Dogecoin News Update: DOGE Profitability Slips as Price Tests Key Support

Dogecoin’s on-chain profitability has weakened as price action moved below key short-term support, according to the Glassnode data shared on X by Cryptollica. It tracks DOGE percent supply in profit using a seven-day moving average alongside price history from mid-2017 through mid-2025. Recent readings show a declining share of holders in profit as market structure shifts lower and trading activity increases.

The metric has closely followed DOGE’s major price cycles. Strong rallies pushed profitability sharply higher; extended corrections caused rapid compression. Current levels reflect renewed pressure as price trades near important technical thresholds.

Profitability Trends Reflect Historical Market Cycles

During the 2017 and 2018 rallies, the percent supply in profit surged above 80% and repeatedly crossed 90%. These periods had coincided with sharp price advances and widespread gains for holders.

After those peaks, profitability dropped quickly. The metric fell into the 0% to 30% range as DOGE entered a prolonged downturn and price momentum faded.

A similar structure appeared during the 2021 bull market; as the DOGE price accelerated toward highs near $0.70, profit-taking supply again exceeded 90%, indicating that most circulating tokens were trading above their realized cost basis.

Post-Peak Compression and Volatility

Following the 2021 peak, the DOGE price retraced through 2022. During this phase, the percent supply in profit declined steadily into the 25% to 35% range.

From 2023 to 2024, the metric showed sharp swings between roughly 40% and 85%. These fluctuations occurred alongside price rotations between $0.05 and $0.20.

Repeated shifts reflected alternating phases of profit-taking and renewed accumulation. Price failed to establish a sustained trend, while holder positioning changed frequently.

Breakdown Below Support Increases Short-Term Risk

CoinDesk reported that DOGE broke below $0.1370, confirming a loss of short-term trend support. Trading volume surged to 1.63 billion tokens during the sell-off, roughly 267% above average.

Price pushed through intermediate supports once $0.1320 failed. The lack of meaningful pauses showed limited bid depth during the decline.

After reaching session lows near $0.1290, DOGE began to stabilize. Volume eased and downside extensions shortened, signaling that selling pressure slowed.

Intraday action formed higher lows from the $0.1290 base. Sellers continued to appear near $0.1300, keeping the price capped and defining immediate resistance.

The immediate trend now hinges on DOGE maintaining the $0.1290–$0.1280 range. A permanent shift underneath would bring the next support level at around $0.1250 into view; however, a price move back up to $0.1300 would indicate easing selling pressure. 

Is this stabilization indicating a cease, or does it hint at the beginning of a further drop?

Also Read: Investing in Dogecoin? Check These Factors Before You Start

Conclusion

Dogecoin supply in profit has fallen toward 40% as the price broke $0.1370 support with heavy volume. Historical cycles show similar compressions after peaks. Price now trades near $0.1290 as selling pressure slows. The key takeaway is to watch support and volume for confirmation of direction.