DOGE is in a really tough spot, folks—it’s not looking good. 👀
Looking at the 4H chart, DOGE is clearly breaking down after dropping sharply below key MA lines. The current price is just $0.08506, below the MA7 ($0.0851), MA25 ($0.0907), and MA99 ($0.0941). The 4H RSI is also at 32.11. Although it’s close to oversold territory, it reflects extremely strong bearish momentum following the recent dump, which often signals only a shallow bounce or further declines. On top of that, Bitwise’s decision to liquidate its Dogecoin ETF (BWOW) on October 14 clearly points to weak institutional inflows, putting significant selling pressure on DOGE.
On the 1W timeframe, the broader picture isn’t much brighter. DOGE is trading below the major moving averages, confirming a clear downtrend that has lasted nearly two years. Derivatives data further reinforce this bearish momentum: the funding rate is negative (-0.0001%/8h), while 70.6% of accounts are Long.
Looking at the 4H chart, DOGE is clearly breaking down after dropping sharply below key MA lines. The current price is just $0.08506, below the MA7 ($0.0851), MA25 ($0.0907), and MA99 ($0.0941). The 4H RSI is also at 32.11. Although it’s close to oversold territory, it reflects extremely strong bearish momentum following the recent dump, which often signals only a shallow bounce or further declines. On top of that, Bitwise’s decision to liquidate its Dogecoin ETF (BWOW) on October 14 clearly points to weak institutional inflows, putting significant selling pressure on DOGE.
On the 1W timeframe, the broader picture isn’t much brighter. DOGE is trading below the major moving averages, confirming a clear downtrend that has lasted nearly two years. Derivatives data further reinforce this bearish momentum: the funding rate is negative (-0.0001%/8h), while 70.6% of accounts are Long.