Dogecoin Exchange Flows Turn Positive Amid Potential Rebound Signal

Recent data indicates a shift in Dogecoin's market structure, as highlighted by crypto analyst Ali Martinez. Dogecoin's net supply on exchanges has turned positive, suggesting potential market changes.

Key Observations

The Glassnode chart shows monthly exchange inflows and outflows of DOGE with green bars for net inflows and red bars for net outflows.
From mid to late 2024, there were strong net inflows, correlating with a price increase from below $0.10 to $0.48.
In early to mid-2025, mixed inflow patterns stabilized the price between $0.12 and $0.30.
By late 2025, net outflows increased but recently switched back to net inflows, which may signal a rebound as the price hovers above $0.15.

DOGE Price Dynamics

An ATH-partitioned UTXO Realized Price Distribution (URPD) chart highlights that 27.4 billion DOGE accumulated at approximately $0.08, marking it as significant support.
A shaded "GAP" exists between $0.07–$0.16, with minor resistance levels around $0.096, $0.125, and $0.155.
Above the gap, a cluster at $0.162 contains 2.9% of the supply, with support quickly vanishing below $0.16.

Market Cohorts

A cost-basis distribution heatmap reveals two core holder groups: one near $0.08 with over 27 billion DOGE and another near $0.20 with over 12 billion DOGE.
The newly positive exchange flows create a focus for traders watching DOGE's potential movement between these price ranges.

Currently, DOGE is trading at $0.158.