Overview
- DOGE has fallen about 30% from September’s ~$0.3066 peak and is compressing around $0.20 with a looming 50/200 EMA crossover that historically tilts bearish.
- Traders are watching for a potential rejection at the 200-day SMA that could point toward the $0.15 area, while holding the ~$0.19 support is viewed as constructive for a rebound attempt.
- A supply wall near $0.21 caps rallies, the 0.886 Fibonacci just above $0.26 is flagged as decisive resistance, and a decisive close above $0.30 with rising volume is cited as the trigger for a durable trend reversal.
- The newly launched DOGE ETF has gathered roughly $30.7 million with a 1.5% fee, reinforcing signs of weak institutional participation.
- Some analysts note early stabilization and point to historical November strength of about +18.9%, though they stress that any upside depends on confirmed breakouts, improving RSI, and softer Bitcoin dominance below 59%.