DOGE drops 0.83% as it faces $0.20 barrier and awaits Spot ETF debut
- DOGE fell 1.66% in 24 hours to $0.17315 on Nov 9, 2025, facing critical $0.20 resistance with 11.12B tokens bought. - A failed breakout at $0.20 could confirm bearish momentum, while a successful break might shift broader market sentiment. - Bitwise's first Dogecoin spot ETF, pending 20-day approval, could boost institutional legitimacy and attract traditional investors. - Market participants closely monitor the ETF's impact on DOGE's price trajectory amid structural crypto market developments.
Within the last 24 hours, DOGE fell by 1.66%, reaching $0.17315 as of November 9, 2025. Despite this, the coin experienced a 6.71% increase over the previous week. Over the last month,
The cryptocurrency is now up against a major resistance at $0.20, where more than 11.12 billion DOGE were purchased, creating a strong supply barrier. This resistance is seen as a pivotal area for price movement, with the potential to either halt the downward trend or reinforce further declines. Market experts believe that DOGE’s ability to surpass this point could indicate a shift in overall market sentiment.
Technical analysis for DOGE underscores the significance of this resistance zone. The price has attempted to break through the $0.20 mark several times but has yet to succeed. Interest from institutional investors is also on the rise, especially with Bitwise preparing to introduce the first Dogecoin spot ETF. This application, which could be approved for trading in 20 days, may enhance DOGE’s profile and credibility among institutional players.
The introduction of the ETF marks an important milestone for the crypto sector, as it could draw in more conventional investors who are usually reluctant to participate in digital assets directly. Traders are keeping a close watch on the approval process, speculating about its potential impact on DOGE’s future price movements.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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