Dogecoin ETF News: U.S. Listing Soon, But DOGE Technicals Draw Bearish Picture For Now

Dogecoin's price continues to decline despite optimism surrounding a potential ETF launch by Bitwise Asset Management. Although the company aims to launch a spot DOGE ETF within 20 days pending SEC approval, significant sell-offs by major holders overshadowed the news. Over 1 billion DOGE was recorded in movements by whale wallets in the past 72 hours, marking a major distribution event. Technical analysis reveals DOGE fell 2.4% to $0.1634, breaking key support levels, and establishing a bearish control pattern. The resistance was identified at $0.1674 with a potential rebound from recent lows suggesting fragile stability. Traders are focusing on whether DOGE can maintain support around $0.1575–$0.1615, with potential upside targets aligning with $0.172–$0.180 if bullish sentiment can take hold once again. However, continued outflows from large holders could suppress ETF-driven optimism as the market navigates through mid-November.

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