DOGE hits multi-month low, exchange funds flow shifts to bull run for the first time

Recently, the price of DOGE (Dogecoin) has hit a multi-month low, attracting widespread attention from the market. However, the inflow and outflow data from the exchange shows that for the first time in the past six months, there are clear signs of a bull run, providing new reference signals for investors.

Background of Multi-Month Lows

As of November 2025, the price of DOGE has fallen to its lowest level in recent years, mainly influenced by a decrease in overall cryptocurrency market risk appetite and macroeconomic uncertainty. Investors generally adopt a wait-and-see attitude, which has led to a decline in short-term trading activity for DOGE and increased price volatility. Data shows that the average daily trading volume of DOGE has decreased by about 18% over the past month, reflecting the cautious sentiment among market participants.

While prices remain sluggish, DOGE's attention on social media remains relatively stable, indicating that despite the price decline, the core community remains active, laying the groundwork for a potential rebound.

Exchange traffic turns bull for the first time

It is worth noting that on-chain data from the exchange shows significant changes in the flow of DOGE funds: for the first time in the past six months, the net inflow of the exchange has turned positive. This means that more investors are transferring DOGE from their wallets to the exchange, preparing to buy or trade, indicating a shift in market sentiment towards an optimistic signal.

Changes in capital flow are often seen as potential indicators of short-term price reversals. During the prolonged slump of DOGE, the capital flow on the exchange first turned bullish, indicating that the price may find support in the bottom region, providing an opportunity for future price rebounds.

Market Factors Analysis

The recent trend of DOGE is influenced by multiple factors:

1. Macroeconomic environment: Global market volatility increases, investor risk appetite declines, putting pressure on the price of DOGE.
2. Retail Investor Behavior: Retail investors are increasingly willing to buy at lower levels, but overall market sentiment remains cautious.
3. Cryptocurrency market sentiment: The trends of Bitcoin and Ethereum directly affect DOGE, and the recent volatility in major coin prices has weighed on DOGE.
4. Community and Social Hotspots: The DOGE community remains active, and social topics have increased the potential for capital inflow.

Investor Strategy Recommendations

In the current market environment, investing in DOGE requires caution and rationality:

• Follow on-chain capital flow: Exchange capital flow is an important reference indicator of short-term price trends.
• Position control: Entering at low levels should be done in batches to avoid large one-time investments.
• Observe the trends of mainstream coins: The price of DOGE is closely related to Bitcoin and Ethereum, with significant influence from macro trends.
• Grasp community hotspots: Social media and community trends can serve as a reference for short-term market sentiment.

Although the price of DOGE has hit a multi-month low, the exchange flow has first turned towards a bull run, providing a potential support signal for the market. This means there may be an opportunity to build positions in the low area, but investors still need to maintain risk awareness and make rational decisions based on market dynamics.

Summary

DOGE has experienced several months of sluggishness, but the change in on-chain capital flow indicates that market sentiment may be quietly warming up. In the short term, prices may still fluctuate, but the inflow of funds at low levels and the activity of the community provide potential momentum for a future rebound of DOGE. Investors should combine technical indicators, on-chain data, and market hotspots to scientifically plan their investment strategies, seize opportunities in the crypto market, and avoid the risks brought by emotional trading.