Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnSquareMore
Dogecoin News Today: Dogecoin's Unsteady Rebound Depends on Holding $0.15 Support as Derivatives Show Conflicting Signals

Dogecoin News Today: Dogecoin's Unsteady Rebound Depends on Holding $0.15 Support as Derivatives Show Conflicting Signals

Bitget-RWA2025/11/24 23:44
By:Bitget-RWA

- Dogecoin (DOGE) drops 37% to $0.1587 amid crypto market weakness and Fed policy uncertainty. - Technical indicators show bearish control with RSI at 34 and MACD in negative crossover. - Derivatives markets show mixed signals: $1.66B open interest but declining MFI indicates outflows. - Grayscale's GDOG ETF fails to reverse selling pressure as $0.1500 support becomes critical for recovery.

Dogecoin (DOGE) is under increasing downward pressure as bearish trends strengthen throughout the crypto market, with the

coin on Wednesday, representing a 37% drop from its spike during the October 10 flash crash. This drop highlights the prevailing uncertainty ahead of the Federal Reserve’s December policy decision and to spark renewed optimism. Although the derivatives market has steadied, technical signals indicate for the asset, which holds a $24 billion market capitalization.

The daily chart’s Relative Strength Index (RSI) stands at 34, pointing to dominant bearish sentiment, while

continues to show a bearish crossover. has also —$0.1893 (50-day EMA), $0.2024 (100-day EMA), and $0.2090 (200-day EMA)—further eroding its technical stance. the immediate $0.1500 support could send the price down to $0.1424, a level last seen in June.

Activity in the derivatives market presents a mixed picture.

in futures has climbed to $1.66 billion, recovering after falling to $1.37 billion following the flash crash. This indicates , though the OI-Weighted Funding Rate recently shifted positive at 0.0076%, suggesting cautious accumulation of long positions. remains under a declining trendline, pointing to continued capital outflows.

Recent news, such as

, has not been enough to offset the selling trend. While the ETF is designed to attract institutional interest, DOGE is still facing resistance at $0.1495 and support at $0.144. that a lasting rebound will rely on clearer signals from the Fed and a return of speculative trading.

the significance of the $0.1500 mark, noting that holding above this level could enable a move back toward the $0.181 resistance area. At the same time, (SHIB) and (PEPE) are following DOGE’s downward trend, .

0

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.

PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!

You may also like

Delaware Court Orders Edtech Founder to Pay $1 Billion for Failing to Meet Legal Obligations in Debt Case.

- Delaware court awarded $1.07B against Byju Raveendran for noncompliance in TLPL's $1B loan dispute involving Alpha Funds misdirection. - Judgment includes $533M principal, $540.6M penalties, and $10K/day contempt fines for refusing to disclose Camshaft LP transactions. - Raveendran's team claims denied due process, plans $2.5B counterclaims against GLAS Trust for alleged contractual and legal violations. - Case highlights cross-border governance tensions, with GLAS Trust alleging fund "roundtripping" whi

Bitget-RWA2025/11/25 07:46

Bitcoin News Today: Bitcoin ETF Outflows Drive Price Drop, Yet New Inflows Hint at Potential Recovery

- Bitcoin faces extreme oversold conditions as record ETF outflows drive price declines, with $3.5B withdrawn in November 2025 alone. - Citi estimates $1B in outflows correlates to 3.4% price drops, creating self-reinforcing downward pressure on crypto markets. - Solana ETFs attract $531M through competitive staking yields, highlighting shifting investor priorities toward risk-adjusted returns. - Market analysts note early stabilization signs with $225M Bitcoin ETF inflows, though 36% price declines from O

Bitget-RWA2025/11/25 07:30
Bitcoin News Today: Bitcoin ETF Outflows Drive Price Drop, Yet New Inflows Hint at Potential Recovery