{"id":13104,"date":"2026-09-11T11:07:25","date_gmt":"2026-09-11T11:07:25","guid":{"rendered":"https:\/\/cryptonews.uk.com\/?p=13104"},"modified":"2026-09-11T11:07:25","modified_gmt":"2026-09-11T11:07:25","slug":"dogecoin-risks-breakdown-below-0-08-as-bitwise-shuts-doge-etf","status":"publish","type":"post","link":"https:\/\/cryptonews.uk.com\/?p=13104","title":{"rendered":"Dogecoin risks breakdown below $0.08 as Bitwise shuts DOGE ETF"},"content":{"rendered":"
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Key takeaways<\/span><\/p>\n
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Dogecoin is attempting to recover after two consecutive sessions of roughly 3% losses.<\/span><\/li>\n
Bitwise will end trading in its BWOW Dogecoin ETF on October 14.<\/span><\/li>\n
A break below $0.0801 could send DOGE toward $0.0745 and potentially $0.0673.<\/span><\/li>\n
Dogecoin must reclaim the $0.0845\u2013$0.0904 resistance region to improve its outlook.<\/span><\/li>\n<\/ul>\n
Dogecoin (DOGE) edged higher on Friday following two consecutive sessions of losses of approximately 3%.<\/span><\/p>\n
Despite the modest recovery, DOGE retains a bearish near-term outlook as institutional demand weakens and momentum indicators point to sustained selling pressure.\u00a0<\/span><\/p>\n
The $0.0800 region is now critical, with a breakdown potentially exposing the meme coin to significantly lower support levels.<\/span><\/p>\n
Bitwise announces closure of Dogecoin ETF<\/h2>\n
Bitwise announced Thursday that it will liquidate its Dogecoin exchange-traded fund, BWOW, as part of an effort to streamline its product lineup and respond to changing investor demand.<\/span><\/p>\n
The fund\u2019s final trading day is scheduled for October 14, after which it will cease operations and begin converting its DOGE holdings into cash.<\/span><\/p>\n
Bitwise expects to complete the liquidation on October 22 and distribute the remaining cash to shareholders.<\/span><\/p>\n
BWOW held approximately $687,730 in net assets as of Thursday, according to SoSoValue.<\/span><\/p>\n
The conversion of its holdings during the liquidation process could add modest selling pressure to Dogecoin, although the fund is considerably smaller than other DOGE-focused investment products.<\/span><\/p>\n
Grayscale\u2019s GDOG ETF holds approximately $8.61 million, while the 21Shares TDOG fund manages around $2.53 million.<\/span><\/p>\n
The difference highlights BWOW\u2019s relatively limited scale and may explain Bitwise\u2019s decision to remove the fund from its product range.<\/span><\/p>\n
Dogecoin trades below key moving averages<\/h2>\n
Dogecoin traded slightly above $0.0800 at the time of writing on Friday but remained below several important technical indicators.<\/span><\/p>\n
DOGE sits beneath its 100-period EMA at $0.0857 and its 50-period EMA at $0.0870 on the four-hour chart. Trading below both indicators reinforces the token\u2019s bearish short-term structure.<\/span><\/p>\n
The meme coin is also testing its 200-period EMA near $0.0827, which currently acts as immediate dynamic support.<\/span><\/p>\n
A confirmed move below the 200-period EMA could push Dogecoin toward the recent low at $0.0801.<\/span><\/p>\n
If buyers fail to defend that psychological support zone, the next downside target would be the 127.2% Fibonacci extension at $0.0745. A more substantial correction could bring the 161.8% extension near $0.0673 into focus.<\/span><\/p>\n
A decline from $0.0801 to $0.0673 would represent a drop of approximately 16%.<\/span><\/p>\n
Dogecoin\u2019s Relative Strength Index stands near 35 on the four-hour chart, placing it just above oversold territory.<\/span><\/p>\n
The low reading reflects significant bearish momentum but also suggests that selling may be approaching exhaustion. Still, the indicator has not produced a confirmed reversal signal.<\/span><\/p>\n
<\/p>\n
The Moving Average Convergence Divergence indicator continues to decline below its zero line, reinforcing the view that downside pressure remains dominant.<\/span><\/p>\n
For Dogecoin to begin a meaningful recovery, it must first break above the 78.6% Fibonacci retracement at $0.0845.<\/span><\/p>\n
The next resistance levels sit at the 100-period EMA near $0.0857 and the 50-period EMA at $0.0870. A stronger barrier awaits around $0.0904, which aligns with the 50% Fibonacci retracement.<\/span><\/p>\n
A sustained close above $0.0904 would weaken the bearish outlook. Until then, DOGE remains vulnerable to a breakdown below $0.0800.<\/span><\/p>\n
Key takeaways Dogecoin is attempting to recover after two consecutive sessions of roughly 3% losses. Bitwise will end trading in its BWOW Dogecoin ETF on October 14. A break below $0.0801 could send DOGE toward $0.0745 and potentially $0.0673. Dogecoin must reclaim the $0.0845\u2013$0.0904 resistance region to improve its outlook. Dogecoin (DOGE) edged higher on<\/p>\n","protected":false},"author":1,"featured_media":13105,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9],"tags":[],"class_list":["post-13104","post","type-post","status-publish","format-standard","has-post-thumbnail","category-eurozone"],"yoast_head":"\n
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![\"\"](\"https:\/\/coinjournal.net\/wp-content\/uploads\/2026\/09\/ChatGPT-Image-Sep-11-2026-11_12_06-AM.png\")
\n<\/picture> <\/div>\n<\/p><\/div>\n![\"DOGE\/USD](\"https:\/\/coinjournal.net\/wp-content\/uploads\/2026\/09\/DOGEUSD_2026-09-11_11-06-41.png\")
<\/p>\n