Dogecoin price rises against trend as $1.2 billion in Binance memecoins exit

Dogecoin’s price rose more than 2% after lower US inflation boosted risk appetite, even as Binance traders unloaded $1.2 billion in meme coins since October.

According to CryptoQuant analyst Darkfost, traders have reduced their exposure to memcoins because they consider these assets to be the riskiest part of the cryptocurrency market. Although Dogecoin has joined the recent rally in risk assets, Darkfost to caution The recovery may fade unless buyers return with sustained demand.

Dogecoin (Doug) was trading near $0.074 at the time of writing, up about 4.4% over the past 24 hours. The move came in the wake of US inflation falling to 3.5%, which eased pressure on the Federal Reserve to raise interest rates and improved demand for speculative assets.

Even after daily gains, Dogecoin remains below its key exponential moving averages. TradingView data shows that the token is still moving within a long-term downtrend, leaving the recent advance vulnerable to renewed selling.

The Binance sell-off kept Dogecoin under pressure

CryptoQuant figures show that about $1.2 billion worth of memecoin has left Binance since October 2025. Darkfost attributed the outflows to investors reducing their exposure to high-risk tokens while market conditions remained weak.

Dogecoin fell from around $0.26 in October 2025 to nearly $0.07 in July, a roughly 73% decline over eight months. In comparison, Bitcoin fell by about 50% over the same period, according to figures cited in the report.

The magnitude of the decline shows that Dogecoin underperformed Bitcoin during the sell-off, although Darkfost’s analysis links the weakness to memecoins’ risk profile rather than a Dogecoin-specific event.

Interest in new memes hasn’t completely disappeared. since Robin Hood series Launched on July 1, tokens issued on the network have attracted new speculative activity, with CASHCAT reaching a market cap of around $138 million.

While this activity has brought attention back to the memcoin sector, CryptoQuant data still indicates continued selling on Binance. Darkfost confirms that Dogecoin’s long-term outlook will remain bearish unless buying pressure becomes consistent.

DOGE is testing a key breakout area

The TradingView daily chart shows Dogecoin trading near the upper border of a descending triangle, with support gathering around $0.070 to $0.071. This pattern maintains the larger downward trend until the price closes above the falling resistance line.

The daily Relative Strength Index has rebounded to around 42, but is still below the neutral 50 level. Aroon data also favors sellers, with Aroon Down at 100 and Aroon Up near 28, according to the chart.

On the 4-hour time frame, the setup appears stronger. TradingView data shows a potential double bottom pattern near $0.071, while the MACD produced a bullish crossover and the Chaikin Money Flow reading rose to around 0.21.

A break above the neckline near $0.0755 could open a move towards $0.080 to $0.081 based on the measured target of the pattern. Failure to cross this level could send DOGE back towards the support at $0.072 or $0.071.

CoinGlass data places a dense set of short liquidation levels between around $0.075 and $0.078. Another liquidity pool is near $0.070 to $0.071, leaving Dogecoin between two heavily traded areas as buyers try to extend the inflation-led recovery.