- The price of Dogecoin fell to nearly $0.17 as fresh downward pressure hit cryptocurrencies.
- The memecoin has since bounced from intraday lows and is climbing back toward $0.18.
- What lies ahead for the cryptocurrency amid growing anticipation of DOGE ETFs?
The price of Dogecoin (DOGE) slipped from a high near $0.18 after Bitcoin and major altcoins pared gains following Monday’s rally.
However, bulls have shown resilience as prices bounced from lows around $0.17, with the leading memecoin seeing a reduction in selling pressure.
As of 12 November 2025, DOGE was trading at $0.176, a modest recovery from intraday lows of $0.1712.
Although the asset remains in negative territory for the day, it has risen by roughly 9% over the past week.
Notably, the rebound and renewed interest from bullish traders across the market suggest Dogecoin could be poised for further upside.
Technical outlook for Dogecoin price
The $0.15 level has acted as a support zone since March 2025 and contains significant accumulation areas that coincided with recent market sell-offs.
In October, bears briefly pushed below that mark, and traders treated it as an important psychological and technical floor.
By thwarting deeper corrections over recent months, the buffer zone has helped bulls remain active in the market.
DOGE trading above $0.17 aligns with technical indicators, including a hidden bullish divergence on the Relative Strength Index (RSI), which suggests selling pressure may be easing.
DOGE price chart by TradingView
Investors are factoring in broader market dynamics, including macroeconomic tailwinds such as the end of the U.S. government shutdown and monetary policy developments.
In this environment, Dogecoin’s resilience around $0.17 points to strength at a deep-seated support area.
If price rebounds from the lower boundary of a multi-month expanding wedge, a breakout above the $0.18 resistance is likely.
That could open the path toward a retest of $0.20. The 50-day exponential moving average notably provides overhead resistance near $0.199.
A break above that level would bring $0.22 and $0.30 into view.
Why is Dogecoin’s price largely bullish?
Dogecoin’s bullish outlook is driven by a convergence of catalysts, including institutional developments, community resilience, and favorable technical setups.
Even with some short-term bearish signals, growing anticipation around spot Dogecoin exchange-traded funds is significant.
XRP, Solana, Litecoin and Dogecoin are among the top altcoins expected to benefit from upcoming ETF launches. The countdown to a possible Bitwise DOGE ETF has begun, as reported earlier this month.
Meanwhile, on-chain activity — evidenced by large wallet holders accumulating through the dip and renewed memecoin enthusiasm — is bolstering the bulls.
As noted, the 50-day exponential moving average, while trending lower, has previously acted as a reliable support level.