Institutions do not buy, retail investors are exiting, a stagnant pool, prices keep falling

Dogecoin has caught everyone's attention again. The technicals for Dogecoin against Bitcoin had already indicated it might strengthen again. Earlier this year, DOGE/BTC experienced a liquidity shock, first dropping sharply and then recovering its lost ground, potentially setting the stage for the next significant rebound.

Dogecoin has a considerable upside potential; it has broken through the previous sell-side liquidity zone on the weekly chart, which was between 140-160 Satoshis and had been a key support for the past few months.
By July 2025, the price had once fallen below this range, triggering many stop-losses, which is known as 'liquidity hunting', but the price quickly reversed thereafter.