Dogecoin Holds Above $0.17, Eyes $0.20 Breakout on ETF Hopes
Dogecoin price held above $0.17 after touching an intraday low of $0.1712 on November 12, 2025. The DOGE token trades at $0.176, down on the day but up nearly 9% over the past week. Technical signals point to reduced selling pressure, with a hidden bullish divergence on the Relative Strength Index (RSI) and a long-standing $0.15 support zone since March 2025. A bounce from the lower boundary of a multi-month broadening wedge could trigger a breakout above the $0.18 resistance, targeting $0.20. Clearing the 50-day exponential moving average at $0.199 may open doors to $0.22 and $0.30. Bullish sentiment is further supported by mounting ETF anticipation—highlighted by the Bitwise DOGE ETF countdown—and increased on-chain accumulation by whale addresses. Traders eye this setup for a potential breakout opportunity.
Bullish
This update highlights strong technical foundations and positive catalysts—including RSI divergence, a firm $0.15 support level and the countdown to a spot DOGE ETF—that point to growing bullish momentum. Historically, Dogecoin has rallied after breaking multi-month wedge patterns with ETF optimism. In the short term, a rebound above $0.18 could spur volatility and profit-taking, but the overall setup remains positive as ETF expectations intensify. Over the long run, institutional ETF approvals tend to drive sustained demand and reduce volatility, supporting further gains toward $0.22–$0.30. These factors collectively suggest a bullish impact on trading activity and market stability.