DOGE Rises 8.52% Over the Past Week as Whales Sell and ETF Filings Progress

As of November 9, 2025,

increased by 0.01% over the past 24 hours, reaching a value of $0.17599. Over the last week, DOGE climbed 8.52%, but it declined 5.57% in the past month and dropped 44.28% over the previous year.

Significant on-chain transactions have pointed to a renewed sense of optimism among investors in

(DOGE). Recent market data shows that whale outflows have been a dominant theme, with more than 3 billion DOGE withdrawn from exchanges in the last month. This substantial token indicates that long-term holders may be repositioning for upcoming price changes or reallocating assets in anticipation of future events.

Technical analysis of DOGE has become more prominent following Bitwise’s ETF application. The asset manager has officially filed for a Dogecoin spot ETF, and the SEC is expected to issue a response within 20 days. Experts believe that regulatory approval could drive institutional interest, especially if the fund experiences the same

as seen with and ETFs in 2024.

DOGE has consistently faced resistance at the $0.20 mark. Current figures show that over 11.12 billion DOGE have been accumulated at this price, creating a notable supply barrier. Activity in the over-the-counter (OTC) market points to institutional and large-scale investors accumulating DOGE, likely aiming to stabilize the price and reduce volatility ahead of major events like the ETF decision.

The $0.20 threshold has long served as both a psychological and technical barrier for DOGE. Each approach to this level has failed to result in a sustained breakout, with prices typically pulling back into consolidation or correction. This recurring pattern has been observed across different timeframes, with particular attention paid to its impact on institutional strategies and speculative trading.

Backtest Hypothesis

A quantitative review of DOGE’s price reactions at the $0.20 resistance from January 1, 2022, to November 8, 2025, shows that the level has limited predictive value. Out of 31 occurrences where DOGE tested $0.20, the success rate was under 52%, suggesting outcomes were nearly random for a sustained breakout.

Additionally, the average cumulative return became negative within a single trading day after testing resistance, dropping to about -0.6%, and declining further to -2% after 30 days. In comparison, a straightforward buy-and-hold approach during the same timeframe produced an approximate 5% return, highlighting that the $0.20 resistance has not historically signaled profitable entries.

The most significant drawdowns in this analysis occurred within the first three weeks after testing resistance, with some cases seeing losses of nearly 6.5% around day 19. While there was some recovery in the latter half of the 30-day period, the overall trend remained negative.

Interpretation and Strategy Implications

The evidence indicates that traders should view the $0.20 level as a major supply zone rather than a breakout indicator. Unless there is a notable increase in trading volume or a significant catalyst—such as approval of the Bitwise ETF—historical trends suggest DOGE is more likely to pull back than to maintain a rally above this point.

Based on these insights, bullish trades near $0.20 should be supported by strong confirmation signals, such as heightened on-chain activity, increased institutional purchases, or major regulatory news. Until such factors are present, approaching the $0.20 resistance should be done cautiously, with an emphasis on risk management and careful position sizing for speculative trades.