Dogecoin Slips Below $0.09 as BWOW ETF Closure Nears

Published: 2026-10-08 10:24:10 UTC | cryptodaily.co.uk

Dogecoin traded near $0.0933 on October 4, holding around key moving-average support but below resistance. By October 8, it had fallen to about $0.0878, below $0.09. The shift puts short-term support at $0.0871–$0.0887; a break lower could expose $0.0845 and then $0.0800–$0.0820. A recovery would face resistance at $0.0920–$0.0932, $0.0950 and $0.0974–$0.0980, with $0.10–$0.1020 the broader breakout zone. Earlier, DOGE needed to clear $0.0937 and $0.0986 to strengthen the case for a $0.10 retest. Short-term indicators are mixed: hourly RSI and moving-average signals are bearish, while the volume-trend score is bullish at 74/100. The daily outlook is neutral. On October 4, DOGE’s RSI was also neutral to moderately positive, but there was no confirmed breakout. A move to $0.10 before October 14 remains possible, not confirmed by current signals. Bitwise plans to stop trading its BWOW Dogecoin ETF on NYSE Arca on October 14 and distribute cash to remaining shareholders around October 22. The fund reportedly had about $688,000 in net assets, limiting the likely direct selling pressure on DOGE, although the closure could weigh on sentiment. DogeOS launched an EVM-compatible public testnet on September 30 for applications such as trading, lending and games, with DOGE intended for fees. It may support longer-term utility, but its near-term price impact is uncertain.

Neutral

The overall price impact on DOGE is neutral, although near-term trading risks lean downward. DOGE has fallen from around $0.0933 on October 4 to about $0.0878 on October 8, and the latest hourly RSI and moving-average signals are bearish. A sustained break below $0.0871–$0.0887 could prompt further selling toward $0.0845 or the $0.0800–$0.0820 zone. However, the daily outlook is neutral and the volume-trend signal is positive, so the indicators do not point uniformly lower. The BWOW ETF closure may weaken sentiment, but its reported net assets of about $688,000 suggest limited direct DOGE selling pressure. DogeOS’s public testnet offers a longer-term utility narrative, but it has not established a near-term price catalyst. Traders may therefore focus on support and resistance levels rather than assume either development will drive an immediate move. A recovery through $0.0920–$0.0932 and higher resistance could renew attention on $0.10; failure to hold near-term support would weaken that recovery case.