- Dogecoin price dropped to nearly $0.17 as fresh downward pressure hit cryptocurrencies.
- The memecoin has since recovered from intraday lows and is slowly approaching $0.18.
- What’s next for cryptocurrencies amid expectations around a DOGE ETF?
The price of Dogecoin (DOGE) slipped from a recent high near $0.18 as Bitcoin and major altcoins gave back gains after an intraday rally on Monday.
Despite the pullback, bulls showed resilience: prices bounced off lows near $0.17, indicating a reduction in selling pressure for the top memecoin.
As of November 12, 2025, DOGE was trading at $0.176, a modest recovery from intraday lows of $0.1712.
Although the asset remained in the red on the day, it has gained nearly 9% over the past week.
The market-wide upswing and renewed interest from bullish traders suggest Dogecoin could be positioned for a potential continued move higher.
Technical outlook for Dogecoin price
The $0.15 level has acted as a support zone since March 2025, representing a key reload area that aligned with recent market sell-offs.
In October, bears briefly pushed below that level, but traders view it as an important psychological and technical floor.
By consistently blocking deeper bearish corrections in recent months, this buffer zone has helped buyers stay engaged.
DOGE trading above $0.17 aligns with technical indicators, including a hidden bullish divergence on the Relative Strength Index (RSI), which signals that selling momentum may be fading.
DOGE price chart from TradingView
Investors are digesting broader market dynamics, including macroeconomic tailwinds such as the end of the U.S. government shutdown and monetary policy considerations.
Within this context, Dogecoin’s ability to hold around $0.17 suggests relative strength from a congested position.
If the price rebounds from the lower boundary of a multi-month widening wedge, a breakout above the $0.18 resistance becomes more likely.
That breakout could open the path to a retest of the $0.20 level. Notably, the 50-day exponential moving average (EMA) provides a downside resistance near $0.199.
A decisive move above that EMA would put $0.22 and $0.30 back on the table.
Why is the Dogecoin outlook largely bullish?
Optimistic projections for Dogecoin reflect a convergence of catalysts: institutional developments, community resilience, and supportive technical setups.
Even with short-term bearish signals persisting, growing expectations around spot Dogecoin exchange-traded funds are a significant tailwind.
XRP, Solana, Litecoin and Dogecoin are among the leading altcoins poised to benefit from ETF launches. The Bitwise DOGE ETF filing triggered a regulatory countdown earlier this month, which has heightened market focus on potential approvals.
Meanwhile, on-chain activity shows large wallet investors accumulating during the dip and amid renewed memecoin hype, further bolstering bullish sentiment.
As noted, the 50-day EMA—though downward-sloping—has previously served as a firm support area, underpinning buyer confidence in recent moves.