- Dogecoin’s price fell to nearly $0.17 as the cryptocurrency market faced renewed bearish pressure.
- Despite the drop, the memecoin bounced off its intraday lows and is approaching $0.18.
- What’s next for crypto as the market awaits potential DOGE ETFs?
Dogecoin (DOGE) slipped from highs around $0.18 after Bitcoin and leading altcoins trimmed gains following a surge earlier in the week.
However, bulls have shown resilience: prices rebounded from intraday lows near $0.17, and selling pressure appears to be easing for the top memecoin.
As of November 12, 2025, DOGE traded around $0.176, up slightly from an intraday low of $0.1712.
Although the asset remains in negative territory for the day, it has gained nearly 9% over the past week.
Notably, the rebound and renewed bullish interest across the market suggest dogecoin could be positioned for a potential upside continuation.
Technical outlook for dogecoin price
The $0.15 level has acted as a solid support zone since March 2025, absorbing selling pressure and aligning with key accumulation areas observed during recent market pullbacks.
In October, bears briefly tested sub-$0.15 lows, and traders view that area as an important psychological and technical floor.
This support zone has thwarted deeper corrections in recent months, allowing bulls to remain active and defend positions.
Maintaining DOGE above $0.17 is consistent with technical indicators, including a hidden bullish divergence on the relative strength index (RSI), which signals that selling momentum may be weakening.
Price chartDOGE on TradingView
Investors are also weighing broader market dynamics, including favorable macroeconomic developments such as the end of the U.S. government shutdown and central bank policy considerations.
In this environment, dogecoin’s resilience around $0.17 points to underlying strength in holders’ conviction.
If the price rebounds off the lower boundary of the multi-month expanding wedge pattern, a breakout above resistance at $0.18 is possible.
Such a move could pave the way for a retest of the $0.20 level. It’s worth noting the 50-day exponential moving average (EMA) is providing downside resistance near $0.199.
A decisive break above that level could put $0.22 and $0.30 back into play.
Why is dogecoin’s outlook broadly bullish?
Dogecoin’s bullish case rests on a mix of catalysts, including potential institutional interest, strong community support, and constructive technical setups.
Short-term bearish signals remain, but growing anticipation around spot exchange-traded funds (ETFs) related to memecoins is a meaningful catalyst.
Altcoins such as XRP, Solana, Litecoin and Dogecoin are among those expected to benefit from ETF launches. The countdown for a Bitwise DOGE ETF is underway, a development highlighted earlier this month by CoinJournal.
Meanwhile, on-chain activity shows large wallet holders increasing their positions during price dips, and heightened attention around memecoins continues to bolster bullish sentiment.
As mentioned, the 50-day EMA—while currently trending lower—has previously acted as a reliable support level, and reclaiming it would strengthen the bullish case for further upside.