There's no change in price even though Coinbase announced support for Dogs (DOGS) for perpetual futures, maybe that is due to the listing for perpetual futures, different case if they list it for spot trading, maybe we will see quite significant price growth. BTW, today Dogs (DOGS) experienced an increase in price, as a result of the increase in the price of Bitcoin (BTC).
The airdrop participants have not yet finished offloading their rewards. That puts huge pressure on the market. And it makes whales worried to make their entry, But they can come and pump the token once all of airdrop is fully distributed.
Your analysis can be right or wrong, for example, when 100% of the airdrop tokens have been distributed, what's the guarantee that the catalyst will make an entry and pump the price of Dogs (DOGS)?
The answer is no one can guarantee that, because basically the Dogs (DOGS) project doesn't have a clear use-case, so catalysts are afraid to enter this project. On the other side, you can also be right that catalysts will enter but only for speculative purposes. Dogs (DOGS) isn't a good place for mid to long term investment, so stay away from tokens like this and don’t expect the price to pump up anytime soon.