Dogecoin Updates Today: Optimism Grows for Dogecoin ETF Amid Death Cross and Investor Outflow Signaling Potential Decline
- Bitwise's Spot Dogecoin ETF (BWOW) nears SEC approval after filing an 8(a) form, potentially launching within 20 days under 2025's streamlined crypto ETF framework. - DOGE trades near $0.15 support with mixed technical signals: on-chain accumulation contrasts with 5.9% weekly losses and a looming "death cross" threatening $0.17 support. - ETF optimism clashes with holder exodus (-22M DOGE outflow on Oct 31), raising doubts about sustainability of current price levels amid growing institutional competitio
The Spot
News of the ETF’s possible launch has fueled positive sentiment among investors, especially as
One key technical factor is the impending “death cross,” where the 100-day exponential moving average (EMA) is set to fall below the 200-day EMA. Unlike the earlier crossover in October, this bearish pattern suggests ongoing weakness and could hasten a drop below $0.17, potentially opening the way to $0.14. Traders are closely monitoring whether DOGE can maintain support in the $0.1575–$0.1615 range as excitement over the ETF grows, as highlighted in
Bitwise’s ETF application has drawn significant institutional attention, reflecting a broader transformation in the digital asset market. This comes after the launch of DOJE, the first U.S.
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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