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

Dogecoin's price is under pressure due to heavy sell-offs by large holders, despite the anticipation of a potential ETF launch. Bitwise Asset Management plans to launch a spot Dogecoin ETF within 20 days, pending SEC approval, which follows recent ETF launches in the crypto space. The DOGE price fell for the second consecutive session as whale holders liquidated their positions, with over 1 billion DOGE moving in three days. Technical analysis shows a bearish trend, with critical support levels at $0.1575-$0.1615 and potential volatility driven by the ETF news. The price dropped 2.4% to $0.1634, breaking below $0.167 support due to accelerating sell-offs. While sentiment remains fragile, traders are watching for a potential reversal if DOGE can close above $0.1674. A failure to maintain support could lead to further declines toward the $0.15 level, influenced by whale activity and ETF developments.

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