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Dogecoin News Today: Structural Challenges and Musk's Unpredictable Moves Shape Dogecoin's Future

Dogecoin News Today: Structural Challenges and Musk's Unpredictable Moves Shape Dogecoin's Future

Bitget-RWA2025/10/25 10:20
By:Bitget-RWA

- Dogecoin (DOGE) nears a technical "death cross" pattern, with analysts warning of a potential 60% price decline amid waning ETF momentum and collapsing futures open interest. - The coin's 38% drop from its September peak aligns with broader crypto weakness, as Bitcoin and Ethereum trade lower amid macroeconomic uncertainty. - The Dogecoin Foundation plans to convert its treasury into a publicly traded stock, while House of Doge acquired an Italian soccer team to boost crypto adoption through ticket and m

Dogecoin (DOGE) is at a pivotal point as the

coin nears a technical "death cross," prompting analysts to caution that its value could drop by as much as 60%. The cryptocurrency has already declined 38% from its September high of $0.3066 to $0.1900, a slide worsened by fading momentum in the recently introduced ETF and a sharp decrease in futures open interest, as reported by . The death cross, which occurs when the 50-day moving average dips below the 200-day moving average, is widely viewed as a bearish indicator that often signals extended declines, causing concern among investors.

The DOGE ETF, which was initially expected to spark greater institutional involvement, has lost momentum as inflows have slowed considerably. This trend mirrors the broader weakness in the crypto sector, with

(BTC) and (ETH) both experiencing declines amid ongoing macroeconomic challenges, according to . At the same time, Dogecoin’s price has been confined within a rising wedge formation, a classic pattern that often precedes breakdowns, as highlighted by CoinMarketCap.

Dogecoin News Today: Structural Challenges and Musk's Unpredictable Moves Shape Dogecoin's Future image 0

Despite negative technical signals, supporters point to new potential drivers. The

Foundation has revealed plans to convert its treasury into a publicly listed company, aiming to boost mainstream acceptance, according to . In a separate move, House of Doge, the coin’s business division, secured a controlling interest in the Italian football club U.S. Triestina Calcio 1918, with intentions to introduce crypto payments for tickets and merchandise, as reported by . Advocates believe such collaborations could enhance real-world adoption and raise the coin’s profile.

Elon Musk, whose remarks have frequently swayed Dogecoin’s price, remains an unpredictable factor. The Tesla chief executive recently criticized proxy advisory firms over his $1 trillion pay package, labeling them "corporate terrorists" during an earnings call, according to

. While Musk’s attention to Tesla and SpaceX has drawn scrutiny, his latest blockchain activities—including SpaceX’s $133 million Bitcoin transfer, as noted by —have renewed speculation about his broader cryptocurrency plans. Experts remain split on whether Musk’s support can counteract the structural challenges facing DOGE.

Technical analysis points to a possible "steady and composed" rebound, with the Relative Strength Index (RSI) showing oversold levels, according to Benzinga. Still, reaching $0.25 will be difficult without improved sentiment and a return of strong ETF inflows. The determination of the Dogecoin community, together with Musk’s unpredictable impact, will likely decide if the coin can avoid a major downturn or if it will serve as a warning in the turbulent crypto landscape.

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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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