DOGE Value Increases by 1.49% as Large Holders Sell and ETF Rumors Circulate
- DOGE rose 1.49% in 24 hours amid whale sales of 3B tokens, signaling mixed market sentiment. - Speculation grows over Bitwise DOGE ETF approval, which could boost institutional interest if approved. - Technical indicators show resistance near 2025 highs and overbought conditions, hinting at possible short-term pullbacks. - Backtesting challenges highlight data gaps, urging structured strategies for evaluating DOGE’s performance.
As of NOV 10 2025,
Major holders, often referred to as whales, have offloaded more than 3 billion DOGE in the past month, indicating a shift in market sentiment. This significant outflow stands in contrast to recent price trends, which point to a mixed technical picture rather than a distinctly bearish one. Although the 8.85% gain in the last week offers some optimism, the 42.41% annual decrease highlights the ongoing difficulties DOGE faces in sustaining upward
At the same time, there is growing speculation about the possible approval of the Bitwise DOGE ETF. Analysts believe that clearer regulations could attract more institutional investors. If the ETF is approved and launched, it could potentially drive long-term growth, though such projections remain uncertain and should not be mistaken for guaranteed market developments.
From a technical analysis standpoint, DOGE is currently facing strong resistance, despite its nearly 9% rise this week. The cryptocurrency has not managed to surpass important resistance levels established earlier in 2025. Traders are closely watching trading volume and order book activity for any signs of a trend reversal. Technical indicators like the RSI and MACD show that DOGE may be entering overbought territory, which could lead to a short-term price correction.
Backtest Hypothesis
A recent backtest that aimed to measure DOGE’s returns using a straightforward buy-and-hold method from 2022-01-01 to the present was unsuccessful due to missing price data. This underscores the importance of a more systematic approach when evaluating event-driven strategies. For example, one might set a trigger such as a trailing 12-month decline of at least -42.41%—matching DOGE’s yearly drop—then follow with a predetermined action (buy or short) and a specific exit strategy. This method could provide a clearer picture of how DOGE reacts to major price downturns and help investors identify better entry and exit points.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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