Dogecoin Price Prediction as Whale Positioning Signals Market Uncertainty Amid $17M Spot Outflows

Dogecoin (DOGE) is down by 0.55% today, August 18, to trade at $0.069 at the time of writing. The dip comes on the back of mixed sentiment from whales despite rising Dogecoin outflows from exchanges. Meanwhile, demand for Dogecoin ETFs has faded as the products amass zero inflows since August 4.

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Dogecoin Whales Positions Diverge

Data from CoinGlass shows that two whales have opened large futures positions on Dogecoin on Hyperliquid today. One of the whales has opened a long position and the other a short position, suggesting that the sentiment towards Dogecoin by large holders remains mixed.

The long position is valued at $2.57 million per CoinGlass data, with the long whale buyer already sitting on an unrealized loss of $19,250. On the other hand, the $1 million short position had an unrealized profit of $8,210 at the time of writing.

The diverging whale positions come after a recent report by CoinGape revealed that whales purchased 470 million DOGE tokens valued at $33 million ahead of President Trump’s meeting with crypto executives on August 19.

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DOGE Spot Outflows Top $17M Despite Weak Institutional Demand

Data from Coinglass shows that Dogecoin has recorded $17 million spot outflows between August 12 and August 18. These outflows have occurred for six straight days, suggesting that the selling pressure is easing as the price of Dogecoin defends the support at $0.069.

Still, buy-side volumes from institutions remain weak, with SoSoValue data showing that Dogecoin ETFs have not posted any inflows since August 4. DOGE ETFs have also seen activity for only two days in August 2026, suggesting a disinterest from institutions.

An earlier report by CoinGape revealed that Dogecoin ETFs had their worst month in July 226 after outflows reached $525,000. These products are now on track to record another bad month as month-to-date outflows reach $482,000.

Dogecoin Price Prediction as RSI Hints at Rising Bullish Momentum

The price of Dogecoin remains in a tight range between $0.069 and $0.073. The meme coin has moved within this narrow range since July 17 amid weak buy-side and sell-side volumes.

Dogecoin needs to close above the top of this range at $0.073 for an uptrend to begin. Conversely, a close below the support of $0.069 could trigger an increase in selling pressure and push DOGE to a multi-year low of $0.065.

The one-day chart also shows that the RSI line is rising and creating higher lows. This supports a bullish long-term Dogecoin price outlook because it suggests that bullish momentum is building up slowly as sellers lose their grip.

The AO bars that have turned green despite being negative also show that the bearish momentum is becoming weak, and if buyers step out of the sidelines, Dogecoin price could move to the top of the consolidation range at $0.073.