Dogecoin ETF to be closed, #DOGE facing selling pressure?
Bitwise has announced the closure of its Dogecoin spot ETF, with October 14 as the last trading day. The fund will sell DOGE and return the cash to investors. The fund’s size is only about $726,000, reflecting weak institutional demand.
Key levels: resistance above at $0.092–$0.093, support below at $0.081. If selling is concentrated, it may add short-term downward pressure. Beginners shouldn’t rush to buy the dip; wait for support to stabilize and trading volume to recover before watching further.
Bitwise has announced the closure of its Dogecoin spot ETF, with October 14 as the last trading day. The fund will sell DOGE and return the cash to investors. The fund’s size is only about $726,000, reflecting weak institutional demand.
Key levels: resistance above at $0.092–$0.093, support below at $0.081. If selling is concentrated, it may add short-term downward pressure. Beginners shouldn’t rush to buy the dip; wait for support to stabilize and trading volume to recover before watching further.