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The Dogecoin worth has plunged 6% within the final 24 hours to commerce at $0.1633 as of two:42 a.m. EST on buying and selling quantity that skyrocketed 115% to $3.5 billion.
This comes as Elon Musk renewed his DOGE moon mission vow after tweeting “It’s time” on X, recalling his 2021 promise to ship “a literal Dogecoin to the literal moon” by SpaceX’s DOGE-1 mission.
It’s time 😀
— Elon Musk (@elonmusk) November 3, 2025
Musk’s fascination with Dogecoin has continued through the years, together with his tweets repeatedly shifting its worth.
He has repeatedly known as DOGE the individuals’s crypto, supporting the concept that DOGE may turn out to be the forex of Mars.
Crypto ETFs Transfer Ahead Regardless of Regulatory Silence
In one other growth, Bitwise and Grayscale introduced administration charges for his or her upcoming XRP and Dogecoin ETFs (exchange-traded funds), regardless that they haven’t but acquired official approval from the US Securities and Change Fee (SEC).
Bitwise and Grayscale are pushing forward to launch #Dogecoin ETFs with out SEC’s inexperienced mild.
Revealing the administration price of 0.35%. pic.twitter.com/Df09i9qnCM
— dogegod (@_dogegod_) November 4, 2025
The transfer to checklist their ETFs with out ready for SEC approval mirrors Grayscale’s latest transfer with its Solana ETF, which launched regardless of the shortage of a proper SEC sign-off.
Grayscale plans a 0.35% price for each its XRP and Dogecoin ETFs, in accordance with latest filings.
Apparently, the latest authorities shutdown and up to date regulatory processes have opened an surprising window for crypto companies to checklist ETFs with out dealing with the standard SEC procedural delays.
If the ETFs launch efficiently, it may mark a brand new period for digital asset funding within the US, giving crypto companies extra room to innovate regardless of ongoing regulatory uncertainty.
Dogecoin Value Underneath Sustained Bearish Strain
After making an attempt to reclaim the $0.30 vary earlier this yr, the DOGE worth has entered a sustained downtrend, because it breaks down beneath key Fibonacci help ranges.
The latest Dogecoin worth motion reveals the token consolidating beneath vital resistance limitations, signaling sustained bearish momentum within the broader market.
The decline started after DOGE failed to take care of help above $0.20, triggering a deeper correction that pushed the value beneath each the 50-day and 200-day Easy Transferring Averages (SMAs).
Presently, the 50-day SMA sits round $0.2205, whereas the 200-day SMA is positioned at $0.2095. The place of the SMAs confirms that sellers stay in management.
DOGE is buying and selling close to $0.1633, hovering near the important thing Fibonacci retracement degree of 0.786 ($0.1714). A sustained shut beneath this degree will increase the probability of a transfer towards the important help zone between $0.14 and $0.15, the place patrons beforehand managed to soak up heavy promoting strain.
In the meantime, the Relative Power Index (RSI) on the every day chart stands round 31, signaling that DOGE is nearing oversold territory, because it continues to expertise constant bearish strain.
The Fibonacci retracement construction additional highlights that the following potential resistance ranges lie close to $0.17, adopted by $0.205 and $0.22, all of which align with earlier breakdown zones and the overhead SMAs.
DOGE Value Faces Additional Draw back Danger
Based mostly on the present DOGE/USD technical outlook, the DOGE worth stays beneath intense bearish strain within the brief time period.
With the RSI dropping inside the 30-oversold degree, sellers proceed to indicate their power. In the meantime, the 50-day SMA is closing in on the 200-day SMA, and if it crosses beneath, they might kind a dying cross, which might be a touch of an incoming bearish pattern.
If the bearish momentum persists, Dogecoin may retest the $0.14 help, implying a possible 13% decline from present ranges.
This comes as Ali Martinez, a well-liked crypto analyst with over 161K followers on X, famous that whales offered over 1 billion DOGE tokens within the final week.
Over 1 billion Dogecoin $DOGE offered by whales previously week! pic.twitter.com/pjUwFAqtEM
— Ali (@ali_charts) November 4, 2025
Conversely, a rebound above $0.17 may set off a short-term restoration towards $0.20 (0.618 Fib degree).
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