Dogecoin opened the week under pressure as spot flows turned sharply negative. Data from CoinGlass shows a 252.97% decline in spot flows within 12 hours. Outflows reached $22.87 million, slightly exceeding inflows of $21.93 million.
The imbalance resulted in a net outflow of about $940,180. This shift suggests short-term selling pressure as traders reposition. Market participants appear cautious ahead of macroeconomic events expected this week.
Upcoming U.S. producer price data and the April 15 tax deadline may influence liquidity. These factors often trigger portfolio adjustments, especially among retail investors. As a result, volatility may increase across the crypto market, including Dogecoin.
Price Action Reflects Continued Downtrend
At the time of writing, Dogecoin trades at around $0.09419. The asset recorded a 3.51% increase in the last 24 hours and a 4.08% weekly gain.
Short-term resistance stands near $0.0916, while immediate support sits at $0.0904. Price action remains tight, reflecting low momentum.
Analysts note that Dogecoin is currently in a consolidation phase. This pattern often precedes a larger move. Market sentiment remains neutral, with no strong bullish or bearish dominance at present.
Some traders expect accumulation within the $0.060 to $0.090 range. A breakout above $0.090 could shift momentum. Further strength above $0.104 may open the path toward $0.14. However, confirmation is still lacking.
Developers Advance Quantum Security Tests
Dogecoin developers are testing post-quantum security features on the mainnet. The experiment involves attaching quantum-safe signatures, including Falcon-512, to transactions.
This approach allows verification of quantum-resistant signatures without altering the current network structure. The initiative remains experimental but marks a technical milestone.
Members of the Dogecoin Foundation confirmed successful test transactions. Core contributors continue to refine tools within the libdogecoin repository. A draft proposal is also under review for broader implementation.
The development signals long-term focus on network resilience. While it does not impact price immediately, it may strengthen confidence in the project’s future.
