Dogecoin (DOGE) Price: Whales Are Buying the Dip While ETF Investors Sit on Their Hands

TLDR

• Dogecoin dropped over 5% in 24 hours, trading around $0.091
• Dogecoin ETF products recorded zero net flows for eight straight days
• U.S. traders bought roughly 4.5 million DOGE on Kraken during a recent price dip
• A death cross has formed on the chart, a pattern generally seen as bearish
• Qubic has scheduled a Dogecoin mining integration for April 1, 2026

Dogecoin has dropped more than 5% in the past 24 hours, with prices hovering around $0.091. The decline comes as the broader crypto market pulled back, with total market capitalization falling 1.18% to $2.4 trillion.

The token remains above the $0.092 support level for now, but selling pressure has been building. The Relative Strength Index sits around 41, and the MACD indicator shows an early bearish crossover. For bulls to regain control, analysts say DOGE needs to reclaim $0.095 first.

A death cross has also formed on the chart. This happens when a short-term moving average crosses below a long-term one. It is widely read as a bearish signal.

ETF Investors Hold Back

Data from SoSoValue shows zero net flows into Dogecoin ETF products for eight consecutive days. No new money came in, and no money left either.

This means institutional investors have not reacted to recent price swings in either direction. Some analysts see the inactivity as caution. Others read the lack of outflows as a sign that existing holders expect prices to recover.

The gap between institutional and retail behavior is clear. While ETF flows stayed flat, retail traders on Kraken bought roughly 4.5 million DOGE tokens in a 12-hour window during a price dip.

Whale Buying Activity

On-chain data from CryptoQuant shows taker buy dominance across major exchanges over the past 90 days. This means aggressive buyers have been outpacing sellers in spot markets.

The pattern has appeared several times during recent price corrections. Traders appear to be treating dips as buying opportunities rather than exit signals. Analysts say this type of accumulation often comes before a price breakout, though no move has materialized yet.

Whale activity points to interest in a potential move above $0.10. DOGE was rejected at that level recently and has not regained it since.

Qubic has confirmed an April 1 launch for its Dogecoin mining campaign. The company says each share mined will be validated by Oracle Machines, which went live on mainnet February 11. Dogecoin mining is described as the first external proof-of-work application built on that system.

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