Dogecoin Spot Flows Shift -252.97% to Start Week: Key Price Levels to Watch

Dogecoin saw its spot flows dip at the week's start as the markets await key catalysts. According to CoinGlass data, Dogecoin spot flows fell 252.97% in the last 12 hours, with spot outflows higher.

Spot outflows came in at $22.87 million, while inflows arrived at $21.93 million. The difference in inflows and outflows is -$940,180, resulting in a negative spotflow drop of 252.97%.

This week will see the markets digest crucial data, including producer price inflation, to help assess the Federal Reserve’s interest-rate policy direction. April 15 brings the U.S. tax filing deadline, which could put pressure on cryptocurrency holders managing their finances and add volatility to the market.

DOGE/USD Daily Chart, Image By: TradingView

At the time of writing, Dogecoin was down 0.23% in the last 24 hours to $0.09 and down 2.32% in the last seven days.

According to analysts, Dogecoin fractals seem to be telling a clear story.  Alicharts indicated that Dogecoin is seeing a typical "coiling" phase that historically happens before the next parabolic move. He believes that smart money might begin to accumulate between $0.060 and $0.090. Key resistance levels for Dogecoin in the short term are $0.093 and $0.104, which will target $0.14 if broken.

Dogecoin advances quantum-proof experiments

Toward the weekend, Dogecoin developers revealed they have been running experiments on Dogecoin mainnet, where a post-quantum proof (using Falcon-512 and similar quantum-safe signatures) is attached to normal Dogecoin transactions.

They stated that this allowed them to prove on-chain that a quantum-safe signature was created for the transaction, without changing how Dogecoin works today.