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Dogecoin price jumps 10% as Bitwise Spot ETF launch nears, with $0.20 resistance ahead and increasing whale activity.
Dogecoin’s price has surged by 10% in the last 24 hours. This increase comes as the Bitwise Spot Dogecoin ETF is expected to launch later this month. As the market waits for the ETF, investors are showing renewed confidence in Dogecoin’s potential.
Bitwise has announced plans to launch the first-ever Spot Dogecoin ETF in the U.S. The ETF will allow investors to directly gain exposure to Dogecoin. The filing with the SEC is now in its final stages and is expected to be approved soon.
BREAKING: 🐕 Bitwise has officially filed for a spot $DOGE (Dogecoin) ETF. pic.twitter.com/GrNLModZSj
— CEO (@Investments_CEO) November 8, 2025
The ETF will trade under the ticker symbol BWOW. It aims to track the CF Dogecoin-Dollar U.S. Settlement Price Index. If approved, this could provide Dogecoin with greater exposure in traditional financial markets.
The expected approval of the Bitwise ETF has sparked optimism among traders. Investors hope that this launch will help Dogecoin become more mainstream. It could open the door for more institutional investment in the meme coin.
Dogecoin’s price has seen a noticeable 10% increase in recent days. This surge reflects growing optimism about the upcoming Bitwise ETF launch. As of November 8, Dogecoin was trading at around $0.18.
Many analysts believe that the price could rise further if Dogecoin breaks through key resistance levels. The next major hurdle is the $0.20 price mark. If Dogecoin can surpass this, it may move toward $0.22 or even $0.25.
Technical indicators, such as the Moving Average Convergence Divergence (MACD) and Relative Strength Index (RSI), suggest positive momentum. Both indicators show increasing buying pressure in the market. This may help support further gains in the short term.
Large investors, often called “whales,” are playing a key role in Dogecoin’s price movements. Recent data shows that over 11 billion DOGE have been accumulated around the $0.20 price level. This could indicate that whales are preparing for a possible breakout.
11.12 billion Dogecoin $DOGE were accumulated around the $0.20 level. This now represents a major area of resistance. pic.twitter.com/nMfksq6z0S
— Ali (@ali_charts) November 8, 2025
These investors tend to influence the market with their large trades. Their actions often drive price changes, either pushing it higher or causing pullbacks. As the Bitwise ETF launch nears, whales could continue to play an important role in shaping the market.
The next few weeks will likely determine whether Dogecoin can maintain its momentum. If the whales continue to accumulate, it could push the price higher. However, a failure to break the $0.20 resistance might lead to a temporary price decline.
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