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DOGE +0.38% During Daily Price Swings and ETF-Driven Movements

DOGE +0.38% During Daily Price Swings and ETF-Driven Movements

Bitget-RWA2025/11/12 00:22
By:Bitget-RWA

- Dogecoin (DOGE) rose 0.38% in 24 hours to $0.17206, driven by a brief $0.1815 breakout and 96% trading volume surge. - Whale activity increased as $32M DOGE moved to exchanges, signaling potential accumulation amid ETF filing speculation. - Price consolidation above $0.1800 support contrasts with failed $0.1842 resistance, reinforcing bearish 4-hour chart bias. - Technical indicators show weakening bullish momentum, with RSI/MACD narrowing and liquidity-driven short-term rallies.

As of November 11, 2025,

(DOGE) climbed 0.38% over the past day to reach $0.17206. This reflects a 6.85% gain over the last week, even though the token has dropped 7.36% in the past month and is down 45.34% compared to a year ago. The price action highlights ongoing short-term volatility, with market participants monitoring technical signals and the possible effects of the Bitwise ETF application.

Dogecoin’s value saw a pronounced intraday swing, briefly surpassing the $0.1815 resistance on Tuesday as trading volume surged by 96%. However, this upward move quickly faded later in the session, resulting in a lower high that points to diminishing bullish

. Such a setup often signals the start of downward pressure, especially when prices fail to stay above important psychological levels.

This volatility coincided with increased activity from large holders, as roughly $32 million worth of DOGE was transferred to exchanges. This could indicate either accumulation or preparation for further distribution, sparking renewed debate about short-term strategies and the influence of institutional players on near-term price trends.

The current price pattern is mixed. DOGE has managed to hold above the $0.1800 support, but has not been able to reclaim resistance in the $0.1835–$0.1840 range. After a brief rally, the failure to stay above $0.1842 has introduced a bearish tone on the 4-hour chart, as the upward channel has broken down. Moreover, indicators like the RSI and MACD suggest fading bullish momentum, supporting the view that the recent surge was fueled by short-term liquidity rather than sustained buying.

Analysts emphasize that DOGE needs to maintain the $0.1800 support to avoid revisiting the $0.1760 base, which has repeatedly acted as a floor. A decisive move above $0.1860 could restore bullish momentum, but if this does not occur, further sideways movement or a continuation of the downtrend is likely.

Backtest Hypothesis

Applying a 20-day high breakout strategy may help clarify DOGE’s reactions near resistance. This approach triggers when the closing price matches or exceeds the highest close from the previous 20 sessions, making it useful for tracking breakout attempts and subsequent price moves. If DOGE has historically followed through after such breakouts, it could support a bullish outlook. On the other hand, frequent failures to hold these levels would strengthen bearish expectations. This method fits with the recent intraday reversal and offers a measurable way to evaluate whether DOGE is gaining or losing momentum at key technical points.

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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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