Blab Crypto
Dogecoin Faces ETF Closure as Technical Signals Hint at Possible Rebound
On September 11, 2026, cryptocurrency analyst Ali Martinez reported that Dogecoin (DOGE) may be reaching the end of a recent downtrend, citing a TD Sequential “Buy” signal on the coin’s 4‑hour chart. The indicator, which is used to spot exhaustion in a price move, has historically produced rebounds of 6.96 %, 2.71 % and 11.25 % after the last three buy signals.
Martinez’s observation comes amid a broader slide in the crypto market. DOGE is trading at $0.08390, a 2.01 % decline in the past 24 hours and a 3.50 % drop over the week, according to Benzinga Pro data. The memecoin’s price has been pressured by wider market weakness, geopolitical tensions and expectations of higher inflation and interest rates.
Other technical indicators present a mixed picture. The Moving Average Convergence Divergence (MACD) indicator, which compares 12‑period and 26‑period exponential moving averages, is showing a “Sell” signal for DOGE. In contrast, the Bull‑Bear Power indicator, which measures the relative strength of buyers and sellers, is signaling a “Buy.” The Relative Strength Index (RSI) is hovering in neutral territory, neither overbought nor oversold.
In addition to technical chatter, Dogecoin’s ecosystem is facing a significant setback. Bitwise announced on September 10, 2026 that it will liquidate and close its Bitwise Dogecoin ETF (NYSE: BWOW) less than a year after the fund’s launch. The ETF, which had accumulated only $722,000 in assets, has suffered a net outflow of $1.2 million and a 45 % decline from its inception. The fund will be converted to cash on October 14, 2026.
The closure of the ETF underscores limited demand for a dedicated Dogecoin investment vehicle. Bitwise’s statement that the liquidation is part of an effort to optimize its product range suggests that the firm views the fund as unsustainable. The move follows a pattern of other meme‑coin ETFs that have struggled to attract investors.
Dogecoin itself was created in December 2013 by Billy Markus and Jackson Palmer as a joke, but it grew a large community and reached a peak market capitalization of over $85 billion in May 2021. The coin’s recent price volatility reflects the broader crypto environment, which has seen a shift from speculative enthusiasm to a more cautious stance.
The technical signals that Martinez highlighted are not uncommon in the market. A TD Sequential buy signal on a 4‑hour chart is often interpreted by traders as a potential reversal point, but it does not guarantee a sustained move higher. The conflicting MACD sell signal and Bull‑Bear Power buy signal add uncertainty to the short‑term outlook.
The ETF liquidation may also influence sentiment. Institutional investors who previously used the Bitwise vehicle to gain exposure to Dogecoin will need to seek alternative methods, potentially increasing demand for direct spot holdings or other exchange‑traded products. However, the fund’s poor performance suggests that the broader appetite for Dogecoin remains limited.
Looking ahead, the next key dates are the fund’s conversion to cash on October 14, 2026 and any forthcoming technical developments that could confirm or refute the potential rebound. Market participants will also monitor macroeconomic indicators, such as inflation data and central bank policy decisions, which continue to weigh on risk‑off sentiment.
In summary, Dogecoin is currently trading below its recent highs, with a mixed set of technical signals and a significant ETF liquidation that signals limited institutional demand. While a TD Sequential buy signal offers a possible short‑term upside, the broader market environment and conflicting indicators suggest caution. Investors should watch the upcoming conversion of the Bitwise ETF and any further technical confirmation before making new positions.
Martinez’s observation comes amid a broader slide in the crypto market. DOGE is trading at $0.08390, a 2.01 % decline in the past 24 hours and a 3.50 % drop over the week, according to Benzinga Pro data. The memecoin’s price has been pressured by wider market weakness, geopolitical tensions and expectations of higher inflation and interest rates.
Other technical indicators present a mixed picture. The Moving Average Convergence Divergence (MACD) indicator, which compares 12‑period and 26‑period exponential moving averages, is showing a “Sell” signal for DOGE. In contrast, the Bull‑Bear Power indicator, which measures the relative strength of buyers and sellers, is signaling a “Buy.” The Relative Strength Index (RSI) is hovering in neutral territory, neither overbought nor oversold.
In addition to technical chatter, Dogecoin’s ecosystem is facing a significant setback. Bitwise announced on September 10, 2026 that it will liquidate and close its Bitwise Dogecoin ETF (NYSE: BWOW) less than a year after the fund’s launch. The ETF, which had accumulated only $722,000 in assets, has suffered a net outflow of $1.2 million and a 45 % decline from its inception. The fund will be converted to cash on October 14, 2026.
The closure of the ETF underscores limited demand for a dedicated Dogecoin investment vehicle. Bitwise’s statement that the liquidation is part of an effort to optimize its product range suggests that the firm views the fund as unsustainable. The move follows a pattern of other meme‑coin ETFs that have struggled to attract investors.
Dogecoin itself was created in December 2013 by Billy Markus and Jackson Palmer as a joke, but it grew a large community and reached a peak market capitalization of over $85 billion in May 2021. The coin’s recent price volatility reflects the broader crypto environment, which has seen a shift from speculative enthusiasm to a more cautious stance.
The technical signals that Martinez highlighted are not uncommon in the market. A TD Sequential buy signal on a 4‑hour chart is often interpreted by traders as a potential reversal point, but it does not guarantee a sustained move higher. The conflicting MACD sell signal and Bull‑Bear Power buy signal add uncertainty to the short‑term outlook.
The ETF liquidation may also influence sentiment. Institutional investors who previously used the Bitwise vehicle to gain exposure to Dogecoin will need to seek alternative methods, potentially increasing demand for direct spot holdings or other exchange‑traded products. However, the fund’s poor performance suggests that the broader appetite for Dogecoin remains limited.
Looking ahead, the next key dates are the fund’s conversion to cash on October 14, 2026 and any forthcoming technical developments that could confirm or refute the potential rebound. Market participants will also monitor macroeconomic indicators, such as inflation data and central bank policy decisions, which continue to weigh on risk‑off sentiment.
In summary, Dogecoin is currently trading below its recent highs, with a mixed set of technical signals and a significant ETF liquidation that signals limited institutional demand. While a TD Sequential buy signal offers a possible short‑term upside, the broader market environment and conflicting indicators suggest caution. Investors should watch the upcoming conversion of the Bitwise ETF and any further technical confirmation before making new positions.
