Dogecoin News Today: Dogecoin's Crucial Support Test as EV2 Presale Captures Investor Optimism

Dogecoin (DOGE) faces a pivotal moment as its price hovers near critical support levels, while a new presale for the EV2 token, tied to a Web3 gaming project, captures investor attention. The meme coin has dropped below $0.17, testing a multi-year support band between $0.115 and $0.125, a zone that has historically prevented deeper declines. Analysts note that a break below this level could trigger a more prolonged downturn, potentially pushing DOGE toward $0.08–$0.09, though a rebound from this area might set the stage for a recovery into late 2026.

The EV2 token, priced at $0.01 during its presale, has raised over $400,000, with 32.2 million tokens sold as of November 2025. The token is linked to Earth Version 2, an upcoming AAA Web3 shooter game by Funtico, which plans to use EV2 for in-game purchases, upgrades, and marketplace transactions. The presale's momentum contrasts with Dogecoin's volatility, as investors seek exposure to niche Web3 projects with clear utility.

Technical indicators suggest Dogecoin is in a late-stage correction. Monthly MACD and RSI readings point to weakening momentum, with the RSI near 47.91-a level that historically precedes market shifts. Meanwhile, the Grayscale Dogecoin Trust (DOGE), converted from an existing fund, is poised to debut on the New York Stock Exchange, adding to a growing list of altcoin ETFs. This development could attract institutional capital, though broader crypto market sentiment remains cautious amid regulatory scrutiny and macroeconomic headwinds.

CleanCore Solutions, a company with a massive Dogecoin treasury, has seen its stock plummet 78% as its holdings' value erodes. The firm's DOGE purchases, made at averages above $0.238, now trail the current price, wiping out $20 million in unrealized gains. Despite corporate adoption of Dogecoin accelerating-such as DogeHash Technologies expanding mining operations-CleanCore's stock underperformance highlights the risks of treasury bets in a bearish cycle.

Market participants remain divided. While some predict DOGE could rebound to $0.20–$0.35 if support holds, others caution that a breakdown could delay recovery until 2026. EV2's presale, meanwhile, offers a 20–50x return potential for early buyers, though its success hinges on the game's adoption and the broader Web3 gaming ecosystem's growth.