. The current data suggests that small traders are staying on the sidelines.”
Long-Term Holders Begin Taking Profits
On-chain metrics reinforce the view of weakening confidence among holders. The Spent Coin Age Band, which measures previously dormant coins now being moved, jumped to 377 million DOGE on Tuesday from 126 million the day before. This sharp increase indicates that long-term holders are realizing gains as market uncertainty grows.
Additionally, Santiment data shows that only 56.4% of Dogecoin’s supply is currently in profit, down from 83.8% one month ago. The reduction highlights growing pressure on investors to exit positions after recent price declines.
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Technical Charts Flash Bearish Warnings
Dogecoin’s technical outlook remains negative. The 100-day Exponential Moving Average (EMA) recently crossed below the 200-day EMA, forming a death cross pattern — a signal often associated with extended bearish momentum.
If DOGE fails to sustain support at $0.157, the next critical zones lie near $0.143 and $0.130, corresponding to the June and April lows. Conversely, analysts say that a break above $0.178 could revive short-term optimism and spark a modest recovery rally.
Momentum Indicators Confirm Downside Pressure
The Moving Average Convergence Divergence (MACD) indicator continues to expand below the signal line, reflecting persistent selling strength. Meanwhile, the Relative Strength Index (RSI) has fallen to 32, hovering near oversold territory.
“These readings suggest that Dogecoin may experience another leg down before finding a stable base,” Dixit explained. “However, oversold conditions could trigger a brief relief bounce if market sentiment improves.”
Broader Market Context
Dogecoin’s weakness mirrors the broader crypto market’s cautious mood. With Bitcoin consolidating below $100,000 and altcoins experiencing reduced trading volumes, investors are adopting a more defensive stance.
Market analysts expect volatility to remain elevated through the remainder of November as traders monitor U.S. macroeconomic indicators and global liquidity trends. Meme-based assets such as DOGE are typically more sensitive to sentiment shifts than established cryptocurrencies.
Outlook: Dogecoin Faces Key Test Of Support
For Dogecoin to regain momentum, it must reclaim resistance levels and attract renewed participation from retail investors. Analysts say sustained buying above $0.178 would signal the start of a potential recovery phase.
“Dogecoin’s resilience will depend on its community’s ability to reignite enthusiasm,” Dixit said. “Until then, bearish pressure and reduced engagement could limit upside potential.”
