- Dogecoin’s price fell to nearly $0.17 as fresh downside pressure hit the crypto market.
- Despite the drop, the memecoin bounced from intraday lows and is approaching $0.18.
- What comes next for cryptocurrencies as markets await a potential DOGE ETF?
Dogecoin (DOGE) slipped from an intraday high around $0.18 after Bitcoin and major altcoins gave back gains following Monday’s rally.
Buyers, however, have shown resilience: prices recovered from lows near $0.17, and selling pressure on the leading memecoin has eased.
As of November 12, 2025, DOGE trades at $0.176, a modest rise from the day’s low of $0.1712.
While still negative on the day, the token is up nearly 9% over the past week.
The rebound and renewed interest from bullish traders across the market suggest Dogecoin could be positioned for a potential continuation of gains.
Technical outlook for Dogecoin price
The $0.15 level remains a key support zone, holding steady since March 2025 and aligning with major re-accumulation areas that coincide with recent market sell-offs.
In October, bears briefly pierced below this support, which investors treated as an important psychological and technical floor.
That buffer zone prevented deeper corrections in recent months and helped bulls stay engaged.
DOGE trading above $0.17 aligns with technical indicators, including a hidden divergence on the relative strength index (RSI), signaling that selling pressure may be weakening.
DOGE price chart by TradingView
Investors are weighing broader market dynamics, including favourable macro factors like the end of the US government shutdown and monetary policy developments.
In this context, Dogecoin’s ability to hold $0.17 demonstrates relative strength.
If the price rebounds from the lower boundary of the multi-month expanding wedge, a breakout above the $0.18 resistance is likely.
That could pave the way for a retest of $0.20. Note that the 50-day exponential moving average (EMA) presents resistance near $0.199.
A decisive break above that EMA would put $0.22 and $0.30 back on the table.
Why is Dogecoin’s price largely moving?
Dogecoin’s price outlook reflects a confluence of catalysts, including growing institutional interest, strong community support, and constructive technical setups.
Even if short-term bearish signals persist, rising expectations around spot Dogecoin ETFs are an important bullish factor.
XRP, Solana, Litecoin and Dogecoin rank among the top altcoins expected to benefit from ETF launches. The Bitwise DOGE ETF countdown has begun, as highlighted earlier this month.
Meanwhile, on-chain activity — notably large wallet holders increasing positions during price dips and renewed chatter around memecoins — continues to bolster bullish sentiment.
As noted, the 50-day EMA, although currently trending lower, has previously acted as a reliable support area.