NewsBTC
Nov 12, 2025
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Dogecoin Drops 3% as Analysts Predict Potential 33% Rally

Dogecoin is facing a challenging quarter, struggling to maintain the $0.17 support level amid ongoing outflows and bearish market sentiment.

  • The price of Dogecoin (DOGE) dropped over 3% this week, testing the lower boundary of its ascending channel near $0.17.

Dogecoin Chart

Technical Breakdown

  • Heavy selling during European trading hours pushed DOGE below $0.1720 before stabilizing.
  • The daily RSI is around 41, indicating limited buying strength.
  • 20-day and 50-day EMAs act as resistance at $0.182 and $0.199, maintaining a bearish short-term trend.
  • Mid-tier whales have increased holdings by nearly 5 billion DOGE since late October, while larger holders sold over $700 million worth.

Potential Recovery Signals

  • Analysts note a hidden bullish divergence on the weekly chart, suggesting potential for rebound.
  • Maintaining support above $0.17 could lead to a 33% rally toward $0.22.
  • A breakout above $0.188 might trigger short squeezes, with current short positions outweighing longs 5:1.
  • Speculation about a Bitwise Spot Dogecoin ETF could bring liquidity and institutional interest, ending consolidation.