A significant inflow of 132 million Dogecoin (DOGE), valued at $27 million, from an unknown wallet to Robinhood has sparked fears of potential large-scale selling. This development, coupled with a high Network Value to Transactions (NVT) Ratio of 287 and declining retail demand, has heightened bearish sentiment in the market. Dogecoin's price remains within the $0.18–$0.20 demand zone, facing resistance at $0.22. The market's fragility is further underscored by sell-side dominance in derivatives and weak Relative Strength Index (RSI) readings, indicating potential downward pressure on the cryptocurrency.