DOGE news: climbs 1.92% despite bearish technical outlook and continued seller dominance

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Dogecoin rises 1.92% to $0.1661 today

Highlights

Bitwise Asset Management filed for a spot Dogecoin ETF in the US, initiating a 20-day SEC review window, with Coinbase Custody Trust and BNY Mellon as key partners.
Dogecoin trades at $0.1661, up 1.92% daily but remains below MA-20, MA-50, and MA-200, confirming persistent bearish pressure across major timeframes.
Technical indicators, including MACD, ADX, RSI (32), and deep negative CCI, signal continued downside risk with likely sideways trading between $0.03464 and $0.17121.

ETF filings and whale distributions drive surging DOGE trading volumes

Bitwise Asset Management has filed for a spot Dogecoin ETF in the US, starting a 20-day window for possible automatic SEC approval, with Coinbase Custody Trust Company named as DOGE custodian and BNY Mellon assigned to hold cash reserves. This move comes as Grayscale amends its filings for a similar ETF, following the earlier launch of the REX-Osprey Dogecoin ETF. Trading volumes in DOGE have surged, with a sharp rise in both spot and derivatives activity on Bitmex and significant liquidations observed as whales engaged in large-scale distributions.

Bearish momentum prevails as oversold signals approach rebound zone

The technical picture remains bearish, with DOGE continuing below the MA-20 ($0.18756), MA-50 ($0.21595), and MA-200 ($0.20956), confirming downward trends across all timeframes. Resistance is defined by the Ichimoku Kijun at $0.18495, while dynamic support rests near recent lows around $0.16095. Daily momentum indicators remain negative — both MACD and ADX signal further downside bias, while RSI (32), CCI (deeply negative), and Stoch RSI near extremes all reflect oversold conditions. BB Power and the Awesome Oscillator underline the dominance of sellers, although current price action near session highs hints at moderate intraday volatility and a possible technical rebound.

Limited upside seen as tight trading range contains downside risks

In the short term, DOGE is anticipated to fluctuate between $0.03464 and $0.17121, with a sideways trend in a narrow range as the base case. There is less than a 20% chance of a sustained upward move, while further declines remain more probable unless support at $0.16095 is breached. A break above $0.18495 resistance would be needed to trigger a bullish scenario.

Anton Kharitonov, expert at Traders Union, notes that despite the increased institutional interest with fresh ETF filings and a surge in trading volumes, Dogecoin continues to face dominant selling pressure across all major technical timeframes, with key moving averages stacking above the current price. Kharitonov points out that bearish technical indicators and a failure to reclaim critical resistance at $0.18495 limit the probability of a meaningful upward move, while oversold momentum could spark brief rebounds. The analyst sees further declines as more likely unless support at $0.16095 is firmly defended. "Until Dogecoin decisively breaks above $0.18495, I remain defensive and view rebounds as opportunities to reduce risk rather than chase upside."

Previously it was noted that the broader structure remains bearish, with every bounce fading faster than the last as sellers continue to dominate price action. The article also highlighted that exchange outflows reach $10.5 million in 24 hours, showing selling intent from market participants.

Source of Data: DOGE Price Analysis by TU

The analysis is based on a proprietary model combining technical, on-chain, and expert data. Not investment advice. See methodology

The information is based on forecasts and does not constitute investment advice or a guarantee of future results. Market conditions may change. See our Disclaimer and Editorial Integrity for details.