Dogecoin Faces Uphill Battle to Overcome Resistance at $0.10

On October 4, Dogecoin (DOGE) traded at $0.093269, close to moving-average support but still below the first meaningful upside hurdle of $0.10.

The token had rebounded sharply on September 21 before being rejected around $0.10, and its October 2 range ran from roughly $0.0903 to $0.0980.

The immediate news backdrop is less helpful, as Bitwise announced the liquidation of the Bitwise Dogecoin ETF (BWOW) on September 10, with an expected final trading day of October 14 and distributions to remaining shareholders around October 22.

The planned closure adds a sentiment overhang even though the fund had only about $688,000 in net assets as of September 9, limiting the likely scale of any direct DOGE-market flow.