Dogecoin takes off again! Soaring 8% in 24 hours, Bitwise spot ETF is about to help hit $0.25?

ELON 2025-11-8 22:24 7226人围观 DOGE

Enter the community for free, do not promote the exchange, do not follow the link to enter the skirt. Add Q: 946112505 Recently, Dogecoin (DOGE) has been "ignited" in just 24 days Hours later, the price climbed all the way from $0.17, an increase of nearl

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Recently, Dogecoin (DOGE) has been “ignited” again
In just 24 hours, the price climbed from $0.17, an increase of nearly 8%, and market sentiment significantly improved. The driving force behind it is likely to be the news that the Bitwise spot Dogecoin ETF is about to be launched - expected to be listed on the New York Stock Exchange (code: BWOW) in late November.

ETF approaches, market optimism rising

Bitwise has submitted its fourth revised S-1 filing to the U.S. Securities and Exchange Commission (SEC), initiating the 20-day automatic approval process.
If the SEC raises no objections, the ETF will be approved by default, and investors will be able to hold Dogecoin directly through the ETF.
Custody is provided by Coinbase Custody, and all key details (fees, transaction codes, etc.) have been finalized. This means that Dogecoin is getting closer and closer to entering the mainstream market.

A gathering area of 11.12 billion DOGE, where whales frequently appear

From the perspective of cost basis distribution, 11.12 billion DOGE was bought near $0.20, forming a strong resistance area.
This means that it will not be easy for the price to break above $0.20 in the short term, but once it does, the potential upside is still large.

Technicals show bulls have the upper hand

Price Action: DOGE has held firm at $0.18, with clear bullish momentum；
Resistance and target: After breaking through $0.20 in the short term, it is expected to rush to $0.22-0.25；
Support level: If it fails to hold $0.18, it may fall back to around $0.16；
MACD indicator: A golden cross appears, indicating strong buying enthusiasm；
RSI index: rose to 64, indicating that buying pressure continues to increase.

Taken together, the upward momentum of Dogecoin is still strong. The launch of ETF has injected new confidence into the market, and the bulls have obvious advantages.

To summarize:

Dogecoin is currently approaching the key resistance level of $0.20. If it successfully breaks through, it is expected to rush to $0.22-$0.25 in the next trading day.
The approaching launch of the Bitwise ETF is an important positive that supports the long-term bullishness of Dogecoin. In short-term operations, pay attention to the changes in support and resistance between US$0.18 and US$0.20.
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