Monat: November 2025

• ETF would hold DOGE directly, with Coinbase and BNY Mellon as custodians.
• REX-Osprey DOGE ETF launched in September 2025, setting a precedent.
• Analysts see a 90% chance of multiple Dogecoin ETFs trading by year-end.

Bitwise has taken a procedural leap that could see its spot Dogecoin ETF go live by late November, signalling a turning point for both regulatory practice and the mainstream acceptance of meme coins.

The asset manager updated its S-1 registration under Section 8(a) of the Securities Act, removing a delaying amendment that kept the fund from automatically becoming effective.

This change started a 20-day countdown, meaning the fund could launch unless the Securities and Exchange Commission (SEC) intervenes.

If unchallenged, the ETF could start trading around 26 November, marking a new milestone in digital-asset regulation.

Filing move reflects growing confidence in SEC approach

The update, noted on 7 November by Bloomberg ETF analyst Eric Balchunas, allows Bitwise to “let the clock run.”

Under Section 8(a), an ETF filing automatically takes effect after 20 days unless the SEC acts to stop or delay it.

This strategy is not common but fully permitted under US securities law.

It indicates that Bitwise is confident the SEC will not act against the fund in time, especially given the agency’s recent approval of several single-asset crypto products.

The regulatory shift suggests that the SEC is becoming more open to digital-asset exposure through tightly monitored instruments such as ETFs.

Inside Bitwise’s Dogecoin ETF structure

The proposed product will hold Dogecoin directly, storing tokens with Coinbase Custody Trust Company, while BNY Mellon will manage its cash reserves.

It is designed to track the CF Dogecoin-Dollar Settlement Price, offering investors direct exposure to the token’s spot performance.

Although Bitwise has not yet disclosed the ticker symbol or management fee, the ETF is expected to list on NYSE Arca.

Its design mirrors that of earlier single-asset crypto ETFs, which blend traditional finance infrastructure with digital-asset markets to provide institutional-grade access to cryptocurrencies.

Dogecoin ETFs move from novelty to serious investment class

Dogecoin, initially launched in 2013 as a light-hearted experiment, has transformed into an investable asset within regulated markets.

The REX-Osprey DOGE ETF, which launched in September 2025, was the first to bring the token into mainstream financial products.

Bitwise’s latest filing follows a broader wave of interest among asset managers.

Several issuers have recently updated or resubmitted their applications, often cutting fees to gain an early competitive edge.

Bloomberg analysts estimate a more than 90 percent chance that multiple Dogecoin ETFs could be trading by the end of the year, supported by the SEC’s gradual acceptance of crypto-based exchange-traded products.

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• Dogecoin price currently hovers near $0.15 support amid rising liquidation pressure.
• Analysts predict a rebound, targeting up to $0.48 by early next year.
• Technicals remain weak, but oversold signals hint at a possible recovery.

Dogecoin (DOGE) is at the centre of market attention as the broader crypto sector struggles to stabilise.

The popular meme coin has extended its recent losses, but some analysts believe a major rebound could be in the making.

Despite the current downturn, optimism is quietly building that the Dogecoin price could soon “burst” upward if key technical levels hold.

Market pressure builds as DOGE tests key support

The Dogecoin price has dropped 5.3% in the past 24 hours, deepening its 12.9% weekly decline.

Currently at around $0.1586, DOGE is trading dangerously close to its crucial $0.15 support zone.

The market’s overall risk-off sentiment, coupled with thin liquidity, has intensified selling pressure.

According to CoinGlass data, more than $3.94 million in long positions were liquidated on November 6, compared with just $961,000 in short positions — a rare 12,129% imbalance that sparked panic selling and accelerated DOGE’s decline.

The fallout from these liquidations has been amplified by the token’s low turnover ratio of just 7.5%.

Futures open interest has also fallen 6.8% over the past week, showing waning speculative confidence.

Traders should closely watch the funding rates, which have slipped to -0.002%, for signs of an easing bearish leverage.

Technicals hint at weakness, but setup remains intact

Technical indicators continue to paint a cautious picture.

The Relative Strength Index (RSI) stands at 32.23, placing DOGE near oversold territory but offering no definitive reversal signal.

The MACD and momentum indicators also remain in negative territory, confirming that short-term sentiment is weak.

Dogecoin is still trading below all key moving averages, including its 10-day EMA at $0.176 and 200-day SMA at $0.216, reinforcing the bearish outlook in the near term.

Even so, oversold conditions could create the foundation for a rebound.

DOGE has repeatedly found strong support around the $0.15–$0.165 range, which now represents a make-or-break level.

On the other hand, a decisive daily close above $0.1684 would be the first technical sign that downward momentum is fading.

Analysts see potential for a bullish breakout

Despite the current gloom, several well-known analysts have voiced a more optimistic outlook.

Crypto analyst Butterfly believes the Dogecoin price could soon “burst” upward from its current range.

In an X post, Butterfly noted that DOGE is hovering near the lower boundary of a symmetrical triangle on the three-day chart, a zone that has historically acted as a launchpad for rallies.

#DOGE is facing the lower boundary of the symmetrical triangle on the 3D chart👀

This zone remains a strong floor for price action — bullish pressure is mounting fast👨‍💻

Stay alert because $DOGE could totally BURST from here🚀 pic.twitter.com/DRREgBWv45

— Butterfly (@butterfly_chart) November 4, 2025

Her projection targets a potential rise toward $0.48 by the end of the year or early next year if bullish pressure continues to build.

Other analysts share similar views. Ali Martinez pointed out that the TD Sequential indicator has flashed a buy signal, suggesting a local bottom may already be in place.

TD flashes buy on Dogecoin $DOGE. Local bottom might be in! pic.twitter.com/g84k4FtO5d

— Ali (@ali_charts) November 5, 2025

Analyst Chandler argued that DOGE’s biggest rallies tend to follow sharp market reversals in the broader altcoin market, while Ether emphasised that Dogecoin’s long-term bullish structure remains intact despite short-term volatility.

Just a small observation. The biggest bull runs were usually preceded by TOTAL3/TOTAL grinding up. Then you’d get a sharp drop and a clean V-shaped recovery – and that’s when $DOGE would typically peak. Feels like TOTAL3/TOTAL is starting to trend upward again. pic.twitter.com/ueSLiDFw6r

— Chandler⚡️ (@ChandlerCharts) November 6, 2025

Dogecoin price forecast

Market sentiment remains fragile, with the Crypto Fear & Greed Index currently sitting at 24, signalling “Extreme Fear,” while Bitcoin’s dominance has climbed above 60%, pulling capital away from altcoins.

If Bitcoin maintains stability above $100,000, capital could flow back into riskier assets like DOGE.

For now, $0.15 stands as the critical line in the sand. A sustained hold above that level could pave the way for consolidation and, eventually, a move toward the $0.17–$0.20 range.

A close below it, however, might open the door to deeper losses near $0.12–$0.114.

The post Dogecoin faces $0.15 test as analysts predict a massive price ‘burst’ ahead appeared first on CoinJournal.

• JPMorgan says Bitcoin is undervalued by $68K and now more attractive than gold.
• BTC slips below $101K as job cuts, weak stocks, and ETF outflows weigh on sentiment.
• Fed rate cut odds rise to 69%, but uncertainty keeps Bitcoin near key $100K level.

Bitcoin wavered below $101,000 on Thursday, slipping 2.4% as risk assets broadly declined.

The world’s largest cryptocurrency mirrored weakness in US equities, with both the S&P 500 and Nasdaq 100 moving lower amid renewed concerns over the economy and labor market.

Fresh data from employment firm Challenger, Gray & Christmas, revealed more than 153,000 job cuts in October, which is the highest for that month since 2003.

“October’s pace of job cutting was much higher than average for the month,” said Andy Challenger, the firm’s chief revenue officer.

The latest figures added to investor unease, particularly as the ongoing US government shutdown has delayed official employment reports. Analysts suggested the grim data could pressure the Federal Reserve to deliver more rate cuts to support the economy.

“The economy may need more interest-rate cuts from the Federal Reserve,” trading analysis firm The Kobeissi Letter wrote on X, calling the current environment “a new era of monetary policy.”

However, not all market observers are convinced the Fed will move again in December.

Singapore-based trading firm QCP Capital cautioned that a rate cut at the upcoming meeting is “not guaranteed,” noting that markets are pricing only 60–65% odds of a follow-up move.

According to CME Group’s FedWatch Tool, investors currently assign a 69% probability to a 0.25% reduction in December.

A prolonged policy pause, QCP added, could keep the US dollar firm and credit conditions tight — factors that typically weigh on Bitcoin and other risk-sensitive assets.

Institutional outflows pressure Bitcoin sentiment

Beyond macroeconomic concerns, Bitcoin also faces headwinds from waning institutional demand.

QCP Capital pointed to continued outflows from US spot Bitcoin exchange-traded funds (ETFs), which have totaled nearly $900 million over the first three days of the week.

The firm described the $100,000 price level as a key “psychological threshold,” suggesting that any stabilization in ETF flows could quickly shift sentiment — provided no new macro shocks emerge.

Market participants have maintained a cautious tone, with many traders eyeing a potential retracement toward the open “gap” in CME Group’s Bitcoin futures near $92,000 as a possible support level.

Despite the short-term weakness, analysts at JPMorgan see a longer-term opportunity in the recent decline.

JPMorgan says Bitcoin now undervalued relative to gold

In a note quoted by MarketWatch, JPMorgan analyst Nikolaos Panigirtzoglou and his team argued that Bitcoin is now more attractive than gold following its latest pullback.

The bank’s research suggested that the cryptocurrency had previously been “$36,000 too high compared with gold” at the end of last year but is now “around $68,000 too low.”

The shift marks a notable change in tone from the investment bank, which has historically viewed Bitcoin as a speculative asset.

The analysts indicated that Bitcoin’s relative undervaluation could make it appealing to investors seeking alternatives to traditional safe-haven assets.

While institutional outflows have dampened momentum in recent weeks, JPMorgan’s assessment provides a bullish counterpoint, highlighting that the cryptocurrency may have entered oversold territory compared with its long-term benchmarks.

As Bitcoin continues to trade around the $100,000 mark, market participants will be watching whether renewed institutional interest or dovish shifts in monetary policy can reignite the cryptocurrency’s rally in the weeks ahead.

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