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Dogecoin News Today: Dogecoin's Unstable Buzz Fades as ETFs Turn Attention to Alternative Coins

Dogecoin News Today: Dogecoin's Unstable Buzz Fades as ETFs Turn Attention to Alternative Coins

Bitget-RWA2025/11/06 03:28
By:Bitget-RWA

- Dogecoin (DOGE) hovers near $0.15704, with analysts warning a breakdown could trigger sharp declines amid waning retail and institutional interest. - On-chain data and derivatives metrics signal deteriorating sentiment, as Bitcoin/Ethereum ETF outflows shift capital toward altcoins like Solana . - Weak large-holder support and declining community-driven hype expose DOGE to volatility, with prices at risk of falling below $0.15 without fundamental catalysts.

Dogecoin (DOGE) is hovering just above a crucial support point at $0.15704, and experts caution that falling below this mark could lead to additional losses. The

coin, which has historically depended on hype from retail investors and viral trends on social media, is now experiencing a noticeable drop in excitement. Both on-chain analytics and derivatives data reveal a decline in confidence among short-term traders and long-term holders alike, casting doubt on Dogecoin’s ability to maintain its present price, according to a recent .

Dogecoin News Today: Dogecoin's Unstable Buzz Fades as ETFs Turn Attention to Alternative Coins image 0

Dogecoin’s recent trading behavior underscores its precarious standing. Although the token gained just over 1% by Wednesday, it remains at risk for steep pullbacks. A rebound from the $0.15456 low earlier in the session failed to inspire confidence, as bearish signals from on-chain data point to mounting selling activity. The shrinking involvement from retail traders is especially concerning, since Dogecoin’s price has traditionally been fueled by community enthusiasm rather than solid fundamentals.

Wider trends in the cryptocurrency sector are also weighing on sentiment. U.S.-listed spot

and ETFs have suffered notable withdrawals lately, with Bitcoin ETFs alone seeing $543.59 million in outflows over just three days, largely due to major sell-offs by firms such as BlackRock. This movement of institutional funds away from leading cryptocurrencies and toward alternatives like , which attracted totaling $197 million last week, signals a broader shift. The waning excitement around Bitcoin and Ethereum ETFs highlights a change in investor strategy, potentially undermining confidence in speculative tokens like .

Adding to these difficulties, Dogecoin’s blockchain data shows little backing from major holders. While the report does not directly reference whale activity, weak performance in derivatives and falling retail engagement suggest that larger investors may be pulling out. This mirrors a larger pattern in the crypto market, where the

narrative for Bitcoin—driven by ETF inflows and mining operations—has become the main draw for institutional money. Without a similar driver, Dogecoin is left susceptible to sharp price swings and changes in market mood.

Experts caution that if interest continues to fade, Dogecoin could slip below $0.15—a threshold that may not be sustainable in the absence of strong fundamentals. Its reliance on speculation makes it especially prone to abrupt market changes, particularly as investors look to more robust blockchain platforms or regulated ETF offerings.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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