coinjournal.net
- Dogecoin price fell to near $0.17 as fresh downside pressure hit cryptocurrencies.
- The memecoin has nonetheless bounced off these intraday lows and is inching towards $0.18.
- What’s next for cryptocurrency amid $DOGE ETF anticipation?
Dogecoin ($DOGE) price dropped from highs of $0.18 as Bitcoin and top altcoins pared gains following an uptick on Monday.
However, bulls are showing resilience as prices bounce off lows near $0.17, with the top memecoin recording a dip in selling pressure.
As of November 12, 2025, the $DOGE token is trading at $0.176, which is a slight uptick from its intraday lows of $0.1712.
While the asset remains in negative territory on the day, it’s up nearly 9% over the past week.
Notably, the bounce and renewed interest from bullish traders across the market suggest Dogecoin could be poised for potential continuation higher.
Dogecoin price technical outlook
The $0.15 price level is a support zone that has held firm since March 2025, and features key reload areas that coincide with recent market sell-offs.
In October, bears touched lows below the mark, and traders see it as a key psychological and technical floor.
By thwarting bears’ plans for deeper corrections throughout the past several months, the buffer zone has helped bulls to remain in the game.
$DOGE above $0.17 aligns with technical indicators, including a hidden bullish divergence on the Relative Strength Index (RSI) that suggests that selling pressure may be waning.
$DOGE Chart">
Investors are digesting broader market dynamics, including macroeconomic tailwinds like the end to the US government shutdown and monetary policy.
In this environment, Dogecoin’s resilience at $0.17 points to strength at an entrenched position.
If price bounces off the lower boundary of a multi-month broadening wedge, a breakout above the $0.18 resistance is likely.
That could pave the way for a retest of the $0.20 mark. Notably, the 50-day exponential moving average provides downsloping resistance near $0.199.
A break above this will bring $0.22 and $0.30 into play.
Why is Dogecoin price largely bullish?
Dogecoin’s bullish price outlook rides a confluence of catalysts, including institutional developments, community resilience, and favorable technical setups.
Even as short-term bearish signals linger, mounting anticipation around spot Dogecoin exchange-traded funds is significant.
XRP, Solana, Litecoin, and Dogecoin are among the top altcoins set to benefit from ETF launches. The Bitwise $DOGE ETF countdown is on, as CoinJournal highlighted earlier this month.
Meanwhile, on-chain activity, shown by large wallet investors adding to their holdings amid the price dip and memecoin hype, continues to bolster bulls.
As noted, the 50-day exponential moving average, though declining, has previously acted as a robust support level.