Dogecoin risks breakdown below $0.08 as Bitwise shuts DOGE ETF

Key takeaways

• Dogecoin is attempting to recover after two consecutive sessions of roughly 3% losses.
• Bitwise will end trading in its BWOW Dogecoin ETF on October 14.
• A break below $0.0801 could send DOGE toward $0.0745 and potentially $0.0673.
• Dogecoin must reclaim the $0.0845–$0.0904 resistance region to improve its outlook.

Dogecoin (DOGE) edged higher on Friday following two consecutive sessions of losses of approximately 3%.

Despite the modest recovery, DOGE retains a bearish near-term outlook as institutional demand weakens and momentum indicators point to sustained selling pressure. 

The $0.0800 region is now critical, with a breakdown potentially exposing the meme coin to significantly lower support levels.

Bitwise announces closure of Dogecoin ETF

Bitwise announced Thursday that it will liquidate its Dogecoin exchange-traded fund, BWOW, as part of an effort to streamline its product lineup and respond to changing investor demand.

The fund’s final trad...