DOGE -0.83% Amid $0.20 Resistance and Spot ETF Launch

DOGE dropped by 1.66% within 24 hours to reach $0.17315 on NOV 9 2025. Over the 7-day period, the coin rose by 6.71%. However, over the past month, DOGE has declined by 7.14%, and its one-year performance shows a significant drop of 45.22%. The price is currently facing a critical technical threshold.

The coin is encountering a significant price barrier at $0.20, where over 11.12 billion DOGE has been bought, forming a substantial supply wall. This resistance level is considered a critical point for price action, as it has the potential to either reverse the current downtrend or confirm further bearish momentum. Analysts project that the ability of DOGE to break this level could signal broader market sentiment shifts.

DOGE’s technical indicators highlight the importance of this resistance. The price has tested the $0.20 level multiple times without a successful breakout. Institutional interest is also increasing, particularly with Bitwise’s planned launch of the first Dogecoin spot ETF. This filing, approved for potential market entry in 20 days, could provide DOGE with increased visibility and legitimacy in the institutional space.

The ETF launch represents a structural development in the cryptocurrency market, as it could attract more traditional investors who are typically hesitant to engage with crypto directly. The approval process is closely monitored by traders, who are speculating on how this may influence DOGE’s price trajectory.