Dogecoin News Today: Dogecoin Faces Key Support Challenge While EV2 Presale Attracts Growing Investor Confidence

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Dogecoin News Today: Dogecoin Faces Key Support Challenge While EV2 Presale Attracts Growing Investor Confidence

Bitget-RWA2025/11/17 22:32

By:Bitget-RWA

- Dogecoin (DOGE) tests critical $0.115–$0.125 support, with a breakdown risking a $0.08–$0.09 decline amid weakening technical indicators. - EV2’s $0.01 presale has raised $400K+ for a Web3 shooter game, attracting investors seeking utility-driven crypto projects. - Grayscale’s DOGE ETF launch and institutional interest contrast with bearish market sentiment and regulatory uncertainties. - CleanCore’s 78% stock drop highlights risks of Dogecoin treasury bets as holdings erode below $0.238 average purchase

Dogecoin (DOGE) is at a crucial juncture as its value lingers near significant support zones. The

meme

cryptocurrency has slipped beneath $0.17, challenging a long-standing support range between $0.115 and $0.125,

an area that has often acted as a floor against further losses

. Experts warn that falling below this threshold could spark a lengthier decline,

possibly sending DOGE down to the $0.08–$0.09 range

, though a bounce from here could pave the way for a recovery later in 2026.

Technical analysis indicates

Dogecoin

is undergoing a late-phase correction.

Monthly MACD and RSI metrics reveal fading momentum

, with the RSI at 47.91—a point that has often signaled upcoming market changes. At the same time, the Grayscale Dogecoin Trust (DOGE), which has transitioned from an existing fund, is set to launch on the New York Stock Exchange, joining the expanding roster of altcoin ETFs.

This move may draw institutional investors

, but overall sentiment in the crypto space remains wary due to regulatory pressures and broader economic challenges.

CleanCore Solutions, a company holding a substantial Dogecoin reserve, has experienced a 78% drop in its share price as the value of its crypto assets declines. The company’s

DOGE

acquisitions, made at average prices above $0.238, are now below market value, erasing $20 million in unrealized profits.

Even as more companies adopt Dogecoin

—for instance, DogeHash Technologies expanding its mining business—CleanCore’s stock struggles underscore the dangers of holding large crypto reserves during a downtrend.

Opinions in the market are mixed. Some believe DOGE could climb back to $0.20–$0.35 if it maintains support, while others warn that a breakdown could postpone any recovery until 2026.

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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