DOGE in Sharp Decline: Could an ETF Be Its Lifeline? (Updated August 19, 2025)
- Why Is DOGE Plummeting?
- Are Sellers in Full Control?
- Could a DOGE ETF Change the Game?
- What’s Next for DOGE?
- FAQs About DOGE’s Price Drop and ETF Hopes
Dogecoin (DOGE) is facing a steep downturn, dropping over 5% in the last 24 hours and nearly 15% from its recent peak of $0.256. Technical indicators and on-chain data paint a bearish picture, but hope lingers with the potential approval of a DOGE ETF in the U.S. This article dives into the current market dynamics, trader sentiment, and whether institutional interest could reverse DOGE's fortunes.
Why Is DOGE Plummeting?
Dogecoin started August 18, 2025, on a sour note, with its price sliding more than 5% in 24 hours, according to CoinGecko. The meme coin has now shed almost 15% of its value since hitting $0.256 on August 14. Traders are eyeing key support levels—if Doge breaches $0.22, it could trigger a steeper drop toward $0.156, a 30% decline from current levels. Technical indicators like RSI (below 50), MACD (bearish crossover), and ADX (weak trend strength) all signal further downside risk.
Are Sellers in Full Control?
Data from Coinglass reveals that sellers dominate DOGE trades, with sell orders outpacing buys by over $300 million in the past day. However, there’s a silver lining: more DOGE is leaving exchanges than entering, suggesting holders are hodling rather than panic-selling. This could indicate long-term confidence, possibly tied to ETF speculation.
Could a DOGE ETF Change the Game?
Grayscale’s application to convert its dogecoin Trust into a spot ETF has sparked optimism. The fund holds $2.5 billion in DOGE, and approval could legitimize the asset for institutional investors. Other firms like Rex-Osprey and Bitwise have also filed for DOGE ETFs, though the SEC hasn’t greenlit any yet. Polymarket traders give a 73% chance of approval by year-end.
What’s Next for DOGE?
While technicals lean bearish, the ETF narrative could be a wildcard. If approved, it might flood DOGE with fresh capital—similar to Bitcoin’s post-ETF rally. But until then, traders should brace for volatility. As one BTCC analyst noted, “DOGE needs a catalyst to break its slump. An ETF could be it, but don’t count your Shiba Inus before they hatch.”
This article does not constitute investment advice.
FAQs About DOGE’s Price Drop and ETF Hopes
How much has DOGE fallen recently?
DOGE is down 5% in 24 hours and nearly 15% from its August 14 high of $0.256.
What’s the key support level for DOGE?
$0.22 is critical. If broken, the next support is $0.156 (-30% from current levels).
Are institutions interested in DOGE?
Yes—Grayscale, Bitwise, and others have filed for DOGE ETFs, signaling institutional demand.
