Dogecoin (DOGE) potential decrease by 15% uncovered
The Bull and Bear Power indicator has flipped into negative territory, confirming the dominance of bearish forces in the Dogecoin market. This shift comes as the digital currency hovers near a critical support level at €0.21.
Two key Dogecoin investor groups, medium-term investors (6-12 months) and short-term investors (1-3 months), have decreased their positions. The percentage of short-term investors has dropped significantly, from 8.0% to 4.614%, while the percentage of medium-term investors has decreased from 15.46% to 14.705% in just two weeks.
This retreat of key investor cohorts increases the downside risk for Dogecoin. Retail investors are also pulling back, with on-chain and technical data suggesting a potential 15% correction for the cryptocurrency in the coming weeks.
In recent weeks, large investors ("whales") have increased their Dogecoin holdings, accumulating around 680 million DOGE in August 2025. This accumulation contrasts with retail investors who have sold over 1.5 billion DOGE tokens. Institutions such as Bit Origin have transferred $500 million worth of DOGE to cold storage, indicating long-term bullish positions. However, no specific new institutions have been publicly identified as recent major buyers.
The potential approval of a U.S. spot DOGE ETF could stimulate institutional inflows of about $1.2 billion, but as of now, institutional buyers are not actively buying Dogecoin.
Historically, once the threshold of 73% of the Dogecoin supply being in profit is crossed, significant price corrections follow. Currently, 76.95% of the circulating supply of Dogecoin is still in profit. If Dogecoin breaks down below the €0.21 support level, the trend would become clearly bearish.
The high profitability level of Dogecoin could continue to weigh on its price. The simultaneous retreat of key investor cohorts signals reduced confidence in a short-term rebound. Unless there's a quick turnaround, caution is advised for Dogecoin investors.
The next key support level is at €0.20, but the broader target is at €0.18, indicating a potential 15% drop from current levels. It's important to note that this article does not provide new information about the current support levels for Dogecoin or the historical price corrections following the crossing of the 73% threshold of the Dogecoin supply being in profit.
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