Dogecoin Price Soars 10% as Bitwise ETF Launches-But Will It Break $0.20? The Drama Unfolds!

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Dogecoin price jumps 10% as Bitwise Spot ETF launch nears, with $0.20 resistance ahead and increasing whale activity. Oh, and don’t forget the sharks lurking. 🦈

So, Dogecoin’s price decided to be generous and increased by 10% in the last 24 hours. Why? Apparently, the Bitwise Spot Dogecoin ETF is about to be launched, and everyone’s on the edge of their seats. No one saw that coming… except maybe, you know, everyone who’s been watching crypto for 5 minutes. 🙄

Bitwise Spot ETF Expected to Launch in November-Yup, They’re Really Doing It

Bitwise is rolling out the first-ever Spot Dogecoin ETF in the U.S. (because, of course, this is happening). This brilliant move will allow investors to dive straight into Dogecoin without that messy, you know, buying actual Dogecoin. They’re all about the easy life. 😎

BREAKING: Bitwise has officially filed for a Spot (Dogecoin) ETF. Wait, are we sure this is real?

– CEO (@Investments_CEO)

It’ll be trading under the ticker symbol BWOW-because who doesn’t want to associate Dogecoin with a sound like someone just got hit in the face with a beach ball? It’s going to track the CF Dogecoin-Dollar U.S. Settlement Price Index-whatever that means. If it’s approved (and it’s looking like it will), Dogecoin could start walking around like it owns the place in the traditional financial world.

People are getting all hyped up about this ETF, thinking it’s going to make Dogecoin “mainstream.” Because nothing says mainstream like a meme coin, right? Investors are hoping this opens the door for more institutional money to flood in. They’re so optimistic, they might need a reality check. 🏦💸

Market Reaction and Dogecoin Price Movement-Will It Actually Break $0.20?

Dogecoin’s price has gone up 10% in the last couple of days-so you might want to check your portfolio, just in case. As of November 8, Dogecoin was hanging around $0.18, like that one friend who shows up fashionably late to the party.

Some analysts (because analysts always know something) think the price could keep climbing if Dogecoin manages to smash through that elusive $0.20 barrier. After that, who knows? Maybe it’ll hit $0.22, $0.25, or maybe it’ll just get stuck in a loop, who knows? 🤷‍♂️

Technicals are looking a little optimistic though-MACD and RSI are both showing that people are feeling bullish. But then again, how many times have we heard that before, right? These indicators might be right… or they might be another one of those “hunches” we hear about.

Whales in the Market-The Big Fish Who Think They Control Everything

Now, let’s talk about the whales-because what would Dogecoin be without them? Over 11 billion DOGE have been stashed away around the $0.20 price level, like they’re hoarding toilet paper during a pandemic. The whales are making their move, but are they actually doing anything useful? Who knows. 🐋

11.12 billion Dogecoin were accumulated around the $0.20 level. Guess what? That’s a big deal.

– Ali (@ali_charts)

These whales love to make big moves that affect the whole market. They buy big, they sell big, and sometimes, they just make the whole thing more interesting. As the Bitwise ETF gets closer, these whales could either push the price up, or cause it to flop harder than your favorite Netflix show after the first season.

What happens next is anyone’s guess. Will the whales keep piling on? Will they finally push through that $0.20 barrier, or is Dogecoin about to face a “minor setback”? Place your bets. 💰

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2025-11-08 20:37