Dogecoin News Today: DOGE in Tug-of-War as ETF Deadline Nears

Dogecoin (DOGE) has retested critical resistance levels near $0.1800 following a clean rebound from its $0.1700 support zone, sparking renewed interest among traders and analysts. The meme coin's price action has drawn attention to technical patterns and liquidity dynamics that could influence its near-term trajectory. After surging above key resistance levels during Tuesday's session, DOGE faced profit-taking pressure, erasing much of its intraday gains and signaling potential short-term volatility. The move has reignited debates about whether the rally is driven by sustained accumulation or speculative activity.

The price surge saw trading volume spike 96% above average, a sharp increase attributed to whale accumulation and speculative positioning. However, the late-session reversal-triggered by profit-taking-created a lower high formation at $0.1842/$0.1821, a classic indicator of waning bullish momentum. Despite this, DOGE remains above its critical $0.1800 support level, which has held as a psychological floor for buyers. Analysts note that the inability to maintain breakout levels above $0.1840 suggests the move may have been fueled by short-term liquidity rather than broad-based demand.

Longer-term technical analysis reveals a broader narrative. Dogecoin's price action fits within a "broadening wedge" pattern, a structure that has historically preceded significant upward moves. This pattern, identified by market observers, includes two "spring actions"-instances where the price briefly tests support before reversing higher with renewed vigor. The first spring action occurred in 2024, followed by a similar rebound in 2025, reinforcing the pattern's validity. If buyers manage to break above the $0.1835–$0.1840 resistance band, the coin could target $0.1860–$0.1880, while a breakdown below $0.1800 would risk retesting the $0.1760 level according to market analysis.

DeFi liquidity metrics also highlight evolving dynamics in the Dogecoin ecosystem. Total value locked in DOGE-related protocols has risen to $15.87 million as of early 2025, up from mid-2024 levels, according to DeFiLlama data. While on-chain fees and decentralized exchange (DEX) volume remain subdued-under $1 million and $5 million monthly, respectively-expanding liquidity could provide a foundation for future growth. Analysts caution that the current price consolidation reflects a tug-of-war between short-term traders and institutional players eyeing potential catalysts, such as the impending Bitwise spot DOGE ETF approval.

The Bitwise ETF, set for automatic approval under Section 8(a) of the Securities Act unless the SEC intervenes, has already positioned itself as a tailwind for DOGE's price action. The 20-day countdown to approval has intensified speculative activity, with traders closely monitoring volume spikes and order-book depth to gauge institutional interest according to market reports. Meanwhile, Ethereum's (ETH) recent rebound to $3,600 has indirectly benefited altcoins like DOGE, as broader market sentiment shifts toward risk-on assets.

For traders, the immediate focus remains on DOGE's ability to defend the $0.1800 support level. A sustained close above $0.1835 could restore bullish momentum, while a breakdown would likely trigger a test of the $0.1760 base. Analysts emphasize that while ETF speculation provides a background catalyst, short-term price behavior is primarily driven by technical positioning and profit-taking flows from recent whale accumulation.