Dogecoin's Struggle: Why Aren't the Big Players Interested?

Current Trading Range

• Price: $0.127–$0.128
• Change: Down ~3%

Dogecoin has been stuck in a tight range, with no significant price movements. While some traders speculate stabilization, others remain skeptical.

Institutional Indifference

• ETF Activity: No new inflows for over a week
• Comparison: Bitcoin ETFs manage billions; Dogecoin ETFs are minuscule

The lack of institutional interest is concerning. Dogecoin's continuous supply increase could further depress prices, casting doubt on long-term prospects.

Potential Turnaround?

Traders are watching for an inverse head and shoulders pattern, which could signal a price rise. However, this depends on Dogecoin staying above $0.128–$0.13. If it drops below, bullish hopes may fade.

Current Market Sentiment

• Price Action: Moving sideways, just below key resistance
• Trading Volume: Low, indicating weak buyer confidence

For a sustained upward move, Dogecoin must break and hold above $0.13. Failure to do so could lead to further declines.